Lands' End (LE) was Downgraded by CL King to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. CL King advised their investors in a research report released on Sep 26, 2016.
On the company’s financial health, Lands' End reported $-0.06 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Sep 1, 2016. Analyst had a consensus of $-0.02. The company had revenue of $292.00 million for the quarter, compared to analysts expectations of $292.25 million. The company’s revenue was down -6.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.23 EPS.
Lands' End opened for trading at $18.25 and hit $18.62 on the upside on Thursday, eventually ending the session at $18.41, with a gain of 2.22% or 0.4 points. The heightened volatility saw the trading volume jump to 1,71,744 shares. Company has a market cap of $590 M.
In a different news, on Jul 1, 2016, Elizabeth Leykum (director) purchased 5,000 shares at $16.90 per share price. According to the SEC, on Jun 27, 2016, Elizabeth Darst Leykum (director) purchased 1,575 shares at $15.90 per share price. On Apr 6, 2016, John Mcclain (director) purchased 250 shares at $23.92 per share price, according to the Form-4 filing with the securities and exchange commission.
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 business segments: Direct and Retail. The Direct segment sells products through the Company’s e-commerce Websites such as www.landsend.com; international Websites and direct mail catalogs. The Retail segment sells products and services through Lands’ End Shops at Sears across the United States the Company’s standalone Lands’ End Inlet stores and international shop-in-shops. The Company’s product categories include Apparel and Non-apparel. The Non-apparel category offers accessories footwear and home goods. The Company also offers embroidery monogramming gift wrapping shipping and other services.