GSA Capital Partners LLP purchased a new position in shares of Lands' End, Inc. (NASDAQ:LE) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,833 shares of the company’s stock, valued at approximately $275,000.
Several other institutional investors also recently added to or reduced their stakes in LE. Wells Fargo & Company MN raised its stake in shares of Lands' End by 57.8% during the third quarter. Wells Fargo & Company MN now owns 14,928 shares of the company’s stock worth $197,000 after purchasing an additional 5,467 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Lands' End during the second quarter worth approximately $199,000. Nationwide Fund Advisors raised its stake in shares of Lands' End by 110.3% during the third quarter. Nationwide Fund Advisors now owns 17,033 shares of the company’s stock worth $225,000 after purchasing an additional 8,934 shares during the last quarter. Gamco Investors INC. ET AL raised its stake in shares of Lands' End by 94.8% during the third quarter. Gamco Investors INC. ET AL now owns 78,000 shares of the company’s stock worth $1,030,000 after purchasing an additional 37,952 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Lands' End by 1.5% during the second quarter. Bank of New York Mellon Corp now owns 72,779 shares of the company’s stock worth $1,084,000 after purchasing an additional 1,103 shares during the last quarter. Institutional investors and hedge funds own 48.22% of the company’s stock.
Several equities research analysts have recently commented on the company. BidaskClub cut Lands' End from a “buy” rating to a “hold” rating in a research note on Saturday, January 6th. Zacks Investment Research upgraded Lands' End from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research note on Friday, December 8th. Finally, ValuEngine upgraded Lands' End from a “sell” rating to a “hold” rating in a research note on Friday, December 1st. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $15.50.
Lands' End (NASDAQ:LE) last released its quarterly earnings results on Tuesday, December 5th. The company reported $0.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.15) by $0.16. The business had revenue of $325.50 million during the quarter, compared to analysts’ expectations of $320.15 million. Lands' End had a positive return on equity of 0.55% and a negative net margin of 7.85%. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.14) earnings per share. research analysts forecast that Lands' End, Inc. will post 0.08 EPS for the current fiscal year.
In other Lands' End news, major shareholder Edward S. Lampert acquired 149,844 shares of the business’s stock in a transaction on Tuesday, October 31st. The stock was purchased at an average price of $10.81 per share, for a total transaction of $1,619,813.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Edward S. Lampert acquired 60,218 shares of the business’s stock in a transaction on Thursday, November 2nd. The stock was acquired at an average price of $10.97 per share, with a total value of $660,591.46. The disclosure for this purchase can be found here. Insiders acquired 229,165 shares of company stock valued at $2,490,588 in the last quarter. 0.51% of the stock is currently owned by company insiders.
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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