Vanguard Group Inc. cut its position in shares of Lands' End, Inc. (NASDAQ:LE) by 9.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,036,325 shares of the company’s stock after selling 102,151 shares during the quarter. Vanguard Group Inc. owned about 3.24% of Lands' End worth $15,441,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the business. American International Group Inc. boosted its position in shares of Lands' End by 7.1% in the first quarter. American International Group Inc. now owns 9,188 shares of the company’s stock worth $197,000 after buying an additional 608 shares during the period. Metropolitan Life Insurance Co. NY boosted its position in shares of Lands' End by 4.3% in the first quarter. Metropolitan Life Insurance Co. NY now owns 12,231 shares of the company’s stock worth $262,000 after buying an additional 500 shares during the period. Credit Suisse AG boosted its position in shares of Lands' End by 84.7% in the first quarter. Credit Suisse AG now owns 31,995 shares of the company’s stock worth $686,000 after buying an additional 14,677 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Lands' End by 1.5% in the second quarter. Bank of New York Mellon Corp now owns 72,779 shares of the company’s stock worth $1,084,000 after buying an additional 1,103 shares during the period. Finally, 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 buying an additional 58,267 shares during the period. Institutional investors own 48.22% of the company’s stock.
Shares of Lands' End, Inc. (LE) traded up $0.15 on Monday, reaching $11.80. The company had a trading volume of 458,552 shares, compared to its average volume of 183,206. Lands' End, Inc. has a 1 year low of $10.55 and a 1 year high of $24.80. 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 (NASDAQ:LE) last issued its quarterly earnings results on Thursday, August 31st. The company reported ($0.12) EPS for the quarter, meeting analysts’ consensus estimates of ($0.12). The firm had revenue of $302.19 million during the quarter, compared to the consensus estimate of $292.59 million. Lands' End had a negative return on equity of 5.91% and a negative net margin of 1.28%. Lands' End’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.06) earnings per share. research analysts anticipate that Lands' End, Inc. will post 0.04 EPS for the current year.
Several brokerages have recently weighed in on LE. BidaskClub downgraded Lands' End from a “sell” rating to a “strong sell” rating in a research report on Wednesday, November 1st. Zacks Investment Research downgraded Lands' End from a “buy” rating to a “hold” rating in a research report on Tuesday, September 12th. Finally, ValuEngine raised Lands' End from a “sell” rating to a “hold” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating and three have given a hold rating to the stock. The company has a consensus rating of “Hold” and an average target price of $14.00.
In other news, CEO Jerome Griffith bought 20,000 shares of Lands' End stock in a transaction on Tuesday, September 5th. The shares were bought at an average price of $11.47 per share, with a total value of $229,400.00. Following the acquisition, the chief executive officer now directly owns 81,717 shares in the company, valued at approximately $937,293.99. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Edward S. Lampert bought 60,218 shares of Lands' End stock in a transaction on Thursday, November 2nd. The shares were purchased at an average cost of $10.97 per share, for a total transaction of $660,591.46. The disclosure for this purchase can be found here. Insiders purchased 251,425 shares of company stock valued at $2,744,050 in the last three months. 0.51% of the stock is currently owned by company insiders.
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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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