Lands’ End, Inc. (LE) Major Shareholder Acquires $199,304.49 in Stock
Lands’ End, Inc. (NASDAQ:LE) major shareholder Edward S. Lampert acquired 18,403 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The stock was acquired at an average price of $10.83 per share, with a total value of $199,304.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own at least 10% 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 $0.75 on Thursday, hitting $11.60. The company had a trading volume of 223,562 shares, compared to its average volume of 183,346. The company has a debt-to-equity ratio of 1.86, a current ratio of 2.29 and a quick ratio of 0.90. Lands’ End, Inc. has a 1-year low of $10.55 and a 1-year high of $24.80.
Lands’ End (NASDAQ:LE) last issued its quarterly earnings data on Thursday, August 31st. The company reported ($0.12) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.12). Lands’ End had a negative return on equity of 0.73% and a negative net margin of 8.48%. The business had revenue of $302.19 million during the quarter, compared to analyst estimates of $292.59 million. During the same period in the previous year, the firm earned ($0.06) EPS. Lands’ End’s quarterly revenue was up 3.5% compared to the same quarter last year. equities analysts forecast that Lands’ End, Inc. will post 0.04 EPS for the current year.
Institutional investors and hedge funds have recently modified their holdings of the stock. Janus Henderson Group PLC acquired a new position in Lands’ End during the 2nd quarter worth approximately $56,050,000. Vanguard Group Inc. boosted its position in Lands’ End by 4.4% during the 1st quarter. Vanguard Group Inc. now owns 1,138,476 shares of the company’s stock worth $24,421,000 after acquiring an additional 47,488 shares during the last quarter. Frontier Capital Management Co. LLC acquired a new position in Lands’ End during the 3rd quarter worth approximately $5,697,000. State Street Corp boosted its position in Lands’ End by 3.2% during the 2nd quarter. State Street Corp now owns 291,145 shares of the company’s stock worth $4,333,000 after acquiring an additional 9,030 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Lands’ End by 4.7% during the 1st quarter. Geode Capital Management LLC now owns 134,377 shares of the company’s stock worth $2,882,000 after acquiring an additional 5,999 shares during the last quarter. Institutional investors and hedge funds own 62.06% of the company’s stock.
Several equities analysts recently issued reports on the company. BidaskClub upgraded Lands’ End from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 31st. Zacks Investment Research upgraded Lands’ End from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $14.00.
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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