Lands’ End, Inc. (NASDAQ:LE) major shareholder Edward S. Lampert acquired 149,844 shares of the business’s stock in a transaction on Tuesday, October 31st. The shares were bought at an average cost of $10.81 per share, with a total value of $1,619,813.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
Lands’ End, Inc. (LE) opened at $11.30 on Friday. Lands’ End, Inc. has a twelve month low of $10.55 and a twelve month high of $24.80. The company has a current ratio of 2.29, a quick ratio of 0.90 and a debt-to-equity ratio of 1.86.
Lands’ End (NASDAQ:LE) last issued its quarterly earnings data on Thursday, August 31st. The company reported ($0.12) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.12). The company had revenue of $302.19 million during the quarter, compared to analysts’ expectations of $292.59 million. Lands’ End had a negative return on equity of 0.73% and a negative net margin of 8.48%. The business’s revenue was up 3.5% on a year-over-year basis. During the same period last year, the business earned ($0.06) earnings per share. sell-side analysts anticipate that Lands’ End, Inc. will post 0.04 earnings per share for the current fiscal year.
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Several large investors have recently made changes to their positions in the company. Gabelli Funds LLC increased its stake in shares of Lands’ End by 27.8% in the third quarter. Gabelli Funds LLC now owns 92,000 shares of the company’s stock valued at $1,214,000 after buying an additional 20,000 shares in the last quarter. Teton Advisors Inc. increased its stake in shares of Lands’ End by 27.5% in the third quarter. Teton Advisors Inc. now owns 88,000 shares of the company’s stock valued at $1,162,000 after buying an additional 19,000 shares in the last quarter. Gamco Investors INC. ET AL increased its stake in shares of Lands’ End by 94.8% in the third quarter. Gamco Investors INC. ET AL now owns 78,000 shares of the company’s stock valued at $1,030,000 after buying an additional 37,952 shares in the last quarter. Frontier Capital Management Co. LLC acquired a new stake in shares of Lands’ End in the third quarter valued at $5,697,000. Finally, Penserra Capital Management LLC increased its stake in shares of Lands’ End by 55.5% in the third quarter. Penserra Capital Management LLC now owns 118,346 shares of the company’s stock valued at $1,562,000 after buying an additional 42,260 shares in the last quarter. Institutional investors own 60.54% of the company’s stock.
A number of research analysts have issued reports on LE shares. BidaskClub raised Lands’ End from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 25th. Zacks Investment Research raised Lands’ End from a “sell” rating to a “hold” rating in a 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. Lands’ End currently has an average rating of “Hold” and an average target price of $14.00.
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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