Trade Report: The Edward S. Lampert invests in 59,890 by purchasing Lands’ End Inc. (LE) Stock shares

The Edward S. Lampert invests in 59,890 by purchasing Lands’ End Inc. (LE) Stock shares

Lands’ End Inc. (NASDAQ:LE) major shareholder Edward S. Lampert bought 59,890 shares of the business’s stock in a transaction dated Tuesday, October 11th. The shares were purchased at an average cost of $14.89 per share, with a total value of $891,762.10. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Shares of Lands’ End Inc. (NASDAQ:LE) opened at 15.36 on Friday. Lands’ End Inc. has a one year low of $14.03 and a one year high of $27.60. The company has a 50-day moving average of $16.95 and a 200 day moving average of $18.40. The stock’s market cap is $491.97 million.

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

A number of hedge funds have recently modified their holdings of LE. Commonwealth Equity Services Inc raised 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 worth $588,000 after buying an additional 12,298 shares during the last quarter. Teachers Advisors Inc. raised 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 worth $1,114,000 after buying an additional 11,482 shares during the last quarter. Royce & Associates LP raised 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 worth $2,423,000 after buying an additional 16,000 shares during the last quarter. Royal Bank of Canada raised 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 worth $509,000 after buying an additional 154,295 shares during the last quarter. Finally, California Public Employees Retirement System raised 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 worth $1,309,000 after buying an additional 5,100 shares during the last quarter. 71.31% of the stock is currently owned by hedge funds and other institutional investors.

LE has been the subject of several recent research reports. Zacks Investment Research raised shares of Lands’ End from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 3rd. CL King lowered shares of Lands’ End from a “buy” rating to a “neutral” rating in a report on Monday, September 26th.

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