Edward S. Lampert Buys 12,560 Shares of Lands’ End Inc. (LE) Stock
Lands’ End Inc. (NASDAQ:LE) major shareholder Edward S. Lampert purchased 12,560 shares of the company’s stock in a transaction that occurred on Thursday, October 13th. The stock was bought at an average cost of $14.89 per share, for a total transaction of $187,018.40. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Lands’ End Inc. (NASDAQ:LE) opened at 14.80 on Wednesday. The stock’s market cap is $474.03 million. The firm’s 50-day moving average price is $16.65 and its 200 day moving average price is $18.06. Lands’ End Inc. has a 1-year low of $14.03 and a 1-year high of $27.60.
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 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 company earned $292 million during the quarter, compared to analyst estimates of $292.25 million. During the same period in the previous year, the company posted $0.23 EPS. The company’s quarterly revenue was down 6.5% compared to the same quarter last year. Equities research analysts expect that Lands’ End Inc. will post $0.49 EPS for the current year.
A number of institutional investors have recently added to or reduced their stakes in the stock. Point72 Asset Management L.P. bought a new position in Lands’ End during the second quarter valued at $1,232,000. Cubist Systematic Strategies LLC bought a new position in Lands’ End during the second quarter valued at $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 last quarter. Zacks Investment Management bought a new position in Lands’ End during the second quarter valued at $218,000. Finally, Janus Capital Management LLC raised its position in Lands’ End by 1.1% in the second quarter. Janus Capital Management LLC now owns 3,917,413 shares of the company’s stock valued at $64,324,000 after buying an additional 42,199 shares during the last quarter. 71.38% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have weighed in on LE shares. Zacks Investment Research cut Lands’ End from a “hold” rating to a “sell” rating in a research note on Monday, September 5th. CL King cut 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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