Lands' End, Inc. (NASDAQ:LE)’s share price traded up 11.9% on Tuesday after the company announced better than expected quarterly earnings. The company traded as high as $14.60 and last traded at $13.20. 1,294,232 shares traded hands during mid-day trading, an increase of 589% from the average session volume of 187,954 shares. The stock had previously closed at $11.80.
The company reported $0.01 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.15) by $0.16. Lands' End had a positive return on equity of 0.55% and a negative net margin of 7.85%. The firm had revenue of $325.50 million during the quarter, compared to analyst estimates of $320.15 million. During the same period last year, the company earned ($0.14) earnings per share. The business’s revenue for the quarter was up 4.5% on a year-over-year basis.
Several equities research analysts recently issued reports on the company. BidaskClub raised Lands' End from a “strong sell” rating to a “sell” rating in a research note on Thursday. Zacks Investment Research raised Lands' End from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. One research analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $14.00.
In related news, major shareholder Edward S. Lampert acquired 149,844 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The shares were purchased at an average price of $10.81 per share, for a total transaction of $1,619,813.64. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Edward S. Lampert acquired 60,218 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The stock was bought at an average price of $10.97 per share, for a total transaction of $660,591.46. The disclosure for this purchase can be found here. In the last quarter, insiders bought 229,225 shares of company stock worth $2,489,658. Company insiders own 0.51% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Morgan Stanley grew its stake in shares of Lands' End by 82.8% in the first quarter. Morgan Stanley now owns 93,316 shares of the company’s stock worth $2,002,000 after purchasing an additional 42,268 shares during the last quarter. Janus Henderson Group PLC bought a new stake in shares of Lands' End in the second quarter worth about $56,050,000. Teton Advisors Inc. grew its stake in shares of Lands' End by 27.5% in the third quarter. Teton Advisors Inc. now owns 88,000 shares of the company’s stock worth $1,162,000 after purchasing an additional 19,000 shares during the last quarter. Frontier Capital Management Co. LLC bought a new stake in shares of Lands' End in the third quarter worth about $5,697,000. Finally, Gabelli Funds LLC grew its stake in shares of Lands' End by 27.8% in the third quarter. Gabelli Funds LLC now owns 92,000 shares of the company’s stock worth $1,214,000 after purchasing an additional 20,000 shares during the last quarter. 48.22% of the stock is currently owned by institutional investors.
The company has a debt-to-equity ratio of 1.86, a current ratio of 2.29 and a quick ratio of 0.90. The company has a market cap of $423.69, a P/E ratio of 220.00, a PEG ratio of 16.50 and a beta of 0.33.
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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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