Lands’ End, Inc. (NASDAQ:LE) major shareholder Edward S. Lampert bought 550,100 shares of Lands’ End stock in a transaction that occurred on Monday, July 24th. The stock was purchased at an average price of $13.48 per share, for a total transaction of $7,415,348.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
Shares of Lands’ End, Inc. (NASDAQ:LE) traded up 2.27% during mid-day trading on Monday, hitting $13.50. The stock had a trading volume of 336,136 shares. The company’s market cap is $432.39 million. The firm’s 50 day moving average price is $14.59 and its 200-day moving average price is $17.81. Lands’ End, Inc. has a one year low of $12.90 and a one year high of $24.80.
Lands’ End (NASDAQ:LE) last released its earnings results on Tuesday, June 6th. The company reported ($0.24) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.25) by $0.01. The firm had revenue of $268.37 million during the quarter, compared to analyst estimates of $270.10 million. Lands’ End had a negative net margin of 8.41% and a negative return on equity of 0.07%. The business’s revenue was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.18) EPS. On average, equities research analysts anticipate that Lands’ End, Inc. will post $0.19 earnings per share for the current fiscal year.
A number of research analysts recently weighed in on the company. Craig Hallum set a $15.00 target price on Lands’ End and gave the company a “hold” rating in a report on Wednesday, June 21st. Zacks Investment Research lowered Lands’ End from a “hold” rating to a “sell” rating in a research report on Tuesday, June 13th. TheStreet lowered Lands’ End from a “c-” rating to a “d+” rating in a research report on Thursday, June 8th. Finally, ValuEngine raised Lands’ End from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $15.00.
Several hedge funds and other institutional investors have recently made changes to their positions in LE. American International Group Inc. raised its position in shares of Lands’ End by 7.1% in the first quarter. American International Group Inc. now owns 9,188 shares of the company’s stock worth $197,000 after buying an additional 608 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its position in shares of Lands’ End by 4.3% in the first quarter. Metropolitan Life Insurance Co. NY now owns 12,231 shares of the company’s stock worth $262,000 after buying an additional 500 shares in the last quarter. Penserra Capital Management LLC raised its position in shares of Lands’ End by 77.2% in the first quarter. Penserra Capital Management LLC now owns 17,819 shares of the company’s stock worth $382,000 after buying an additional 7,762 shares in the last quarter. OZ Management LP bought a new position in shares of Lands’ End during the first quarter worth approximately $388,000. Finally, SG Americas Securities LLC bought a new position in shares of Lands’ End during the first quarter worth approximately $389,000. 62.76% of the stock is owned by institutional investors and hedge funds.
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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