Lands’ End, Inc. (NASDAQ:LE) posted its earnings results on Thursday. The company reported ($0.12) EPS for the quarter, hitting analysts’ consensus estimates of ($0.12), MarketWatch Earnings reports. The company had revenue of $302.19 million for the quarter, compared to the consensus estimate of $292.59 million. Lands’ End had a negative return on equity of 0.07% and a negative net margin of 8.41%. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the previous year, the business earned ($0.06) earnings per share.

Shares of Lands’ End (NASDAQ LE) opened at 13.85 on Thursday. Lands’ End has a 52 week low of $11.75 and a 52 week high of $24.80. The firm’s 50-day moving average price is $13.39 and its 200 day moving average price is $17.45. The company’s market capitalization is $443.60 million.

In other Lands’ End news, major shareholder Edward S. Lampert acquired 1,221,300 shares of the company’s stock in a transaction dated Wednesday, July 26th. The stock was bought at an average price of $13.35 per share, with a total value of $16,304,355.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Edward S. Lampert acquired 128,534 shares of the company’s stock in a transaction dated Friday, July 21st. The stock was acquired at an average cost of $13.44 per share, with a total value of $1,727,496.96. The disclosure for this purchase can be found here. Insiders bought 2,334,331 shares of company stock valued at $30,981,963 in the last three months. Company insiders own 0.51% of the company’s stock.

Several large investors have recently added to or reduced their stakes in LE. Dimensional Fund Advisors LP raised 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. Teachers Advisors LLC raised its stake in Lands’ End by 22.9% in the fourth quarter. Teachers Advisors LLC now owns 53,803 shares of the company’s stock worth $815,000 after buying an additional 10,025 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Lands’ End by 2.5% in the first quarter. Bank of New York Mellon Corp now owns 71,676 shares of the company’s stock worth $1,538,000 after buying an additional 1,734 shares during the last quarter. Teton Advisors Inc. raised its stake in Lands’ End by 25.5% in the first quarter. Teton Advisors Inc. now owns 69,000 shares of the company’s stock worth $1,480,000 after buying an additional 14,000 shares during the last quarter. Finally, Gamco Investors INC. ET AL raised its stake in Lands’ End by 44.6% in the first quarter. Gamco Investors INC. ET AL now owns 40,048 shares of the company’s stock worth $859,000 after buying an additional 12,348 shares during the last quarter. 60.64% of the stock is owned by institutional investors.

WARNING: “Lands’ End, Inc. (LE) Posts Earnings Results, Hits Expectations” was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece on another site, it was copied illegally and republished in violation of US and international copyright and trademark laws. The legal version of this piece can be accessed at https://www.thecerbatgem.com/2017/08/31/lands-end-inc-le-posts-earnings-results-hits-expectations.html.

LE has been the topic of a number of research analyst reports. ValuEngine upgraded Lands’ End from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. TheStreet cut Lands’ End from a “c-” rating to a “d+” rating in a research note on Thursday, June 8th. Zacks Investment Research cut Lands’ End from a “hold” rating to a “sell” rating in a research note on Tuesday, June 13th. Craig Hallum set a $15.00 price objective on Lands’ End and gave the stock a “hold” rating in a research note on Wednesday, June 21st. Finally, BidaskClub raised Lands’ End from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 10th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. The stock 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.

Earnings History for Lands` End (NASDAQ:LE)

Receive News & Stock Ratings for Lands' End Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lands' End Inc. and related stocks with our FREE daily email newsletter.