Insider Buying: Lands’ End Inc. (LE) Major Shareholder Acquires 102,375 Shares of Stock
Lands’ End Inc. (NASDAQ:LE) major shareholder Edward S. Lampert bought 102,375 shares of Lands’ End stock in a transaction dated Friday, October 7th. The stock was acquired at an average cost of $15.00 per share, with a total value of $1,535,625.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Shares of Lands’ End Inc. (NASDAQ:LE) traded down 0.13% on Wednesday, hitting $14.89. 66,440 shares of the stock were exchanged. The firm’s 50 day moving average price is $17.05 and its 200 day moving average price is $18.42. Lands’ End Inc. has a one year low of $14.03 and a one year high of $27.60. The firm’s market cap is $476.91 million.
Lands’ End (NASDAQ:LE) last announced its quarterly earnings data on Thursday, September 1st. The company reported ($0.06) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by $0.08. The company had revenue of $292 million for the quarter, compared to analyst estimates of $292.25 million. Lands’ End had a positive return on equity of 6.51% and a negative net margin of 2.66%. Lands’ End’s revenue was down 6.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.23 earnings per share. Equities analysts anticipate that Lands’ End Inc. will post $0.49 earnings per share for the current year.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/12/insider-buying-lands-end-inc-le-major-shareholder-acquires-102375-shares-of-stock.html
A number of equities research analysts have recently commented on the stock. Zacks Investment Research cut shares of Lands’ End from a “hold” rating to a “sell” rating in a report on Wednesday, September 28th. CL King lowered shares of Lands’ End from a “buy” rating to a “neutral” rating in a research note on Monday, September 26th.
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Cubist Systematic Strategies LLC bought a new position in shares of Lands’ End during the second quarter valued at $129,000. Paloma Partners Management Co raised its position 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 valued at $201,000 after buying an additional 507 shares in the last quarter. Zacks Investment Management bought a new position in shares of Lands’ End during the second quarter valued at $218,000. Trexquant Investment LP bought a new position in shares of Lands’ End during the second quarter valued at $224,000. Finally, Alliancebernstein L.P. raised its position 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 valued at $332,000 after buying an additional 8,200 shares in the last quarter. 71.31% of the stock is owned by institutional investors.
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.
Receive News & Ratings for Lands' End Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lands' End Inc. and related companies with MarketBeat.com's FREE daily email newsletter.