Lands' End (LE) Releases Earnings Results, Beats Estimates By $0.16 EPS
Lands' End (NASDAQ:LE) issued its quarterly earnings results on Tuesday. The company reported $0.01 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.15) by $0.16, Briefing.com reports. Lands' End had a negative return on equity of 0.73% and a negative net margin of 8.48%. The company had revenue of $325.50 million for the quarter, compared to analysts’ expectations of $320.15 million. During the same quarter last year, the business earned ($0.14) earnings per share. Lands' End’s revenue was up 4.5% on a year-over-year basis.
Lands' End (NASDAQ LE) traded up $1.40 during trading on Wednesday, reaching $13.20. The company’s stock had a trading volume of 1,294,200 shares, compared to its average volume of 187,954. Lands' End has a 1 year low of $10.55 and a 1 year high of $24.80. The company has a current ratio of 2.29, a quick ratio of 0.90 and a debt-to-equity ratio of 1.86.
In other news, major shareholder Edward S. Lampert purchased 18,403 shares of Lands' End stock in a transaction dated Wednesday, November 8th. The shares were bought at an average cost of $10.83 per share, for a total transaction of $199,304.49. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Edward S. Lampert purchased 60,218 shares of Lands' End stock in a transaction dated Thursday, November 2nd. The shares were purchased at an average price of $10.97 per share, for a total transaction of $660,591.46. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 229,225 shares of company stock worth $2,489,658. Company insiders own 0.51% of the company’s stock.
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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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