Lands’ End (NASDAQ:LE) CMO Gill Brown Hong purchased 1,525 shares of the firm’s stock in a transaction on Friday, April 13th. The stock was bought at an average price of $22.20 per share, with a total value of $33,855.00. Following the acquisition, the chief marketing officer now owns 3,425 shares in the company, valued at $76,035. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of LE opened at $20.50 on Thursday. Lands’ End has a 52-week low of $10.55 and a 52-week high of $24.80. The company has a market capitalization of $673.16, a price-to-earnings ratio of 698.33 and a beta of -0.23. The company has a current ratio of 2.37, a quick ratio of 1.07 and a debt-to-equity ratio of 1.58.
Lands’ End (NASDAQ:LE) last announced its earnings results on Thursday, March 22nd. The company reported $0.38 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.12). Lands’ End had a net margin of 2.00% and a return on equity of 0.28%. The business had revenue of $510.60 million during the quarter, compared to analyst estimates of $470.63 million. During the same period in the previous year, the company earned $0.41 earnings per share. The business’s revenue for the quarter was up 11.3% on a year-over-year basis.
A number of equities analysts have weighed in on the company. BidaskClub cut Lands’ End from a “buy” rating to a “hold” rating in a report on Saturday, January 6th. Craig Hallum upped their price target on Lands’ End from $15.00 to $20.00 and gave the stock a “hold” rating in a report on Friday, March 23rd. They noted that the move was a valuation call. TheStreet upgraded Lands’ End from a “d+” rating to a “c” rating in a report on Thursday, March 22nd. Finally, ValuEngine upgraded Lands’ End from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $18.00.
Several institutional investors and hedge funds have recently made changes to their positions in the business. Wells Fargo & Company MN raised its position in shares of Lands’ End by 57.8% during the 3rd quarter. Wells Fargo & Company MN now owns 14,928 shares of the company’s stock valued at $197,000 after acquiring an additional 5,467 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Lands’ End by 103.6% during the 4th quarter. The Manufacturers Life Insurance Company now owns 12,572 shares of the company’s stock valued at $246,000 after acquiring an additional 6,397 shares in the last quarter. MetLife Investment Advisors LLC acquired a new stake in shares of Lands’ End during the 4th quarter valued at approximately $132,000. California Public Employees Retirement System raised its position in shares of Lands’ End by 7.2% during the 3rd quarter. California Public Employees Retirement System now owns 105,169 shares of the company’s stock valued at $1,388,000 after acquiring an additional 7,042 shares in the last quarter. Finally, Nationwide Fund Advisors raised its position in shares of Lands’ End by 110.3% during the 3rd quarter. Nationwide Fund Advisors now owns 17,033 shares of the company’s stock valued at $225,000 after acquiring an additional 8,934 shares in the last quarter. 50.00% of the stock is currently owned by institutional investors.
TRADEMARK VIOLATION NOTICE: “Lands’ End (LE) CMO Gill Brown Hong Acquires 1,525 Shares” was first posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this article on another publication, it was illegally stolen and republished in violation of US & international trademark & copyright law. The legal version of this article can be read at https://www.dispatchtribunal.com/2018/04/19/lands-end-le-cmo-gill-brown-hong-acquires-1525-shares.html.
About Lands’ End
Lands' End, Inc operates as a multi-channel retailer in the United States, the United Kingdom, Germany, and Japan. The company operates through two segments, Direct and Retail. It offers casual clothing, accessories, footwear, and home products. The company sells its products online through landsend.com, and affiliated specialty and international Websites; direct mail catalogs; and retail locations primarily at Lands' End Shops at Sears, Lands' End Inlet stores, and international shop-in-shops.
Receive News & Ratings for Lands' End Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lands' End and related companies with MarketBeat.com's FREE daily email newsletter.