Lands’ End Inc. (LE) Major Shareholder Edward S. Lampert Purchases 59,890 Shares
Lands’ End Inc. (NASDAQ:LE) major shareholder Edward S. Lampert bought 59,890 shares of the stock in a transaction dated Tuesday, October 11th. The shares were bought at an average cost of $14.89 per share, with a total value of $891,762.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Shares of Lands’ End Inc. (NASDAQ:LE) opened at 14.89 on Thursday. The company has a 50-day moving average of $17.05 and a 200-day moving average of $18.42. Lands’ End Inc. has a 1-year low of $14.03 and a 1-year high of $27.60. The stock’s market capitalization is $476.91 million.
Lands’ End (NASDAQ:LE) last issued its quarterly earnings data on Thursday, September 1st. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by $0.08. The business had revenue of $292 million for the quarter, compared to analyst estimates of $292.25 million. Lands’ End had a positive return on equity of 6.51% and a negative net margin of 2.66%. The firm’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.23 earnings per share. On average, equities research analysts expect that Lands’ End Inc. will post $0.49 EPS for the current fiscal year.
A number of institutional investors have recently made changes to their positions in the stock. Point72 Asset Management L.P. purchased a new position in shares of Lands’ End during the second quarter worth approximately $1,232,000. Cubist Systematic Strategies LLC purchased a new position in shares of Lands’ End during the second quarter worth approximately $129,000. Paloma Partners Management Co boosted 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 during the period. Zacks Investment Management purchased a new position in shares of Lands’ End during the second quarter worth approximately $218,000. Finally, Janus Capital Management LLC boosted its position 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 during the period. Institutional investors own 71.31% of the company’s stock.
A number of brokerages have recently issued reports on LE. Zacks Investment Research lowered shares of Lands’ End from a “hold” rating to a “sell” rating in a research note on Wednesday, September 28th. CL King lowered 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.
Receive News & Ratings for Lands' End Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lands' End Inc. and related companies with MarketBeat.com's FREE daily email newsletter.