Lands’ End, Inc. (LE) Posts Earnings Results, Hits Expectations
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.
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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.
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