Lands’ End Inc. (LE) Director Purchases $75,850.00 in Stock
Lands’ End Inc. (NASDAQ:LE) Director Josephine Linden purchased 5,000 shares of the business’s stock in a transaction that occurred on Thursday, September 29th. The shares were purchased at an average price of $15.17 per share, for a total transaction of $75,850.00. Following the completion of the acquisition, the director now directly owns 13,000 shares in the company, valued at approximately $197,210. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Shares of Lands’ End Inc. (NASDAQ:LE) traded up 1.38% during midday trading on Monday, hitting $14.70. 41,709 shares of the stock traded hands. The company’s market cap is $470.83 million. Lands’ End Inc. has a 52-week low of $14.03 and a 52-week high of $28.08. The stock has a 50-day moving average of $17.54 and a 200-day moving average of $19.02.
Lands’ End (NASDAQ:LE) last posted its quarterly earnings data on Thursday, September 1st. The company reported ($0.06) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by $0.08. Lands’ End had a negative net margin of 2.66% and a positive return on equity of 6.51%. The business earned $292 million during the quarter, compared to analysts’ expectations of $292.25 million. During the same period in the previous year, the business posted $0.23 EPS. The company’s revenue for the quarter was down 6.5% compared to the same quarter last year. On average, equities analysts predict that Lands’ End Inc. will post $0.49 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Cubist Systematic Strategies LLC purchased a new position in shares of Lands’ End during the second quarter worth about $129,000. Paloma Partners Management Co increased its position in shares of Lands’ End by 4.3% in the second quarter. Paloma Partners Management Co now owns 12,255 shares of the company’s stock worth $201,000 after buying an additional 507 shares in the last quarter. Zacks Investment Management purchased a new position in shares of Lands’ End during the second quarter worth about $218,000. Trexquant Investment LP purchased a new position in shares of Lands’ End during the second quarter worth about $224,000. Finally, Alliancebernstein L.P. increased its position in shares of Lands’ End by 68.3% in the second quarter. Alliancebernstein L.P. now owns 20,200 shares of the company’s stock worth $332,000 after buying an additional 8,200 shares in the last quarter. 71.31% of the stock is owned by institutional investors and hedge funds.
Several research firms have issued reports on LE. Zacks Investment Research raised shares of Lands’ End from a “sell” rating to a “hold” rating in a research report on Wednesday, September 14th. CL King cut shares of Lands’ End from a “buy” rating to a “neutral” rating in a research report on Monday, September 26th.
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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