Lands’ End Inc. (LE) Set to Announce Earnings on Thursday
Lands’ End Inc. (NASDAQ:LE) will be releasing its Q316 earnings data on Thursday, December 1st. Analysts expect Lands’ End to post earnings of ($0.05) per share and revenue of $303.61 million for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.
Lands’ End (NASDAQ:LE) last released its 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 firm earned $292 million during the quarter, compared to analysts’ expectations of $292.25 million. Lands’ End had a positive return on equity of 6.51% and a negative net margin of 2.66%. The firm’s revenue was down 6.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.23 earnings per share. On average, analysts expect Lands’ End to post $0.49 EPS for the current fiscal year and $0.73 EPS for the next fiscal year.
Lands’ End Inc. (NASDAQ:LE) opened at 17.80 on Wednesday. The firm has a 50 day moving average of $16.34 and a 200-day moving average of $16.52. Lands’ End Inc. has a one year low of $14.03 and a one year high of $27.60. The firm’s market cap is $570.12 million.
LE has been the subject of a number of research analyst reports. 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 lowered shares of Lands’ End from a “buy” rating to a “neutral” rating in a research note on Monday, September 26th.
In other news, major shareholder Edward S. Lampert purchased 22,244 shares of the business’s stock in a transaction dated Wednesday, October 19th. The shares were acquired at an average price of $14.98 per share, for a total transaction of $333,215.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Edward S. Lampert purchased 16,846 shares of the business’s stock in a transaction dated Monday, October 3rd. The shares were purchased at an average price of $14.60 per share, for a total transaction of $245,951.60. The disclosure for this purchase can be found here. Corporate insiders own 0.15% of the company’s stock.
Several large investors have recently added to or reduced their stakes in LE. BlackRock Fund Advisors raised its stake in Lands’ End by 9.4% in the third quarter. BlackRock Fund Advisors now owns 383,503 shares of the company’s stock worth $5,561,000 after buying an additional 32,991 shares in the last quarter. BlackRock Advisors LLC raised its stake in Lands’ End by 1.3% in the third quarter. BlackRock Advisors LLC now owns 7,304 shares of the company’s stock worth $106,000 after buying an additional 91 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Lands’ End by 2.1% in the third quarter. Bank of New York Mellon Corp now owns 60,911 shares of the company’s stock worth $883,000 after buying an additional 1,226 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in Lands’ End during the second quarter worth about $1,232,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in Lands’ End during the second quarter worth about $129,000. Institutional investors and hedge funds own 69.26% of the company’s stock.
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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