Lands’ End Inc. (NASDAQ:LE) Director Elizabeth Leykum acquired 5,000 shares of the company’s stock in a transaction on Friday, October 7th. The stock was acquired at an average price of $15.00 per share, for a total transaction of $75,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Lands’ End Inc. (NASDAQ:LE) opened at 15.36 on Friday. The company’s 50-day moving average is $16.95 and its 200-day moving average is $18.40. The stock’s market cap is $491.97 million. Lands’ End Inc. has a 12-month low of $14.03 and a 12-month high of $27.60.
Lands’ End (NASDAQ:LE) last posted its quarterly earnings results on Thursday, September 1st. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.02 by $0.08. Lands’ End had a positive return on equity of 6.51% and a negative net margin of 2.66%. The business earned $292 million during the quarter, compared to the consensus estimate of $292.25 million. During the same quarter in the previous year, the business posted $0.23 earnings per share. The company’s quarterly revenue was down 6.5% compared to the same quarter last year. On average, analysts expect that Lands’ End Inc. will post $0.49 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Point72 Asset Management L.P. acquired a new position in Lands’ End during the second quarter worth about $1,232,000. Cubist Systematic Strategies LLC acquired a new position in Lands’ End during the second quarter worth about $129,000. Paloma Partners Management Co increased 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 about $218,000. Finally, Janus Capital Management LLC increased 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 worth $64,324,000 after buying an additional 42,199 shares during the last quarter. Institutional investors own 71.31% of the company’s stock.
A number of analysts recently commented on the stock. Zacks Investment Research downgraded shares of Lands’ End from a “hold” rating to a “strong sell” rating in a report on Thursday, June 16th. CL King downgraded shares of Lands’ End from a “buy” rating to a “neutral” rating in a report 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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