Lands’ End Inc. (NASDAQ:LE) major shareholder Edward S. Lampert acquired 10,861 shares of Lands’ End stock in a transaction that occurred on Wednesday, October 12th. The shares were bought at an average price of $14.89 per share, with a total value of $161,720.29. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Lands’ End Inc. (NASDAQ:LE) opened at 15.23 on Monday. Lands’ End Inc. has a 12 month low of $14.03 and a 12 month high of $27.60. The firm’s market cap is $487.80 million. The firm’s 50-day moving average price is $16.85 and its 200-day moving average price is $18.31.
Lands’ End (NASDAQ:LE) last announced 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 business had revenue of $292 million for the quarter, compared to the consensus estimate of $292.25 million. During the same quarter in the previous year, the company earned $0.23 EPS. Lands’ End’s revenue for the quarter was down 6.5% compared to the same quarter last year. Equities research analysts predict that Lands’ End Inc. will post $0.49 earnings per share for the current year.
LE has been the subject of a number of analyst reports. Zacks Investment Research lowered Lands’ End from a “hold” rating to a “sell” rating in a research report on Monday, September 5th. CL King lowered Lands’ End from a “buy” rating to a “neutral” rating in a research report on Monday, September 26th.
A number of hedge funds have recently made changes to their positions in LE. Point72 Asset Management L.P. acquired a new stake in shares of Lands’ End during the second quarter valued at $1,232,000. Cubist Systematic Strategies LLC purchased a new position in Lands’ End during the second quarter valued at approximately $129,000. Paloma Partners Management Co boosted 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 purchased a new position in Lands’ End during the second quarter valued at approximately $218,000. Finally, Janus Capital Management LLC boosted 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 period. Hedge funds and other institutional investors own 71.38% of the company’s stock.
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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