Lands’ End Inc. (LE) Set to Announce Earnings on Thursday
Lands’ End Inc. (NASDAQ:LE) will be issuing its Q316 quarterly earnings data on Thursday, December 1st. Analysts expect the company to announce earnings of ($0.05) per share and revenue of $303.61 million for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.
Lands’ End (NASDAQ:LE) last released its quarterly earnings results on Thursday, September 1st. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.02 by $0.08. Lands’ End had a negative net margin of 2.66% and a positive return on equity of 6.51%. The firm had revenue of $292 million for the quarter, compared to analyst estimates of $292.25 million. During the same quarter in the prior year, the firm earned $0.23 EPS. The firm’s revenue was down 6.5% compared to the same quarter last year. On average, analysts expect Lands’ End to post $0.49 EPS for the current fiscal year and $0.73 EPS for the next fiscal year.
Lands’ End Inc. (NASDAQ:LE) opened at 17.80 on Wednesday. The firm has a 50-day moving average of $16.34 and a 200 day moving average of $16.52. The firm’s market cap is $570.12 million. Lands’ End Inc. has a 1-year low of $14.03 and a 1-year high of $27.60.
In other news, major shareholder Edward S. Lampert acquired 16,846 shares of Lands’ End stock in a transaction that occurred on Monday, October 3rd. The shares were acquired at an average price of $14.60 per share, with a total value of $245,951.60. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Josephine Linden bought 5,000 shares of the company’s stock in a transaction on Thursday, September 29th. The shares were bought at an average price of $15.17 per share, for a total transaction of $75,850.00. Following the completion of the acquisition, the director now directly owns 13,000 shares in the company, valued at approximately $197,210. The disclosure for this purchase can be found here. Corporate insiders own 0.15% of the company’s stock.
A number of hedge funds have recently made changes to their positions in LE. BlackRock Advisors LLC increased its stake in shares of Lands’ End by 1.3% in the third quarter. BlackRock Advisors LLC now owns 7,304 shares of the company’s stock valued at $106,000 after buying an additional 91 shares during the period. Cubist Systematic Strategies LLC bought a new stake in shares of Lands’ End during the second quarter valued at approximately $129,000. The Manufacturers Life Insurance Company bought a new stake in shares of Lands’ End during the third quarter valued at approximately $175,000. BlackRock Group LTD increased its stake in shares of Lands’ End by 2.6% in the third quarter. BlackRock Group LTD now owns 12,268 shares of the company’s stock valued at $178,000 after buying an additional 315 shares during the period. Finally, Paloma Partners Management Co increased its stake in shares of Lands’ End by 4.3% in the second quarter. Paloma Partners Management Co now owns 12,255 shares of the company’s stock valued at $201,000 after buying an additional 507 shares during the period. Hedge funds and other institutional investors own 69.26% of the company’s stock.
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LE has been the topic of several recent research reports. Zacks Investment Research raised shares of Lands’ End from a “sell” rating to a “hold” rating in a research note on Wednesday, November 2nd. CL King lowered shares of Lands’ End from a “buy” rating to a “neutral” rating in a research note on Monday, September 26th.
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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