According to Zacks, “Lands’ End, Inc. operates as a multi-channel retailer. It offers men’s, women’s, and kids’ apparel, outerwear and swimwear; specialty apparel; accessories; footwear; and home products. The Company operates in two segments: Direct and Retail. It offers products through catalogs, online at www.landsend.com and affiliated specialty and international Websites, and through retail locations. Lands’ End, Inc. is based in Dodgeville, Wisconsin. “
Separately, CL King lowered shares of Lands’ End from a buy rating to a neutral rating in a research report on Monday, September 26th.
Lands’ End (NASDAQ:LE) opened at 14.50 on Wednesday. Lands’ End has a 52 week low of $14.03 and a 52 week high of $28.08. The company’s market capitalization is $464.42 million. The firm has a 50-day moving average of $17.54 and a 200-day moving average of $19.02.
Lands’ End (NASDAQ:LE) last announced its earnings results on Thursday, September 1st. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 quarter last year, the business earned $0.23 EPS. The firm’s revenue for the quarter was down 6.5% compared to the same quarter last year. Analysts anticipate that Lands’ End will post $0.49 EPS for the current fiscal year.
In related news, major shareholder Edward S. Lampert bought 150,679 shares of the company’s stock in a transaction dated Monday, August 1st. The shares were acquired at an average price of $14.25 per share, for a total transaction of $2,147,175.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Edward S. Lampert bought 31,124 shares of the company’s stock in a transaction dated Thursday, July 21st. The stock was bought at an average price of $14.64 per share, for a total transaction of $455,655.36. The disclosure for this purchase can be found here. 0.15% of the stock is currently owned by insiders.
Several hedge funds have recently made changes to their positions in LE. Cubist Systematic Strategies LLC acquired a new position in Lands’ End during the second quarter worth $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 worth $201,000 after buying an additional 507 shares during the last quarter. Zacks Investment Management acquired a new position in Lands’ End during the second quarter worth $218,000. Trexquant Investment LP acquired a new position in Lands’ End during the second quarter worth $224,000. Finally, Royal Bank of Canada raised its position in Lands’ End by 114.9% in the first quarter. Royal Bank of Canada now owns 19,957 shares of the company’s stock worth $509,000 after buying an additional 154,295 shares during the last quarter. Institutional investors and hedge funds own 71.31% of the company’s stock.
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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