American International Group Inc. Increases Position in Lands’ End, Inc. (NASDAQ:LE)

American International Group Inc. increased its stake in Lands’ End, Inc. (NASDAQ:LE) by 7.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,188 shares of the company’s stock after buying an additional 608 shares during the period. American International Group Inc.’s holdings in Lands’ End were worth $197,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LE. SG Americas Securities LLC acquired a new stake in Lands’ End during the first quarter worth approximately $389,000. Penserra Capital Management LLC boosted its stake in Lands’ End by 77.2% in the first quarter. Penserra Capital Management LLC now owns 17,819 shares of the company’s stock valued at $382,000 after buying an additional 7,762 shares during the period. Gamco Investors INC. ET AL boosted its stake in Lands’ End by 44.6% in the first quarter. Gamco Investors INC. ET AL now owns 40,048 shares of the company’s stock valued at $859,000 after buying an additional 12,348 shares during the period. Teton Advisors Inc. boosted its position in Lands’ End by 25.5% in the first quarter. Teton Advisors Inc. now owns 69,000 shares of the company’s stock worth $1,480,000 after buying an additional 14,000 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Lands’ End by 2.5% in the first quarter. Bank of New York Mellon Corp now owns 71,676 shares of the company’s stock worth $1,538,000 after buying an additional 1,734 shares during the last quarter. Hedge funds and other institutional investors own 62.76% of the company’s stock.

Lands’ End, Inc. (NASDAQ:LE) opened at 13.75 on Thursday. Lands’ End, Inc. has a 12 month low of $12.90 and a 12 month high of $24.80. The firm’s 50-day moving average is $14.13 and its 200 day moving average is $17.68. The stock’s market capitalization is $440.40 million.

Lands’ End (NASDAQ:LE) last announced its quarterly earnings data on Tuesday, June 6th. The company reported ($0.24) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.01. Lands’ End had a negative return on equity of 0.07% and a negative net margin of 8.41%. The company had revenue of $268.37 million for the quarter, compared to analysts’ expectations of $270.10 million. During the same quarter in the prior year, the business posted ($0.18) EPS. The business’s revenue was down 1.9% compared to the same quarter last year. On average, equities analysts anticipate that Lands’ End, Inc. will post $0.19 earnings per share for the current year.

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A number of equities analysts recently weighed in on the stock. Zacks Investment Research raised shares of Lands’ End from a “sell” rating to a “hold” rating in a research report on Wednesday. TheStreet lowered shares of Lands’ End from a “c-” rating to a “d+” rating in a report on Thursday, June 8th. ValuEngine upgraded shares of Lands’ End from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Craig Hallum set a $15.00 price objective on shares of Lands’ End and gave the company a “hold” rating in a report on Wednesday, June 21st. Four analysts have rated the stock with a hold rating, Lands’ End currently has an average rating of “Hold” and a consensus target price of $15.00.

In other news, major shareholder Edward S. Lampert acquired 5,000 shares of the firm’s stock in a transaction on Monday, July 31st. The shares were purchased at an average cost of $13.00 per share, with a total value of $65,000.00. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CEO Jerome Griffith bought 10,000 shares of Lands’ End stock in a transaction dated Tuesday, June 13th. The shares were bought at an average cost of $16.25 per share, for a total transaction of $162,500.00. Following the completion of the acquisition, the chief executive officer now owns 61,717 shares in the company, valued at approximately $1,002,901.25. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 2,048,817 shares of company stock worth $27,471,670. Company insiders own 0.51% of the company’s stock.

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.

Institutional Ownership by Quarter for Lands` End (NASDAQ:LE)

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