Lands’ End, Inc. (LE) Major Shareholder Buys C$199,304.49 in Stock

Lands’ End, Inc. (NASDAQ:LE) major shareholder Edward S. Lampert acquired 18,403 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The shares were bought at an average cost of C$10.83 per share, with a total value of C$199,304.49. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Shares of Lands’ End, Inc. (NASDAQ:LE) opened at C$12.95 on Friday. 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, Inc. has a 12-month low of C$10.55 and a 12-month high of C$24.80.

Lands’ End (NASDAQ:LE) last announced its earnings results on Thursday, August 31st. The company reported C($0.12) earnings per share (EPS) for the quarter, meeting the consensus estimate of C($0.12). The company had revenue of C$302.19 million during the quarter, compared to analyst estimates of C$292.59 million. Lands’ End had a negative net margin of 8.48% and a negative return on equity of 0.73%. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.06) earnings per share. analysts forecast that Lands’ End, Inc. will post 0.04 earnings per share for the current fiscal year.

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LE has been the subject of several recent research reports. Zacks Investment Research lowered shares of Lands’ End from a “buy” rating to a “hold” rating in a research report on Wednesday, September 27th. BidaskClub upgraded shares of Lands’ End from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 31st. One equities research analyst has rated the stock with a sell rating and three have issued a hold rating to the company. The company has an average rating of “Hold” and an average price target of C$14.00.

A number of hedge funds and other institutional investors have recently made changes to their positions in LE. Janus Henderson Group PLC bought a new position in shares of Lands’ End in the second quarter worth approximately $56,050,000. Frontier Capital Management Co. LLC bought a new position in shares of Lands’ End in the third quarter worth approximately $5,697,000. Penserra Capital Management LLC boosted its position in shares of Lands’ End by 327.0% in the second quarter. Penserra Capital Management LLC now owns 76,086 shares of the company’s stock worth $1,133,000 after purchasing an additional 58,267 shares during the period. Vanguard Group Inc. boosted its position in shares of Lands’ End by 4.4% in the first quarter. Vanguard Group Inc. now owns 1,138,476 shares of the company’s stock worth $24,421,000 after purchasing an additional 47,488 shares during the period. Finally, Morgan Stanley boosted its position in shares of Lands’ End by 82.8% in the first quarter. Morgan Stanley now owns 93,316 shares of the company’s stock worth $2,002,000 after purchasing an additional 42,268 shares during the period. Institutional investors own 62.06% of the company’s stock.

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.

Insider Buying and Selling by Quarter for Lands` End (NASDAQ:LE)

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