Edward S. Lampert Buys 12,560 Shares of Lands’ End Inc. (LE) Stock
Lands’ End Inc. (NASDAQ:LE) major shareholder Edward S. Lampert purchased 12,560 shares of the stock in a transaction dated Thursday, October 13th. The shares were bought at an average cost of $14.89 per share, for a total transaction of $187,018.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Major 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) opened at 14.80 on Wednesday. The firm’s 50 day moving average is $16.65 and its 200 day moving average is $18.06. The firm’s market capitalization is $474.03 million. Lands’ End Inc. has a 1-year low of $14.03 and a 1-year high of $27.60.
Lands’ End (NASDAQ:LE) last posted its earnings results on Thursday, September 1st. The company reported ($0.06) earnings per share (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 business’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.23 earnings per share. Analysts anticipate that Lands’ End Inc. will post $0.49 EPS for the current fiscal year.
Several large investors have recently modified their holdings of LE. Cubist Systematic Strategies LLC bought a new stake in shares of Lands’ End during the second quarter worth $129,000. Paloma Partners Management Co boosted 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 in the last quarter. Zacks Investment Management bought a new stake in shares of Lands’ End during the second quarter worth $218,000. Trexquant Investment LP bought a new stake in shares of Lands’ End during the second quarter worth $224,000. Finally, Alliancebernstein L.P. boosted its stake in shares of Lands’ End by 68.3% in the second quarter. Alliancebernstein L.P. now owns 20,200 shares of the company’s stock worth $332,000 after buying an additional 8,200 shares in the last quarter. Institutional investors and hedge funds own 71.38% of the company’s stock.
A number of equities research analysts recently commented on LE shares. Zacks Investment Research raised shares of Lands’ End from a “sell” rating to a “hold” rating in a research note on Wednesday, September 14th. CL King cut shares of Lands’ End from a “buy” rating to a “neutral” rating in a research note on Monday, September 26th.
About Lands’ End
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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