Insider Buying: Lands’ End Inc. (LE) Major Shareholder Purchases 76,001 Shares of Stock
Lands’ End Inc. (NASDAQ:LE) major shareholder Edward S. Lampert purchased 76,001 shares of the company’s stock in a transaction that occurred on Thursday, October 6th. The shares were purchased at an average cost of $14.98 per share, for a total transaction of $1,138,494.98. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
Lands’ End Inc. (NASDAQ:LE) remained flat at $14.91 on Tuesday. 238,000 shares of the stock traded hands. The stock’s market cap is $477.55 million. Lands’ End Inc. has a one year low of $14.03 and a one year high of $27.60. The firm’s 50-day moving average price is $17.17 and its 200-day moving average price is $18.44.
Lands’ End (NASDAQ:LE) last posted its earnings results on Thursday, September 1st. The company reported ($0.06) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by $0.08. The business earned $292 million during the quarter, compared to the consensus estimate of $292.25 million. Lands’ End had a positive return on equity of 6.51% and a negative net margin of 2.66%. The business’s revenue was down 6.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.23 earnings per share. Analysts forecast that Lands’ End Inc. will post $0.49 earnings per share for the current year.
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Several research analysts have weighed in on LE shares. Zacks Investment Research lowered shares of Lands’ End from a “hold” rating to a “strong sell” rating in a report on Thursday, June 16th. CL King lowered shares of Lands’ End from a “buy” rating to a “neutral” rating in a report on Monday, September 26th.
Several hedge funds have recently modified their holdings of LE. Janus Capital Management LLC boosted its stake in shares of 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. Vanguard Group Inc. boosted its position in Lands’ End by 2.0% in the second quarter. Vanguard Group Inc. now owns 1,115,264 shares of the company’s stock valued at $18,311,000 after buying an additional 21,826 shares during the last quarter. Olstein Capital Management L.P. boosted its position in Lands’ End by 79.8% in the second quarter. Olstein Capital Management L.P. now owns 152,970 shares of the company’s stock valued at $2,512,000 after buying an additional 67,870 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Lands’ End by 2.1% in the second quarter. Dimensional Fund Advisors LP now owns 136,548 shares of the company’s stock valued at $2,242,000 after buying an additional 2,824 shares during the last quarter. Finally, Royce & Associates LP boosted its position in Lands’ End by 4.2% in the second quarter. Royce & Associates LP now owns 99,000 shares of the company’s stock valued at $1,626,000 after buying an additional 4,000 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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