Fairholme Capital Management Lowers stake in Lands' End (LE)

Lands' End (LE) : Fairholme Capital Management reduced its stake in Lands' End by 4.09% during the most recent quarter end. The investment management company now holds a total of 2,917,327 shares of Lands' End which is valued at $46,064,593 after selling 124,400 shares in Lands' End , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Lands' End makes up approximately 2.55% of Fairholme Capital Management’s portfolio.

Other Hedge Funds, Including , Kennedy Capital Management reduced its stake in LE by selling 47,727 shares or 28.35% in the most recent quarter. The Hedge Fund company now holds 120,593 shares of LE which is valued at $1,904,163. Lands' End makes up approx 0.04% of Kennedy Capital Management’s portfolio.Dimensional Fund Advisors Lp boosted its stake in LE in the latest quarter, The investment management firm added 2,824 additional shares and now holds a total of 136,548 shares of Lands' End which is valued at $2,094,646.Victory Capital Management Inc boosted its stake in LE in the latest quarter, The investment management firm added 1,160 additional shares and now holds a total of 2,652 shares of Lands' End which is valued at $41,186.

Lands' End opened for trading at $16.84 and hit $19.67 on the upside on Thursday, eventually ending the session at $18.71, with a gain of 6.31% or 1.11 points. The heightened volatility saw the trading volume jump to 6,20,149 shares. Company has a market cap of $599 M.

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 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.

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