Lands’ End Inc. (LE) Major Shareholder Edward S. Lampert Acquires 102,375 Shares
Lands’ End Inc. (NASDAQ:LE) major shareholder Edward S. Lampert acquired 102,375 shares of the company’s stock in a transaction on Friday, October 7th. The shares were purchased at an average cost of $15.00 per share, for a total transaction of $1,535,625.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Shares of Lands’ End Inc. (NASDAQ:LE) opened at 14.89 on Thursday. The stock’s 50 day moving average is $17.05 and its 200 day moving average is $18.42. Lands’ End Inc. has a 52 week low of $14.03 and a 52 week high of $27.60. The firm’s market cap is $476.91 million.
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 the Thomson Reuters’ consensus estimate of $0.02 by $0.08. The company earned $292 million during the quarter, compared to the consensus estimate of $292.25 million. Lands’ End had a positive return on equity of 6.51% and a negative net margin of 2.66%. Lands’ End’s revenue for the quarter was down 6.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.23 EPS. On average, equities research analysts predict that Lands’ End Inc. will post $0.49 earnings per share for the current fiscal year.
Several large investors have recently made changes to their positions in LE. Point72 Asset Management L.P. acquired a new stake in shares of Lands’ End during the second quarter worth $1,232,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Lands’ End during the second quarter worth $129,000. Paloma Partners Management Co increased its stake 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 acquired a new stake in shares of Lands’ End during the second quarter worth $218,000. Finally, Janus Capital Management LLC increased its stake in shares of Lands’ End by 1.1% in the second quarter. Janus Capital Management LLC now owns 3,917,413 shares of the company’s stock worth $64,324,000 after buying an additional 42,199 shares in the last quarter. 71.31% of the stock is owned by institutional investors and hedge funds.
Several brokerages have recently weighed in on LE. Zacks Investment Research downgraded shares of Lands’ End from a “hold” rating to a “sell” rating in a research note on Monday, September 5th. CL King downgraded shares of Lands’ End from a “buy” rating to a “neutral” rating in a research note on Monday, September 26th.
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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