Lands' End (LE) Issues Earnings Results
Lands' End (NASDAQ:LE) released its quarterly earnings results on Tuesday. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.16, Briefing.com reports. Lands' End had a negative return on equity of 0.73% and a negative net margin of 8.48%. The business had revenue of $325.50 million during the quarter, compared to the consensus estimate of $320.15 million. During the same quarter in the previous year, the business earned ($0.14) EPS. The company’s quarterly revenue was up 4.5% on a year-over-year basis.
Shares of Lands' End (NASDAQ:LE) traded up $1.40 during mid-day trading on Wednesday, reaching $13.20. 1,294,200 shares of the company’s stock were exchanged, compared to its average volume of 187,954. 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 has a 1-year low of $10.55 and a 1-year high of $24.80.
LE has been the topic of several research analyst reports. Zacks Investment Research downgraded Lands' End from a “buy” rating to a “hold” rating in a research note on Wednesday, September 27th. BidaskClub raised shares of Lands' End from a “strong sell” rating to a “sell” rating in a report on Thursday, August 31st. One analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. The company has an average rating of “Hold” and a consensus target price of $14.00.
In related news, major shareholder Edward S. Lampert bought 149,844 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The stock was bought at an average cost of $10.81 per share, for a total transaction of $1,619,813.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Edward S. Lampert purchased 18,403 shares of the business’s stock in a transaction on Wednesday, November 8th. The shares were acquired at an average price of $10.83 per share, with a total value of $199,304.49. The disclosure for this purchase can be found here. Insiders have acquired a total of 229,225 shares of company stock worth $2,489,658 in the last three months. Insiders own 0.51% of the company’s stock.
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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.
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