Edward S. Lampert Purchases 10,861 Shares of Lands’ End Inc. (LE) Stock
Lands’ End Inc. (NASDAQ:LE) major shareholder Edward S. Lampert bought 10,861 shares of the stock in a transaction dated Wednesday, October 12th. The shares were bought at an average cost of $14.89 per share, with a total value of $161,720.29. 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 transactions with the SEC.
Shares of Lands’ End Inc. (NASDAQ:LE) traded down 0.13% during trading on Wednesday, reaching $14.89. 66,440 shares of the company’s stock were exchanged. The company’s market capitalization is $476.91 million. Lands’ End Inc. has a 12-month low of $14.03 and a 12-month high of $27.60. The stock has a 50-day moving average price of $17.05 and a 200 day moving average price of $18.42.
Lands’ End (NASDAQ:LE) last posted its quarterly earnings results on Thursday, September 1st. The company reported ($0.06) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.02 by $0.08. Lands’ End had a negative net margin of 2.66% and a positive return on equity of 6.51%. The business earned $292 million during the quarter, compared to analysts’ expectations of $292.25 million. During the same quarter last year, the firm earned $0.23 earnings per share. The firm’s quarterly revenue was down 6.5% compared to the same quarter last year. Equities analysts expect that Lands’ End Inc. will post $0.49 EPS for the current fiscal year.
Several hedge funds have recently bought and sold shares of the stock. Point72 Asset Management L.P. acquired a new stake in Lands’ End during the second quarter worth $1,232,000. Cubist Systematic Strategies LLC acquired a new stake in Lands’ End during the second quarter worth $129,000. Paloma Partners Management Co increased its stake in 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 Lands’ End during the second quarter worth $218,000. Finally, Janus Capital Management LLC increased its stake in 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. Hedge funds and other institutional investors own 71.31% of the company’s stock.
Several analysts recently weighed in on the company. Zacks Investment Research upgraded Lands’ End from a “sell” rating to a “hold” rating in a report on Wednesday, September 14th. CL King downgraded Lands’ End from a “buy” rating to a “neutral” rating in a report on Monday, September 26th.
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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