Lands’ End, Inc. (LE) Major Shareholder Buys $660,591.46 in Stock
Lands’ End, Inc. (NASDAQ:LE) major shareholder Edward S. Lampert purchased 60,218 shares of Lands’ End stock in a transaction on Thursday, November 2nd. The stock was bought at an average price of $10.97 per share, for a total transaction of $660,591.46. The purchase was disclosed in a document filed with the SEC, which is available through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
Lands’ End (NASDAQ:LE) last released its quarterly earnings data on Thursday, August 31st. The company reported ($0.12) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.12). The firm had revenue of $302.19 million for the quarter, compared to the consensus estimate of $292.59 million. Lands’ End had a negative return on equity of 0.73% and a negative net margin of 8.48%. The company’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.06) earnings per share.
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LE has been the topic of several research analyst reports. Zacks Investment Research upgraded Lands’ End from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a research report on Saturday, September 9th. BidaskClub upgraded Lands’ End from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 10th. One analyst has rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $14.00.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Metropolitan Life Insurance Co. NY increased its holdings in shares of Lands’ End by 4.3% in the first quarter. Metropolitan Life Insurance Co. NY now owns 12,231 shares of the company’s stock worth $262,000 after buying an additional 500 shares during the period. American International Group Inc. grew its stake in shares of Lands’ End by 7.1% in the first quarter. American International Group Inc. now owns 9,188 shares of the company’s stock worth $197,000 after purchasing an additional 608 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Lands’ End by 1.2% in the first quarter. Bank of America Corp DE now owns 78,859 shares of the company’s stock worth $1,691,000 after purchasing an additional 971 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Lands’ End by 1.5% in the second quarter. Bank of New York Mellon Corp now owns 72,779 shares of the company’s stock worth $1,084,000 after purchasing an additional 1,103 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Lands’ End by 4.7% in the first quarter. Geode Capital Management LLC now owns 134,377 shares of the company’s stock worth $2,882,000 after purchasing an additional 5,999 shares during the last quarter. Hedge funds and other institutional investors own 60.54% 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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