Insider Buying: Lands’ End Inc. (LE) Major Shareholder Buys 59,890 Shares of Stock
Lands’ End Inc. (NASDAQ:LE) major shareholder Edward S. Lampert acquired 59,890 shares of the firm’s stock in a transaction on Tuesday, October 11th. The shares were acquired at an average price of $14.89 per share, with a total value of $891,762.10. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
Lands’ End Inc. (NASDAQ:LE) traded down 0.13% during midday trading on Wednesday, hitting $14.89. The stock had a trading volume of 66,440 shares. The firm’s market cap is $476.91 million. Lands’ End Inc. has a 52 week low of $14.03 and a 52 week high of $27.60. The stock has a 50-day moving average of $17.05 and a 200-day moving average of $18.42.
Lands’ End (NASDAQ:LE) last released its quarterly earnings data on Thursday, September 1st. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by $0.08. The company earned $292 million during the quarter, compared to the consensus estimate of $292.25 million. Lands’ End had a negative net margin of 2.66% and a positive return on equity of 6.51%. The company’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.23 EPS. Analysts forecast that Lands’ End Inc. will post $0.49 EPS for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in LE. 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 in the last quarter. Vanguard Group Inc. boosted its position in Lands’ End by 2.0% in the second quarter. Vanguard Group Inc. now owns 1,115,264 shares of the company’s stock worth $18,311,000 after buying an additional 21,826 shares during the last quarter. Olstein Capital Management L.P. boosted its position in Lands’ End by 79.8% in the second quarter. Olstein Capital Management L.P. now owns 152,970 shares of the company’s stock worth $2,512,000 after buying an additional 67,870 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Lands’ End by 2.1% in the second quarter. Dimensional Fund Advisors LP now owns 136,548 shares of the company’s stock worth $2,242,000 after buying an additional 2,824 shares during the last quarter. Finally, Royce & Associates LP boosted its position in Lands’ End by 4.2% in the second quarter. Royce & Associates LP now owns 99,000 shares of the company’s stock worth $1,626,000 after buying an additional 4,000 shares during the last quarter. Institutional investors and hedge funds own 71.31% of the company’s stock.
LE has been the subject of a number of research reports. Zacks Investment Research upgraded Lands’ End from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 3rd. CL King lowered Lands’ End from a “buy” rating to a “neutral” rating in a research 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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