Edward S. Lampert Acquires 82,310 Shares of Lands’ End Inc. (LE) Stock
Lands’ End Inc. (NASDAQ:LE) major shareholder Edward S. Lampert purchased 82,310 shares of Lands’ End stock in a transaction dated Monday, October 10th. The stock was acquired at an average cost of $14.92 per share, with a total value of $1,228,065.20. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Lands’ End Inc. (NASDAQ:LE) opened at 15.36 on Friday. The company’s 50-day moving average price is $16.95 and its 200 day moving average price is $18.40. Lands’ End Inc. has a one year low of $14.03 and a one year high of $27.60. The firm’s market capitalization is $491.97 million.
Lands’ End (NASDAQ:LE) last posted 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. The company had revenue of $292 million for the quarter, compared to the consensus estimate of $292.25 million. Lands’ End had a negative net margin of 2.66% and a positive return on equity of 6.51%. The firm’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same period last year, the company posted $0.23 earnings per share. On average, analysts forecast that Lands’ End Inc. will post $0.49 earnings per share for the current year.
Several equities analysts recently issued reports on the company. Zacks Investment Research raised Lands’ End from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 3rd. CL King cut Lands’ End from a “buy” rating to a “neutral” rating in a report on Monday, September 26th.
Several institutional investors have recently bought and sold shares of the stock. Cubist Systematic Strategies LLC bought a new position in Lands’ End during the second quarter valued at approximately $129,000. Paloma Partners Management Co raised its position in Lands’ End by 4.3% in the second quarter. Paloma Partners Management Co now owns 12,255 shares of the company’s stock valued at $201,000 after buying an additional 507 shares during the period. Zacks Investment Management bought a new position in Lands’ End during the second quarter valued at approximately $218,000. Trexquant Investment LP bought a new position in Lands’ End during the second quarter valued at approximately $224,000. Finally, Alliancebernstein L.P. raised its position in Lands’ End by 68.3% in the second quarter. Alliancebernstein L.P. now owns 20,200 shares of the company’s stock valued at $332,000 after buying an additional 8,200 shares during the period. 71.31% of the stock is owned by institutional investors.
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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