California State Teachers Retirement System Has $350,000 Position in Lands' End, Inc. (LE)
California State Teachers Retirement System cut its stake in shares of Lands' End, Inc. (NASDAQ:LE) by 20.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,489 shares of the company’s stock after selling 5,900 shares during the period. California State Teachers Retirement System owned approximately 0.07% of Lands' End worth $350,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Metropolitan Life Insurance Co. NY grew its stake in shares of Lands' End by 4.3% during the first quarter. Metropolitan Life Insurance Co. NY now owns 12,231 shares of the company’s stock worth $262,000 after purchasing an additional 500 shares during the period. Arrowstreet Capital Limited Partnership acquired a new position in Lands' End in the second quarter valued at about $199,000. Credit Suisse AG grew its stake in Lands' End by 84.7% in the first quarter. Credit Suisse AG now owns 31,995 shares of the company’s stock valued at $686,000 after acquiring an additional 14,677 shares during the period. Bank of New York Mellon Corp grew its stake in Lands' End by 1.5% in the second quarter. Bank of New York Mellon Corp now owns 72,779 shares of the company’s stock valued at $1,084,000 after acquiring an additional 1,103 shares during the period. Finally, Penserra Capital Management LLC grew its stake in Lands' End by 327.0% in the second quarter. Penserra Capital Management LLC now owns 76,086 shares of the company’s stock valued at $1,133,000 after acquiring an additional 58,267 shares during the period. 48.22% of the stock is owned by institutional investors and hedge funds.
In other news, major shareholder Edward S. Lampert acquired 18,403 shares of Lands' End stock in a transaction dated Wednesday, November 8th. The stock was bought at an average cost of $10.83 per share, with a total value of $199,304.49. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Edward S. Lampert acquired 60,218 shares of Lands' End stock in a transaction dated Thursday, November 2nd. The shares were purchased at an average cost of $10.97 per share, with a total value of $660,591.46. The disclosure for this purchase can be found here. Insiders have bought 229,225 shares of company stock valued at $2,489,658 over the last ninety days. 0.51% of the stock is owned by insiders.
A number of research analysts have issued reports on LE shares. BidaskClub cut Lands' End from a “sell” rating to a “strong sell” rating in a research note on Friday, August 25th. Zacks Investment Research raised Lands' End from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a research note on Saturday, September 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $15.50.
Lands' End, Inc. (NASDAQ:LE) opened at $15.60 on Tuesday. Lands' End, Inc. has a 52 week low of $10.55 and a 52 week high of $24.80. The company has a quick ratio of 0.69, a current ratio of 2.29 and a debt-to-equity ratio of 1.85. The stock has a market capitalization of $507.14, a PE ratio of 262.50, a price-to-earnings-growth ratio of 9.84 and a beta of 0.34.
Lands' End (NASDAQ:LE) last posted its earnings results on Tuesday, December 5th. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.16. The firm 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 revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.14) earnings per share. equities research analysts predict that Lands' End, Inc. will post 0.08 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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