Lands’ End, Inc. (LE) Major Shareholder Buys $155,180.40 in Stock
Lands’ End, Inc. (NASDAQ:LE) major shareholder Edward S. Lampert purchased 11,624 shares of the business’s stock in a transaction on Tuesday, July 25th. The stock was acquired at an average cost of $13.35 per share, with a total value of $155,180.40. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
Shares of Lands’ End, Inc. (NASDAQ:LE) opened at 13.20 on Monday. The firm has a 50-day moving average of $14.59 and a 200-day moving average of $17.81. Lands’ End, Inc. has a one year low of $12.90 and a one year high of $24.80. The firm’s market capitalization is $422.78 million.
Lands’ End (NASDAQ:LE) last posted its earnings results on Tuesday, June 6th. The company reported ($0.24) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.25) by $0.01. The company had revenue of $268.37 million during the quarter, compared to analyst estimates of $270.10 million. Lands’ End had a negative return on equity of 0.07% and a negative net margin of 8.41%. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.18) EPS. On average, equities analysts predict that Lands’ End, Inc. will post $0.19 earnings per share for the current fiscal year.
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Institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its stake in Lands’ End by 2.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 135,810 shares of the company’s stock valued at $2,058,000 after buying an additional 2,745 shares during the last quarter. State Street Corp boosted its stake in Lands’ End by 4.1% in the fourth quarter. State Street Corp now owns 283,599 shares of the company’s stock valued at $4,298,000 after buying an additional 11,123 shares during the last quarter. Janus Capital Management LLC boosted its stake in Lands’ End by 0.9% in the first quarter. Janus Capital Management LLC now owns 3,796,295 shares of the company’s stock valued at $81,431,000 after buying an additional 33,925 shares during the last quarter. Penserra Capital Management LLC boosted its stake in Lands’ End by 77.2% in the first quarter. Penserra Capital Management LLC now owns 17,819 shares of the company’s stock valued at $382,000 after buying an additional 7,762 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Lands’ End during the first quarter worth about $389,000. Institutional investors and hedge funds own 62.76% of the company’s stock.
A number of brokerages have weighed in on LE. TheStreet downgraded shares of Lands’ End from a “c-” rating to a “d+” rating in a report on Thursday, June 8th. Zacks Investment Research downgraded shares of Lands’ End from a “hold” rating to a “sell” rating in a report on Tuesday, June 13th. ValuEngine raised shares of Lands’ End from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Craig Hallum set a $15.00 price target on shares of Lands’ End and gave the company a “hold” rating in a report on Wednesday, June 21st. One equities research analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. Lands’ End currently has a consensus rating of “Hold” and an average price target of $15.00.
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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