Lands’ End, Inc. (NASDAQ:LE) major shareholder Edward S. Lampert purchased 100,949 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were purchased at an average price of $13.00 per share, for a total transaction of $1,312,337.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Lands’ End, Inc. (LE) traded up 3.52% during mid-day trading on Friday, hitting $13.25. The stock had a trading volume of 307,089 shares. The company has a 50-day moving average of $13.95 and a 200-day moving average of $17.63. Lands’ End, Inc. has a 12-month low of $12.65 and a 12-month high of $24.80. The stock’s market cap is $424.38 million.
Lands’ End (NASDAQ:LE) last issued its quarterly earnings data on Tuesday, June 6th. The company reported ($0.24) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.01. The business had revenue of $268.37 million during the quarter, compared to analyst estimates of $270.10 million. Lands’ End had a negative return on equity of 0.07% and a negative net margin of 8.41%. The business’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.18) EPS. On average, analysts anticipate that Lands’ End, Inc. will post $0.19 earnings per share for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in the company. American International Group Inc. increased 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 worth $197,000 after buying an additional 608 shares during the period. Metropolitan Life Insurance Co. NY increased its stake 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 during the period. Penserra Capital Management LLC increased its stake 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 during the period. OZ Management LP bought a new stake in shares of Lands’ End during the first quarter worth approximately $388,000. Finally, SG Americas Securities LLC bought a new stake in shares of Lands’ End during the first quarter worth approximately $389,000. Hedge funds and other institutional investors own 62.76% of the company’s stock.
A number of research analysts recently issued reports on LE shares. Zacks Investment Research downgraded Lands’ End from a “hold” rating to a “sell” rating in a research note on Tuesday, June 13th. BidaskClub raised Lands’ End from a “strong sell” rating to a “sell” rating in a research report on Thursday. TheStreet cut Lands’ End from a “c-” rating to a “d+” rating in a research report on Thursday, June 8th. ValuEngine raised 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 stock a “hold” rating in a research report on Wednesday, June 21st. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. The stock presently has a consensus rating of “Hold” and an average target price 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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