Lands’ End Inc. (LE) Shares Sold by California State Teachers Retirement System
California State Teachers Retirement System decreased its stake in Lands’ End Inc. (NASDAQ:LE) by 10.2% during the second quarter, according to its most recent filing with the SEC. The firm owned 31,289 shares of the company’s stock after selling 3,552 shares during the period. California State Teachers Retirement System owned 0.10% of Lands’ End worth $514,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of LE. Royal Bank of Canada raised its position in Lands’ End by 114.9% in the first quarter. Royal Bank of Canada now owns 19,957 shares of the company’s stock worth $509,000 after buying an additional 154,295 shares in the last quarter. Commonwealth Equity Services Inc raised its stake in shares of Lands’ End by 114.5% in the first quarter. Commonwealth Equity Services Inc now owns 23,042 shares of the company’s stock worth $588,000 after buying an additional 12,298 shares during the period. Teachers Advisors Inc. raised its stake in shares of 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 period. Finally, Royce & Associates LP raised its stake in shares of Lands’ End by 20.3% in the first quarter. Royce & Associates LP now owns 95,000 shares of the company’s stock worth $2,423,000 after buying an additional 16,000 shares during the period. 71.31% of the stock is currently owned by institutional investors and hedge funds.
Shares of Lands’ End Inc. (NASDAQ:LE) traded down 0.20% on Friday, reaching $14.97. 245,216 shares of the company traded hands. The stock has a 50 day moving average of $17.32 and a 200 day moving average of $18.66. Lands’ End Inc. has a 52-week low of $14.03 and a 52-week high of $27.99. The stock’s market cap is $479.47 million.
Lands’ End (NASDAQ:LE) last issued its earnings results 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 firm earned $292 million during the quarter, compared to the consensus estimate of $292.25 million. During the same period in the previous year, the company posted $0.23 EPS. The firm’s revenue for the quarter was down 6.5% on a year-over-year basis. On average, analysts expect that Lands’ End Inc. will post $0.49 earnings per share for the current year.
Several research firms recently issued reports on LE. Zacks Investment Research raised shares of Lands’ End from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 3rd. CL King lowered shares of Lands’ End from a “buy” rating to a “neutral” rating in a research note on Monday, September 26th.
In other Lands’ End news, Director Jignesh Patel bought 2,500 shares of Lands’ End stock in a transaction that occurred on Wednesday, September 28th. The stock was acquired at an average price of $15.15 per share, for a total transaction of $37,875.00. Following the completion of the acquisition, the director now owns 10,000 shares of the company’s stock, valued at approximately $151,500. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Edward S. Lampert bought 166,450 shares of Lands’ End stock in a transaction that occurred on Wednesday, July 27th. The shares were acquired at an average price of $14.40 per share, with a total value of $2,396,880.00. The disclosure for this purchase can be found here. Insiders own 0.15% of the company’s stock.
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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