Lands’ End (LE) Earning Somewhat Critical News Coverage, Report Shows
Media stories about Lands’ End (NASDAQ:LE) have trended somewhat negative this week, Alpha One reports. The research firm, a unit of Accern, identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real time. Alpha One ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Lands’ End earned a coverage optimism score of -0.12 on Alpha One’s scale. Alpha One also assigned media stories about the company an impact score of 0 out of 100, indicating that recent news coverage is extremely unlikely to have an effect on the stock’s share price in the next several days.
These are some of the media stories that may have effected AlphaOne Sentiment Analysis’s rankings:
- Should You Get Rid of Lands' End (LE) Now? (finance.yahoo.com)
- Lands’ End, Inc. (LE) CEO Buys $162,500.00 in Stock (americanbankingnews.com)
- Lands’ End Launches First-Ever Love Learning Art Contest (finance.yahoo.com)
- Lands’ End, Inc. (LE) Downgraded to “Sell” at Zacks Investment Research (americanbankingnews.com)
- Jerome Griffith Purchases 21,310 Shares of Lands’ End, Inc. (LE) Stock (americanbankingnews.com)
Lands’ End (NASDAQ LE) traded up 5.86% during midday trading on Friday, hitting $16.25. The stock had a trading volume of 156,923 shares. The company’s market cap is $520.47 million. Lands’ End has a 1-year low of $14.03 and a 1-year high of $24.80. The company’s 50 day moving average is $18.88 and its 200 day moving average is $18.26.
Lands’ End (NASDAQ:LE) last released its quarterly earnings results on Tuesday, June 6th. The company reported ($0.24) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.01. Lands’ End had a negative net margin of 8.41% and a negative return on equity of 0.07%. The company had revenue of $268.37 million during the quarter, compared to the consensus estimate of $270.10 million. During the same period in the previous year, the business earned ($0.18) earnings per share. The firm’s quarterly revenue was down 1.9% on a year-over-year basis. On average, equities analysts anticipate that Lands’ End will post $0.19 earnings per share for the current fiscal year.
Several brokerages recently issued reports on LE. Zacks Investment Research lowered Lands’ End from a “hold” rating to a “sell” rating in a research note on Tuesday. TheStreet lowered Lands’ End from a “c-” rating to a “d+” rating in a research note on Thursday, June 8th. ValuEngine upgraded Lands’ End from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Craig Hallum lowered Lands’ End from a “buy” rating to a “hold” rating in a research note on Thursday, February 23rd. One investment analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. Lands’ End currently has a consensus rating of “Hold”.
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In other Lands’ End news, CEO Jerome Griffith purchased 21,310 shares of the company’s stock in a transaction dated Friday, June 9th. The stock was bought at an average cost of $15.46 per share, for a total transaction of $329,452.60. Following the completion of the transaction, the chief executive officer now owns 46,407 shares in the company, valued at $717,452.22. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last quarter, insiders bought 41,932 shares of company stock valued at $698,232. 0.51% of the stock is owned by company insiders.
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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