Lands’ End, Inc. (NASDAQ:LE) major shareholder Edward S. Lampert acquired 100,000 shares of Lands’ End stock in a transaction dated Tuesday, August 22nd. The shares were purchased at an average price of $12.46 per share, for a total transaction of $1,246,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Lands’ End, Inc. (NASDAQ:LE) opened at 12.90 on Friday. Lands’ End, Inc. has a 52-week low of $11.75 and a 52-week high of $24.80. The company’s market capitalization is $413.17 million. The company’s 50-day moving average price is $13.44 and its 200 day moving average price is $17.47.
Lands’ End (NASDAQ:LE) last released its quarterly earnings results on Tuesday, June 6th. The company reported ($0.24) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.25) by $0.01. The firm had revenue of $268.37 million for 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 for the quarter was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.18) EPS. On average, equities analysts expect that Lands’ End, Inc. will post $0.19 EPS for the current fiscal year.
Several equities analysts have recently commented on LE shares. Zacks Investment Research lowered Lands’ End from a “hold” rating to a “sell” rating in a research report on Tuesday, June 13th. BidaskClub upgraded Lands’ End from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 10th. TheStreet lowered Lands’ End from a “c-” rating to a “d+” rating in a research report on Thursday, June 8th. ValuEngine upgraded Lands’ End from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Craig Hallum set a $15.00 price objective on Lands’ End and gave the company a “hold” rating in a research report on Wednesday, June 21st. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company. The stock has an average rating of “Hold” and an average price target of $15.00.
Several hedge funds have recently added to or reduced their stakes in LE. Metropolitan Life Insurance Co. NY raised its stake in Lands’ End by 4.3% in the first quarter. Metropolitan Life Insurance Co. NY now owns 12,231 shares of the company’s stock valued at $262,000 after buying an additional 500 shares during the last quarter. American International Group Inc. raised its stake in Lands’ End by 7.1% in the first quarter. American International Group Inc. now owns 9,188 shares of the company’s stock valued at $197,000 after buying an additional 608 shares during the last quarter. Bank of America Corp DE raised its stake in Lands’ End by 1.2% in the first quarter. Bank of America Corp DE now owns 78,859 shares of the company’s stock valued at $1,691,000 after buying an additional 971 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Lands’ End by 1.5% in the second quarter. Bank of New York Mellon Corp now owns 72,779 shares of the company’s stock valued at $1,084,000 after buying an additional 1,103 shares during the last quarter. Finally, 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. 62.58% of the stock is currently owned by hedge funds and other institutional investors.
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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