The Lands’ End Inc. (LE) Major Shareholder Edward S. Lampert Acquires 10,861 Shares of Stock

The Lands’ End Inc. (LE) Major Shareholder Edward S. Lampert Acquires 10,861 Shares of Stock

Lands’ End Inc. (NASDAQ:LE) major shareholder Edward S. Lampert acquired 10,861 shares of the firm’s stock in a transaction dated Wednesday, October 12th. The shares were purchased at an average price of $14.89 per share, with a total value of $161,720.29. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Lands’ End Inc. (NASDAQ:LE) opened at 14.89 on Thursday. Lands’ End Inc. has a 52 week low of $14.03 and a 52 week high of $27.60. The company’s 50-day moving average is $17.05 and its 200 day moving average is $18.42. The company’s market capitalization is $476.91 million.

Lands’ End (NASDAQ:LE) last issued its quarterly earnings results on Thursday, September 1st. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.02 by $0.08. The business earned $292 million during the quarter, compared to analyst estimates of $292.25 million. Lands’ End had a positive return on equity of 6.51% and a negative net margin of 2.66%. Lands’ End’s revenue was down 6.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.23 EPS. On average, analysts forecast that Lands’ End Inc. will post $0.49 EPS for the current fiscal year.

Several research firms have recently weighed in on LE. Zacks Investment Research upgraded shares of Lands’ End from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 3rd. CL King lowered shares of Lands’ End from a “buy” rating to a “neutral” rating in a research note on Monday, September 26th.

Large investors have recently modified their holdings of the company. Commonwealth Equity Services Inc increased its stake in shares of Lands’ End by 114.5% in the first quarter. Commonwealth Equity Services Inc now owns 23,042 shares of the company’s stock valued at $588,000 after buying an additional 12,298 shares in the last quarter. Teachers Advisors Inc. increased its stake in shares of Lands’ End by 35.7% in the first quarter. Teachers Advisors Inc. now owns 43,653 shares of the company’s stock valued at $1,114,000 after buying an additional 11,482 shares in the last quarter. Royce & Associates LP increased its stake in shares of Lands’ End by 20.3% in the first quarter. Royce & Associates LP now owns 95,000 shares of the company’s stock valued at $2,423,000 after buying an additional 16,000 shares in the last quarter. Royal Bank of Canada increased its stake in shares of Lands’ End by 114.9% in the first quarter. Royal Bank of Canada now owns 19,957 shares of the company’s stock valued at $509,000 after buying an additional 154,295 shares in the last quarter. Finally, California Public Employees Retirement System increased its stake in shares of Lands’ End by 6.8% in the second quarter. California Public Employees Retirement System now owns 79,727 shares of the company’s stock valued at $1,309,000 after buying an additional 5,100 shares in the last quarter. 71.31% of the stock is owned by institutional investors and hedge funds.

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