Gabelli Funds LLC increased its position in shares of Lands’ End, Inc. (NASDAQ:LE) by 27.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 92,000 shares of the company’s stock after acquiring an additional 20,000 shares during the quarter. Gabelli Funds LLC owned about 0.29% of Lands’ End worth $1,214,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in LE. Janus Henderson Group PLC acquired a new stake in Lands’ End during the 2nd quarter worth approximately $56,050,000. Frontier Capital Management Co. LLC acquired a new stake in Lands’ End during the 3rd quarter worth approximately $5,697,000. Penserra Capital Management LLC raised its holdings in Lands’ End by 327.0% during the 2nd quarter. Penserra Capital Management LLC now owns 76,086 shares of the company’s stock worth $1,133,000 after buying an additional 58,267 shares during the period. Vanguard Group Inc. raised its holdings in Lands’ End by 4.4% during the 1st quarter. Vanguard Group Inc. now owns 1,138,476 shares of the company’s stock worth $24,421,000 after buying an additional 47,488 shares during the period. Finally, Morgan Stanley raised its holdings in Lands’ End by 82.8% during the 1st quarter. Morgan Stanley now owns 93,316 shares of the company’s stock worth $2,002,000 after buying an additional 42,268 shares during the period. Hedge funds and other institutional investors own 62.34% of the company’s stock.
LE has been the topic of a number of recent research reports. BidaskClub downgraded shares of Lands’ End from a “sell” rating to a “strong sell” rating in a report on Wednesday, November 1st. Zacks Investment Research downgraded shares of Lands’ End from a “buy” rating to a “hold” rating in a report on Tuesday, September 12th. One research analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $14.00.
In other news, major shareholder Edward S. Lampert bought 18,403 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The stock was acquired at an average cost of $10.83 per share, with a total value of $199,304.49. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Edward S. Lampert bought 19,178 shares of the firm’s stock in a transaction that occurred on Monday, August 21st. The stock was purchased at an average cost of $12.59 per share, with a total value of $241,451.02. The disclosure for this purchase can be found here. Insiders purchased 1,222,536 shares of company stock valued at $14,841,049 over the last three months. 0.51% of the stock is owned by company insiders.
Shares of Lands’ End, Inc. (LE) opened at $11.50 on Wednesday. The company has a current ratio of 2.29, a quick ratio of 0.90 and a debt-to-equity ratio of 1.86. Lands’ End, Inc. has a fifty-two week low of $10.55 and a fifty-two week high of $24.80.
Lands’ End (NASDAQ:LE) last posted its quarterly earnings data on Thursday, August 31st. The company reported ($0.12) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.12). Lands’ End had a negative net margin of 8.48% and a negative return on equity of 0.73%. The company had revenue of $302.19 million for the quarter, compared to the consensus estimate of $292.59 million. During the same period last year, the company earned ($0.06) earnings per share. The firm’s revenue was up 3.5% compared to the same quarter last year. equities research analysts forecast that Lands’ End, Inc. will post 0.04 EPS for the current year.
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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.
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