Lands’ End Inc. (LE) Major Shareholder Edward S. Lampert Buys 76,001 Shares
Lands’ End Inc. (NASDAQ:LE) major shareholder Edward S. Lampert purchased 76,001 shares of the firm’s stock in a transaction dated Thursday, October 6th. The shares were bought at an average cost of $14.98 per share, with a total value of $1,138,494.98. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Lands’ End Inc. (NASDAQ:LE) opened at 14.91 on Wednesday. The firm’s market cap is $477.55 million. Lands’ End Inc. has a 12-month low of $14.03 and a 12-month high of $27.60. The firm has a 50-day moving average of $17.17 and a 200-day moving average of $18.44.
Lands’ End (NASDAQ:LE) last posted its earnings results on Thursday, September 1st. The company reported ($0.06) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by $0.08. Lands’ End had a positive return on equity of 6.51% and a negative net margin of 2.66%. The company earned $292 million during the quarter, compared to analyst estimates of $292.25 million. During the same quarter last year, the firm posted $0.23 earnings per share. The firm’s revenue for the quarter was down 6.5% compared to the same quarter last year. On average, analysts expect that Lands’ End Inc. will post $0.49 EPS for the current year.
A number of large investors have recently bought and sold shares of LE. Trexquant Investment LP bought a new stake in Lands’ End during the second quarter valued at $224,000. BlackRock Investment Management LLC raised its stake in Lands’ End by 6.5% in the second quarter. BlackRock Investment Management LLC now owns 64,041 shares of the company’s stock valued at $1,052,000 after buying an additional 3,894 shares during the period. Vanguard Group Inc. raised its stake in Lands’ End by 2.0% in the second quarter. Vanguard Group Inc. now owns 1,115,264 shares of the company’s stock valued at $18,311,000 after buying an additional 21,826 shares during the period. Dimensional Fund Advisors LP raised its stake in Lands’ End by 2.1% in the second quarter. Dimensional Fund Advisors LP now owns 136,548 shares of the company’s stock valued at $2,242,000 after buying an additional 2,824 shares during the period. Finally, Olstein Capital Management L.P. raised its stake 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 valued at $2,512,000 after buying an additional 67,870 shares during the period. Hedge funds and other institutional investors own 71.31% of the company’s stock.
LE has been the subject of a number of research reports. Zacks Investment Research downgraded shares of Lands’ End from a “hold” rating to a “sell” rating in a report on Wednesday, September 28th. CL King downgraded shares of 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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