Lands’ End, Inc. (NASDAQ:LE) major shareholder Edward S. Lampert purchased 18,403 shares of Lands’ End stock in a transaction dated Wednesday, November 8th. The shares were purchased at an average cost of $10.83 per share, for a total transaction of $199,304.49. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Shares of Lands’ End, Inc. (NASDAQ:LE) opened at $12.40 on Monday. Lands’ End, Inc. has a 52-week low of $10.55 and a 52-week high of $24.80. The company has a debt-to-equity ratio of 1.86, a current ratio of 2.29 and a quick ratio of 0.90.
Lands’ End (NASDAQ:LE) last released its quarterly earnings data on Thursday, August 31st. The company reported ($0.12) earnings per share for the quarter, hitting the consensus estimate of ($0.12). The company had revenue of $302.19 million for the quarter, compared to analyst estimates of $292.59 million. Lands’ End had a negative net margin of 8.48% and a negative return on equity of 0.73%. Lands’ End’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.06) EPS. sell-side analysts expect that Lands’ End, Inc. will post 0.04 earnings per share for the current year.
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LE has been the topic of several analyst reports. BidaskClub cut shares of Lands’ End from a “sell” rating to a “strong sell” rating in a research report on Wednesday, November 1st. Zacks Investment Research cut shares of Lands’ End from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $14.00.
Several institutional investors have recently added to or reduced their stakes in LE. American International Group Inc. increased its stake in shares of Lands’ End by 7.1% during the 1st quarter. American International Group Inc. now owns 9,188 shares of the company’s stock worth $197,000 after purchasing an additional 608 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Lands’ End by 57.8% during the 3rd quarter. Wells Fargo & Company MN now owns 14,928 shares of the company’s stock worth $197,000 after purchasing an additional 5,467 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of Lands’ End during the 2nd quarter worth about $199,000. Nationwide Fund Advisors increased its stake in shares of Lands’ End by 110.3% during the 3rd quarter. Nationwide Fund Advisors now owns 17,033 shares of the company’s stock worth $225,000 after purchasing an additional 8,934 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY increased its stake in shares of Lands’ End by 4.3% during the 1st quarter. Metropolitan Life Insurance Co. NY now owns 12,231 shares of the company’s stock worth $262,000 after purchasing an additional 500 shares during the last quarter. Institutional investors own 63.61% of the company’s stock.
About Lands’ End
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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