Insider Buying: Lands’ End Inc. (LE) Major Shareholder Acquires 102,375 Shares of Stock
Lands’ End Inc. (NASDAQ:LE) major shareholder Edward S. Lampert acquired 102,375 shares of the firm’s stock in a transaction dated Friday, October 7th. The shares were acquired at an average price of $15.00 per share, with a total value of $1,535,625.00. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Lands’ End Inc. (NASDAQ:LE) traded down 0.13% during trading on Wednesday, hitting $14.89. The company had a trading volume of 66,440 shares. The stock’s market capitalization is $476.91 million. The firm’s 50 day moving average is $17.05 and its 200-day moving average is $18.42. Lands’ End Inc. has a 52-week low of $14.03 and a 52-week high of $27.60.
Lands’ End (NASDAQ:LE) last posted its quarterly earnings results on Thursday, September 1st. The company reported ($0.06) 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 analyst estimates 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% on a year-over-year basis. During the same quarter last year, the firm earned $0.23 EPS. On average, equities analysts forecast that Lands’ End Inc. will post $0.49 earnings per share for the current year.
Several analysts have recently commented on LE shares. Zacks Investment Research lowered Lands’ End from a “hold” rating to a “sell” rating in a 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.
Several institutional investors have recently bought and sold shares of LE. Point72 Asset Management L.P. acquired a new position in Lands’ End during the second quarter valued at approximately $1,232,000. Cubist Systematic Strategies LLC acquired a new position in Lands’ End during the second quarter valued at approximately $129,000. Paloma Partners Management Co increased 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 period. Zacks Investment Management acquired a new position in Lands’ End during the second quarter valued at approximately $218,000. Finally, Janus Capital Management LLC increased its position 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 valued at $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.
Receive News & Stock Ratings for Lands' End Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lands' End Inc. and related stocks with our FREE daily email newsletter.