Lands' End, Inc. (NASDAQ:LE) posted its quarterly earnings data on Tuesday. The company reported $0.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.06. Lands' End had a positive return on equity of 3.02% and a negative net margin of 4.03%. The company earned $458.80 million during the quarter, compared to analyst estimates of $459.43 million. During the same period in the previous year, the business earned $0.71 EPS. Lands' End’s quarterly revenue was down 3.1% on a year-over-year basis.
Lands' End (NASDAQ:LE) opened at 19.20 on Tuesday. Lands' End has a one year low of $14.03 and a one year high of $27.60. The firm’s market capitalization is $614.96 million. The stock’s 50 day moving average price is $17.86 and its 200 day moving average price is $16.86.
In other news, Director Josephine Linden acquired 14,504 shares of Lands' End stock in a transaction that occurred on Tuesday, February 14th. The stock was purchased at an average price of $17.18 per share, for a total transaction of $249,178.72. Following the completion of the transaction, the director now directly owns 23,804 shares in the company, valued at $408,952.72. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders purchased 16,158 shares of company stock valued at $278,424. 0.15% of the stock is owned by insiders.
A number of large investors have recently made changes to their positions in LE. Gamco Investors INC. ET AL increased its stake in shares of Lands' End by 84.7% in the fourth quarter. Gamco Investors INC. ET AL now owns 27,700 shares of the company’s stock worth $420,000 after buying an additional 12,700 shares during the last quarter. Gabelli Funds LLC increased its stake in shares of Lands' End by 14.6% in the fourth quarter. Gabelli Funds LLC now owns 72,000 shares of the company’s stock worth $1,091,000 after buying an additional 9,200 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of 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 last quarter. State Street Corp increased its stake in shares of 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 last quarter. Finally, Force Capital Management LLC purchased a new stake in shares of Lands' End during the third quarter worth approximately $1,015,000. Hedge funds and other institutional investors own 69.22% of the company’s stock.
LE has been the topic of several recent research reports. Zacks Investment Research cut Lands' End from a “hold” rating to a “sell” rating in a report on Friday, December 30th. TheStreet upgraded Lands' End from a “d” rating to a “c-” rating in a report on Friday, March 3rd. Finally, Craig Hallum cut Lands' End from a “buy” rating to a “hold” rating in a report on Thursday, February 23rd.
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.