Bank of New York Mellon Corp reduced its position in Lands’ End Inc. (NASDAQ:LE) by 14.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 59,685 shares of the company’s stock after selling 10,033 shares during the period. Bank of New York Mellon Corp owned approximately 0.19% of Lands’ End worth $980,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in LE. Royal Bank of Canada increased its stake in 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. Teachers Advisors Inc. raised its position 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 during the period. Finally, Royce & Associates LP raised its position 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 during the period. Institutional investors own 71.31% of the company’s stock.
Lands’ End Inc. (NASDAQ:LE) traded down 0.85% during trading on Friday, hitting $15.23. 92,862 shares of the stock were exchanged. Lands’ End Inc. has a 52 week low of $14.03 and a 52 week high of $27.60. The stock’s market capitalization is $487.80 million. The firm has a 50-day moving average of $16.85 and a 200-day moving average of $18.31.
Lands’ End (NASDAQ:LE) last announced its quarterly earnings data on Thursday, September 1st. The company reported ($0.06) EPS for the quarter, missing the Zacks’ consensus estimate 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 business earned $292 million during the quarter, compared to the consensus estimate of $292.25 million. During the same period in the prior year, the firm earned $0.23 EPS. The business’s revenue for the quarter was down 6.5% compared to the same quarter last year. Equities research analysts anticipate that Lands’ End Inc. will post $0.49 earnings per share for the current fiscal year.
LE has been the topic of several research analyst reports. Zacks Investment Research lowered shares of Lands’ End from a “hold” rating to a “sell” rating in a research report on Wednesday, September 28th. CL King lowered shares of Lands’ End from a “buy” rating to a “neutral” rating in a research report on Monday, September 26th.
In other news, major shareholder Edward S. Lampert purchased 31,124 shares of the company’s stock in a transaction on Thursday, July 21st. The shares were purchased at an average cost of $14.64 per share, with a total value of $455,655.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Josephine Linden purchased 5,000 shares of the company’s stock in a transaction on Thursday, September 29th. The shares were purchased at an average cost of $15.17 per share, for a total transaction of $75,850.00. Following the completion of the transaction, the director now directly owns 13,000 shares of the company’s stock, valued at approximately $197,210. The disclosure for this purchase can be found here. Company insiders own 0.15% 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.