Lands’ End, Inc. (LE) Major Shareholder Buys $1,727,496.96 in Stock

Lands’ End, Inc. (NASDAQ:LE) major shareholder Edward S. Lampert purchased 128,534 shares of the company’s stock in a transaction that occurred on Friday, July 21st. The stock was bought at an average price of $13.44 per share, with a total value of $1,727,496.96. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Shares of Lands’ End, Inc. (LE) traded down 1.88% during trading on Friday, reaching $13.05. 126,343 shares of the company were exchanged. The firm has a 50-day moving average price of $13.66 and a 200-day moving average price of $17.55. Lands’ End, Inc. has a 1-year low of $12.65 and a 1-year high of $24.80. The stock’s market capitalization is $417.98 million.

Lands’ End (NASDAQ:LE) last posted its quarterly earnings data on Tuesday, June 6th. The company reported ($0.24) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.25) by $0.01. The firm had revenue of $268.37 million during the quarter, compared to analysts’ expectations of $270.10 million. Lands’ End had a negative net margin of 8.41% and a negative return on equity of 0.07%. The firm’s quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter last year, the company posted ($0.18) EPS. Equities research analysts predict that Lands’ End, Inc. will post $0.19 earnings per share for the current fiscal year.

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Several analysts have issued reports on LE shares. Zacks Investment Research downgraded shares of Lands’ End from a “hold” rating to a “sell” rating in a research note on Tuesday, June 13th. BidaskClub raised shares of Lands’ End from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 10th. TheStreet downgraded shares of Lands’ End from a “c-” rating to a “d+” rating in a research note on Thursday, June 8th. ValuEngine raised shares of Lands’ End from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Craig Hallum set a $15.00 price target on shares of Lands’ End and gave the company a “hold” rating in a research note on Wednesday, June 21st. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $15.00.

Large investors have recently added to or reduced their stakes in the company. State Street Corp raised its stake in Lands’ End by 4.1% in the fourth quarter. State Street Corp now owns 283,599 shares of the company’s stock worth $4,298,000 after buying an additional 11,123 shares during the period. Dimensional Fund Advisors LP raised its stake in Lands’ End by 2.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 135,810 shares of the company’s stock worth $2,058,000 after buying an additional 2,745 shares during the period. Teachers Advisors LLC raised its stake in Lands’ End by 22.9% in the fourth quarter. Teachers Advisors LLC now owns 53,803 shares of the company’s stock worth $815,000 after buying an additional 10,025 shares during the period. Bank of New York Mellon Corp raised its stake in Lands’ End by 2.5% in the first quarter. Bank of New York Mellon Corp now owns 71,676 shares of the company’s stock worth $1,538,000 after buying an additional 1,734 shares during the period. Finally, Teton Advisors Inc. raised its stake in Lands’ End by 25.5% in the first quarter. Teton Advisors Inc. now owns 69,000 shares of the company’s stock worth $1,480,000 after buying an additional 14,000 shares during the period. Institutional investors own 62.58% of the company’s stock.

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.

Insider Buying and Selling by Quarter for Lands` End (NASDAQ:LE)

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