Lands’ End Inc. (LE) Major Shareholder Acquires $187,018.40 in Stock
Lands’ End Inc. (NASDAQ:LE) major shareholder Edward S. Lampert acquired 12,560 shares of the business’s stock in a transaction that occurred on Thursday, October 13th. The stock was bought at an average cost of $14.89 per share, for a total transaction of $187,018.40. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
Shares of Lands’ End Inc. (NASDAQ:LE) traded down 2.50% during midday trading on Monday, reaching $14.85. 115,627 shares of the company’s stock traded hands. The stock’s market cap is $475.63 million. Lands’ End Inc. has a 12 month low of $14.03 and a 12 month high of $27.60. The stock has a 50 day moving average of $16.75 and a 200-day moving average of $18.13.
Lands’ End (NASDAQ:LE) last released its quarterly earnings results on Thursday, September 1st. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $292 million for the quarter, compared to the consensus estimate of $292.25 million. During the same period in the previous year, the business earned $0.23 earnings per share. The firm’s revenue for the quarter was down 6.5% on a year-over-year basis. On average, equities research analysts forecast that Lands’ End Inc. will post $0.49 EPS for the current fiscal year.
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Several research firms recently commented on LE. Zacks Investment Research raised shares of Lands’ End from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 3rd. CL King cut shares of Lands’ End from a “buy” rating to a “neutral” rating in a research report on Monday, September 26th.
Hedge funds have recently made changes to their positions in the company. 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 valued at $64,324,000 after buying an additional 42,199 shares during the last quarter. Alliancebernstein L.P. increased its position in 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 during the last quarter. Trexquant Investment LP acquired a new position in Lands’ End during the second quarter valued at $224,000. BlackRock Investment Management LLC increased its position in Lands’ End by 6.5% in the second quarter. BlackRock Investment Management LLC now owns 64,041 shares of the company’s stock valued at $1,052,000 after buying an additional 3,894 shares during the last quarter. Finally, Vanguard Group Inc. increased 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. 71.38% of the stock is currently owned by institutional investors and hedge funds.
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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