Lands’ End Inc. (LE) Director Jonah Staw Buys 1,000 Shares
Lands’ End Inc. (NASDAQ:LE) Director Jonah Staw bought 1,000 shares of the business’s stock in a transaction dated Tuesday, October 4th. The shares were bought at an average price of $15.21 per share, with a total value of $15,210.00. Following the completion of the transaction, the director now owns 3,350 shares in the company, valued at approximately $50,953.50. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Shares of Lands’ End Inc. (NASDAQ:LE) remained flat at $15.00 during mid-day trading on Friday. The company’s stock had a trading volume of 41,820 shares. Lands’ End Inc. has a 12-month low of $14.03 and a 12-month high of $28.00. The company’s market capitalization is $480.44 million. The company’s 50 day moving average price is $17.38 and its 200-day moving average price is $18.74.
Lands’ End (NASDAQ:LE) last issued its quarterly earnings results on Thursday, September 1st. The company reported ($0.06) EPS for the quarter, missing the Zacks’ consensus estimate of $0.02 by $0.08. The business had revenue of $292 million for the quarter, compared to the consensus estimate of $292.25 million. Lands’ End had a positive return on equity of 6.51% and a negative net margin of 2.66%. The business’s revenue was down 6.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.23 earnings per share. On average, analysts anticipate that Lands’ End Inc. will post $0.49 earnings per share for the current fiscal year.
LE has been the subject of several recent analyst reports. Zacks Investment Research downgraded Lands’ End from a “hold” rating to a “sell” rating in a research report on Wednesday, September 28th. CL King downgraded Lands’ End from a “buy” rating to a “neutral” rating in a research report on Monday, September 26th.
A number of hedge funds have recently modified their holdings of LE. Point72 Asset Management L.P. acquired a new stake in shares of Lands’ End during the second quarter worth approximately $1,232,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Lands’ End during the second quarter worth approximately $129,000. Paloma Partners Management Co raised its stake in shares of Lands’ End by 4.3% in the second quarter. Paloma Partners Management Co now owns 12,255 shares of the company’s stock worth $201,000 after buying an additional 507 shares during the period. Zacks Investment Management acquired a new stake in shares of Lands’ End during the second quarter worth approximately $218,000. Finally, Janus Capital Management LLC raised its stake in shares of Lands’ End by 1.1% in the second quarter. Janus Capital Management LLC now owns 3,917,413 shares of the company’s stock worth $64,324,000 after buying an additional 42,199 shares during the period. Institutional investors and hedge funds 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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