Lands’ End, Inc. (LE) Major Shareholder Buys $1,727,496.96 in Stock
Lands’ End, Inc. (NASDAQ:LE) major shareholder Edward S. Lampert acquired 128,534 shares of the firm’s stock in a transaction dated Friday, July 21st. The stock was bought at an average price of $13.44 per share, with a total value of $1,727,496.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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. (LE) opened at 13.30 on Friday. Lands’ End, Inc. has a 12 month low of $13.15 and a 12 month high of $24.80. The stock’s market cap is $425.99 million. The company has a 50 day moving average of $15.19 and a 200 day moving average of $17.95.
Lands’ End (NASDAQ:LE) last issued its quarterly earnings data on Tuesday, June 6th. The company reported ($0.24) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.25) by $0.01. The firm had revenue of $268.37 million during the quarter, compared to analysts’ expectations of $270.10 million. Lands’ End had a negative net margin of 8.41% and a negative return on equity of 0.07%. The business’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.18) earnings per share. Equities research analysts expect that Lands’ End, Inc. will post $0.19 earnings per share for the current fiscal year.
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A number of analysts recently weighed in on LE shares. Zacks Investment Research cut shares of Lands’ End from a “hold” rating to a “sell” rating in a report on Tuesday, June 13th. TheStreet cut shares of Lands’ End from a “c-” rating to a “d+” rating in a report on Thursday, June 8th. ValuEngine upgraded shares of Lands’ End from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Craig Hallum set a $15.00 target price on shares of Lands’ End and gave the stock a “hold” rating in a report on Wednesday, June 21st. One investment analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $15.00.
A number of hedge funds and other institutional investors have recently modified their holdings of LE. Janus Capital Management LLC boosted its position in shares of Lands’ End by 0.9% in the first quarter. Janus Capital Management LLC now owns 3,796,295 shares of the company’s stock worth $81,431,000 after buying an additional 33,925 shares in the last quarter. Credit Suisse AG boosted its position in Lands’ End by 84.7% in the first quarter. Credit Suisse AG now owns 31,995 shares of the company’s stock valued at $686,000 after buying an additional 14,677 shares during the period. Metropolitan Life Insurance Co. NY boosted its position in Lands’ End by 4.3% in the first quarter. Metropolitan Life Insurance Co. NY now owns 12,231 shares of the company’s stock valued at $262,000 after buying an additional 500 shares during the period. Bank of America Corp DE boosted its position in Lands’ End by 1.2% in the first quarter. Bank of America Corp DE now owns 78,859 shares of the company’s stock valued at $1,691,000 after buying an additional 971 shares during the period. Finally, OZ Management LP bought a new position in Lands’ End during the first quarter valued at $388,000. Hedge funds and other institutional investors own 62.70% 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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