Lands’ End, Inc. (LE) Sets New 12-Month Low at $11.10

Lands’ End, Inc. (NASDAQ:LE) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as $11.10 and last traded at $11.10, with a volume of 184,583 shares traded. The stock had previously closed at $11.75.

Several research firms have weighed in on LE. BidaskClub downgraded shares of Lands’ End from a “sell” rating to a “strong sell” rating in a research report on Friday, August 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 given a hold rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $14.00.

The firm has a 50 day moving average of $12.42 and a 200-day moving average of $15.34. The company’s market cap is $341.01 million.

Lands’ End (NASDAQ:LE) last announced its quarterly earnings results on Thursday, August 31st. The company reported ($0.12) EPS for the quarter, meeting the Thomson Reuters’ 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%. The firm’s revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.06) earnings per share. On average, analysts expect that Lands’ End, Inc. will post $0.15 earnings per share for the current year.

In other Lands’ End news, major shareholder Edward S. Lampert bought 100,949 shares of the stock in a transaction dated Wednesday, August 2nd. The shares were acquired at an average cost of $13.00 per share, for a total transaction of $1,312,337.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jerome Griffith bought 20,000 shares of the stock in a transaction dated Tuesday, September 5th. The shares were acquired at an average price of $11.47 per share, for a total transaction of $229,400.00. Following the completion of the transaction, the chief executive officer now owns 81,717 shares of the company’s stock, valued at approximately $937,293.99. The disclosure for this purchase can be found here. Insiders acquired 1,161,772 shares of company stock worth $14,521,426 over the last quarter. 0.51% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in LE. Bank of New York Mellon Corp grew its position in shares of Lands’ End by 2.5% during the first quarter. Bank of New York Mellon Corp now owns 71,676 shares of the company’s stock worth $1,538,000 after acquiring an additional 1,734 shares during the last quarter. American International Group Inc. grew its position in shares of Lands’ End by 7.1% during the first quarter. American International Group Inc. now owns 9,188 shares of the company’s stock worth $197,000 after acquiring an additional 608 shares during the last quarter. California Public Employees Retirement System grew its position in shares of Lands’ End by 14.9% during the first quarter. California Public Employees Retirement System now owns 111,827 shares of the company’s stock worth $2,399,000 after acquiring an additional 14,500 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Lands’ End by 4.4% during the first quarter. Vanguard Group Inc. now owns 1,138,476 shares of the company’s stock worth $24,421,000 after acquiring an additional 47,488 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Lands’ End by 4.7% during the first quarter. Geode Capital Management LLC now owns 134,377 shares of the company’s stock worth $2,882,000 after acquiring an additional 5,999 shares during the last quarter. Institutional investors and hedge funds own 60.54% of the company’s stock.

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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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