Lands’ End Inc. (LE) Director Josephine Linden Acquires 5,000 Shares
Lands’ End Inc. (NASDAQ:LE) Director Josephine Linden bought 5,000 shares of the stock in a transaction on Thursday, September 29th. The shares were acquired at an average cost of $15.17 per share, for a total transaction of $75,850.00. Following the purchase, the director now owns 13,000 shares in the company, valued at $197,210. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Lands’ End Inc. (NASDAQ:LE) opened at 15.21 on Tuesday. The stock’s 50 day moving average is $17.53 and its 200 day moving average is $18.88. The firm’s market cap is $487.16 million. Lands’ End Inc. has a 12 month low of $14.03 and a 12 month high of $28.08.
Lands’ End (NASDAQ:LE) last released its quarterly earnings data on Thursday, September 1st. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by $0.08. The business earned $292 million during the quarter, compared to analysts’ expectations of $292.25 million. Lands’ End had a positive return on equity of 6.51% and a negative net margin of 2.66%. The company’s revenue was down 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 EPS. On average, equities analysts forecast that Lands’ End Inc. will post $0.49 earnings per share for the current year.
Several research analysts have recently weighed in on LE shares. Zacks Investment Research cut shares of Lands’ End from a “hold” rating to a “sell” rating in a research report on Wednesday, September 28th. 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 and other institutional investors have recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC acquired a new position in Lands’ End during the second quarter valued at about $129,000. Paloma Partners Management Co boosted its position in Lands’ End by 4.3% in the second quarter. Paloma Partners Management Co now owns 12,255 shares of the company’s stock valued at $201,000 after buying an additional 507 shares during the last quarter. Zacks Investment Management acquired a new position in Lands’ End during the second quarter valued at about $218,000. Trexquant Investment LP acquired a new position in Lands’ End during the second quarter valued at about $224,000. Finally, Royal Bank of Canada boosted its position in Lands’ End by 114.9% in the first quarter. Royal Bank of Canada now owns 19,957 shares of the company’s stock valued at $509,000 after buying an additional 154,295 shares during the last quarter. Hedge funds and other institutional investors own 71.31% 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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