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.
COPYRIGHT VIOLATION WARNING: This piece of content was posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this piece of content on another website, it was illegally stolen and republished in violation of United States and international trademark and copyright laws. The legal version of this piece of content can be accessed at https://www.dispatchtribunal.com/2017/11/12/lands-end-inc-le-major-shareholder-buys-c199304-49-in-stock.html.
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.
Receive News & Ratings for Lands' End Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lands' End Inc. and related companies with MarketBeat.com's FREE daily email newsletter.