Insider at Lands’ End (LE) Makes Significant purchase of Stock Extends the Trend of Last Quarter

Tuesday, September 05, 2017 10:15 PM ET

Insider at Lands’ End (LE) Makes Significant purchase of Stock Extends the Trend of Last Quarter

There was significant buying activity in Lands’ End shares by an insider today, as revealed in a form 4 document filed with the SEC. One insider — Edward S Lampert, 10% Owner — acquired 752,349 shares in the company having a market value of approximately $9,436,489. There have been 2 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been buys resulting in the acquisition of 2,329,331 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net purchases of 3,081,680 shares and have averaged 1,027,227 shares per transaction over this time period.

Lands’ End insider trading represents a level of buy/sell trades that is above for the 25 peer company average over the last 90-day period. The Apparel & Accessories Retailers peer group saw 20 buy/sell trades during this period for an average of 0.8 transactions per company. The number of shares per buy/sell trade for Lands’ End insiders was also higher. Within the peer group there were 2,378,805 shares purchased and 53,148 shares sold with company insiders having bought 178,897 shares on average.

In order to focus on significant insider buying and selling activity, all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers has been eliminated data used to evaluate and write this story.

Using proprietary artificial intelligence methods, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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