Edward S. Lampert Purchases 10,861 Shares of Lands’ End Inc. (LE) Stock
Lands’ End Inc. (NASDAQ:LE) major shareholder Edward S. Lampert bought 10,861 shares of the firm’s stock in a transaction dated Wednesday, October 12th. The stock was bought at an average cost of $14.89 per share, with a total value of $161,720.29. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Shares of Lands’ End Inc. (NASDAQ:LE) traded down 0.13% on Wednesday, reaching $14.89. The company had a trading volume of 66,440 shares. Lands’ End Inc. has a 52-week low of $14.03 and a 52-week high of $27.60. The firm’s market capitalization is $476.91 million. The company has a 50-day moving average price of $17.05 and a 200-day moving average price of $18.42.
Lands’ End (NASDAQ:LE) last released its earnings results on Thursday, September 1st. The company reported ($0.06) earnings per share 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 firm had revenue of $292 million for the quarter, compared to analyst estimates of $292.25 million. During the same period last year, the business earned $0.23 earnings per share. The firm’s quarterly revenue was down 6.5% compared to the same quarter last year. Equities research analysts forecast that Lands’ End Inc. will post $0.49 EPS for the current fiscal year.
Several equities research analysts have recently weighed in on the company. Zacks Investment Research raised Lands’ End from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 3rd. CL King downgraded Lands’ End from a “buy” rating to a “neutral” rating in a research report on Monday, September 26th.
A number of large investors have recently added to or reduced their stakes in LE. Cubist Systematic Strategies LLC purchased a new stake in Lands’ End during the second quarter worth $129,000. Paloma Partners Management Co increased its stake in 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 during the last quarter. Zacks Investment Management bought a new stake in Lands’ End during the second quarter worth $218,000. Trexquant Investment LP bought a new stake in Lands’ End during the second quarter worth $224,000. Finally, Alliancebernstein L.P. increased its stake in 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 during the last quarter. 71.31% of the stock is currently owned by institutional investors and hedge funds.
Lands’ End Company Profile
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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