Lands’ End Inc. (NASDAQ:LE) Director Jonah Staw acquired 1,000 shares of the stock in a transaction that occurred on Tuesday, October 4th. The stock was acquired at an average price of $15.21 per share, with a total value of $15,210.00. Following the completion of the transaction, the director now directly owns 3,350 shares of the company’s stock, valued at approximately $50,953.50. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of Lands’ End Inc. (NASDAQ:LE) traded down 0.73% during mid-day trading on Thursday, hitting $15.00. The stock had a trading volume of 217,083 shares. The company’s 50 day moving average price is $17.43 and its 200 day moving average price is $18.77. Lands’ End Inc. has a 12-month low of $14.03 and a 12-month high of $28.08. The stock’s market cap is $480.44 million.
Lands’ End (NASDAQ:LE) last announced its quarterly earnings data 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 had revenue of $292 million for the quarter, compared to analysts’ expectations of $292.25 million. During the same period in the prior year, the firm earned $0.23 earnings per share. The firm’s quarterly revenue was down 6.5% on a year-over-year basis. Equities research analysts predict that Lands’ End Inc. will post $0.49 EPS for the current fiscal year.
A number of hedge funds have recently made changes to their positions in the company. Cubist Systematic Strategies LLC acquired a new stake in shares of Lands’ End during the second quarter worth $129,000. Paloma Partners Management Co boosted 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 during the period. Zacks Investment Management acquired a new stake in shares of Lands’ End during the second quarter worth $218,000. Trexquant Investment LP acquired a new stake in shares of Lands’ End during the second quarter worth $224,000. Finally, Alliancebernstein L.P. boosted its stake in shares of Lands’ End by 68.3% in the second quarter. Alliancebernstein L.P. now owns 20,200 shares of the company’s stock worth $332,000 after buying an additional 8,200 shares during the period. 71.31% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts have commented 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.
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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