Lands’ End, Inc. (LE) Holdings Reduced by Parametric Portfolio Associates LLC

Parametric Portfolio Associates LLC lowered its position in Lands’ End, Inc. (NASDAQ:LE) by 17.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,507 shares of the company’s stock after selling 20,140 shares during the quarter. Parametric Portfolio Associates LLC owned 0.29% of Lands’ End worth $1,393,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. American International Group Inc. increased its position in shares of Lands’ End by 7.1% in 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. Metropolitan Life Insurance Co. NY increased its position in shares of Lands’ End by 4.3% in 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. Credit Suisse AG increased its position in shares of Lands’ End by 84.7% in the 1st quarter. Credit Suisse AG now owns 31,995 shares of the company’s stock worth $686,000 after purchasing an additional 14,677 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Lands’ End by 1.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 72,779 shares of the company’s stock worth $1,084,000 after purchasing an additional 1,103 shares during the last quarter. Finally, Penserra Capital Management LLC increased its position in shares of Lands’ End by 327.0% in the 2nd 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 last quarter. Hedge funds and other institutional investors own 62.34% of the company’s stock.

LE has been the subject of several research analyst reports. BidaskClub raised shares of Lands’ End from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 25th. Zacks Investment Research raised shares of Lands’ End from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $14.00.

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Lands’ End, Inc. (NASDAQ:LE) opened at $11.50 on Wednesday. The company has a quick ratio of 0.90, a current ratio of 2.29 and a debt-to-equity ratio of 1.86. Lands’ End, Inc. has a one year low of $10.55 and a one year high of $24.80.

Lands’ End (NASDAQ:LE) last posted its earnings results on Thursday, August 31st. The company reported ($0.12) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.12). The firm had revenue of $302.19 million during 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 was up 3.5% on a year-over-year basis. During the same period in the previous year, the business posted ($0.06) EPS. research analysts forecast that Lands’ End, Inc. will post 0.04 earnings per share for the current fiscal year.

In related news, major shareholder Edward S. Lampert purchased 100,000 shares of Lands’ End stock in a transaction dated Tuesday, August 22nd. The stock was bought at an average cost of $12.46 per share, with a total value of $1,246,000.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Edward S. Lampert purchased 752,349 shares of Lands’ End stock in a transaction dated Friday, September 1st. The stock was bought at an average cost of $12.54 per share, with a total value of $9,434,456.46. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 1,222,536 shares of company stock valued at $14,841,049. Company insiders own 0.51% 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.

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Institutional Ownership by Quarter for Lands` End (NASDAQ:LE)

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