Swiss National Bank decreased its position in Lands’ End Inc. (NASDAQ:LE) by 5.4% during the second quarter, Holdings Channel reports. The institutional investor owned 28,110 shares of the company’s stock after selling 1,600 shares during the period. Swiss National Bank owned about 0.09% of Lands’ End worth $462,000 as of its most recent SEC filing.
Separately, Teachers Advisors Inc. boosted its stake in Lands’ End by 35.7% in the first quarter. Teachers Advisors Inc. now owns 43,653 shares of the company’s stock worth $1,114,000 after buying an additional 11,482 shares during the last quarter. 71.38% of the stock is owned by institutional investors and hedge funds.
Shares of Lands’ End Inc. (NASDAQ:LE) traded down 2.003% during midday trading on Monday, hitting $14.925. The stock had a trading volume of 20,106 shares. Lands’ End Inc. has a 12 month low of $14.03 and a 12 month high of $27.60. The stock’s 50 day moving average price is $16.85 and its 200 day moving average price is $18.31. The firm’s market cap is $478.03 million.
Lands’ End (NASDAQ:LE) last released its earnings results on Thursday, September 1st. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by $0.08. Lands’ End had a positive return on equity of 6.51% and a negative net margin of 2.66%. The company earned $292 million during the quarter, compared to analysts’ expectations of $292.25 million. During the same period in the prior year, the company posted $0.23 earnings per share. The company’s revenue was down 6.5% on a year-over-year basis. On average, equities analysts forecast that Lands’ End Inc. will post $0.49 EPS for the current fiscal year.
A number of equities research analysts recently issued reports on LE shares. Zacks Investment Research cut Lands’ End from a “hold” rating to a “sell” rating in a research note on Monday, September 5th. CL King cut Lands’ End from a “buy” rating to a “neutral” rating in a research note on Monday, September 26th.
In other news, major shareholder Edward S. Lampert bought 10,861 shares of the company’s stock in a transaction on Wednesday, October 12th. The shares were acquired at an average cost of $14.89 per share, with a total value of $161,720.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Edward S. Lampert bought 59,890 shares of the company’s stock in a transaction on Tuesday, October 11th. The stock was purchased at an average cost of $14.89 per share, for a total transaction of $891,762.10. The disclosure for this purchase can be found here. 0.15% of the stock is owned by insiders.
About Lands’ End
Lands’ End, Inc (Lands’ End) is a multi-channel retailer of casual clothing, accessories and footwear, as well as home products. The Company operates through two segments: Direct and Retail. The Company offers products through catalogs, online at www.landsend.com. The Direct segment sells products through the Company’s e-commerce Websites, international Websites and direct mail catalogs.
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