Lands’ End Inc. (LE) Major Shareholder Edward S. Lampert Buys 82,310 Shares
Lands’ End Inc. (NASDAQ:LE) major shareholder Edward S. Lampert bought 82,310 shares of the company’s stock in a transaction on Monday, October 10th. The stock was bought at an average cost of $14.92 per share, with a total value of $1,228,065.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
Shares of Lands’ End Inc. (NASDAQ:LE) traded down 0.13% on Wednesday, reaching $14.89. 66,440 shares of the company were exchanged. Lands’ End Inc. has a 12 month low of $14.03 and a 12 month high of $27.60. The company’s 50-day moving average price is $17.05 and its 200 day moving average price is $18.42. The company’s market cap is $476.91 million.
Lands’ End (NASDAQ:LE) last announced its quarterly earnings results on Thursday, September 1st. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by $0.08. The company had revenue of $292 million for the quarter, compared to the consensus estimate of $292.25 million. Lands’ End had a negative net margin of 2.66% and a positive return on equity of 6.51%. The company’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same period last year, the firm posted $0.23 earnings per share. On average, equities research analysts expect that Lands’ End Inc. will post $0.49 EPS for the current year.
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A number of research firms recently weighed in on LE. Zacks Investment Research raised shares of Lands’ End from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 3rd. CL King cut shares of Lands’ End from a “buy” rating to a “neutral” rating in a report on Monday, September 26th.
Large investors have recently made changes to their positions in the stock. Royal Bank of Canada raised its stake in shares of Lands’ End by 114.9% in the first quarter. Royal Bank of Canada now owns 19,957 shares of the company’s stock valued at $509,000 after buying an additional 154,295 shares during the period. Point72 Asset Management L.P. bought a new stake in shares of Lands’ End during the second quarter valued at about $1,232,000. Olstein Capital Management L.P. raised its stake in shares of 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 period. Janus Capital Management LLC raised 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 valued at $64,324,000 after buying an additional 42,199 shares during the period. Finally, Vanguard Group Inc. raised its stake in shares of 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 period. 71.31% of the stock is currently 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.
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