Edward Lampert (Trades, Portfolio), founder, CEO and chairman of ESL Investments, sold shares of the following stocks in the second quarter.

The investor trimmed his Lands' End Inc. (LE) stake by 9.61%. The trade had an impact of -3.63% on the portfolio.

The company, which sells casual apparel and home products, has a market cap of $266.38 million and an enterprise value of $641.22 million.

GuruFocus gives the company a profitability and growth rating of 3 out of 10. The return on equity of 2.39% and return on assets of 0.68%

Fifteen years after creating Sears Holdings (SHLD) by helping Kmart arise from bankruptcy and merge with Sears Roebuck & Co., billionaire Eddie Lampert is the winning bidder in its bankruptcy court-supervised auction.

Lampert’s hedge fund ESL Investments, will acquire “substantially all of the company’s assets, including the ‘Go Forward Stores’ on a going-concern basis” at a cost around $5.2 billion, the company said in a press release. According to bankruptcy documents, the company has between $1 billion and $10 billion in assets. Its liabilities total between $10 billion and $50 billion.

Lampert’s bid was an increase from his former $4.6

Shares of Verint Systems Inc. (VRNT) jumped more than 7% after reporting second-quarter earnings of 76 cents per share on $308.49 million in revenue. The company beat earnings estimates by 14 cents and revenue expectations by $12.42 million.

“We are pleased with our strong revenue growth which was accompanied by continued margin expansion," CEO Dan Bodner said. "Given our strong results and momentum, we are again raising our annual guidance for revenue and EPS.”

Looking ahead the the year ending Jan. 31, 2019, the company expects 7% revenue growth in the Customer Engagement

Land’s End Inc. (LE), a multichannel retailer of casual clothing and accessories, said net revenues for the three months ended May 4 increased 11.7% from the prior-year quarter, “the fourth-straight quarter of top-line growth” according to CEO Jerome Griffith.

Net losses of 8 cents per share improved 16 cents from the prior-year quarter’s loss of 24 cents per share. Griffith mentioned that even though Retail segment revenues declined 34% due to fewer stores at Sears Holdings Corp. (SHLD) locations, profitability growth still increased for the third straight quarter, demonstrating “continued progress” on strategic initiatives. The company

Lands' End Inc. (LE) advanced on the heels of the company reporting its financial results for the first quarter. The company posted a loss of 8 cents per share, which was 9 cents higher than expected. Revenue of $299.83 million grew 11.7% from a year ago, beating estimates by $14.83 million.

The gross margin was 44.4%, as compared to 45.7% in the first quarter of last year. Adjusted earnings before interest, taxes, depreciation and amortization was $9 million, compared to $1.3 million in the same quarter of fiscal 2017.

“We are pleased to

Apparel retailer Lands’ End Inc. (LE) reported strong fourth-quarter and full-year 2017 earnings before the opening bell on Thursday, sending shares higher.

The Dodgeville, Wisconsin-based company posted net income of $39.8 million, or $1.24 per share, compared with a net loss of $94.8 million, or $2.96 per share, in the prior-year quarter. Adjusted earnings of 38 cents per share missed Thomas Reuters’ estimates of 50 cents.

Quarterly revenue, however, grew 11.3% from the prior-year quarter to $510.6 million, beating expectations of $470.6 million.

The company said it also received a $21.9 million tax benefit from the U.S. Tax Cuts

The Florida-based hedge fund founded by Sears CEO Eddie Lampert reduced a position in a struggling real estate investment trust (REIT) that leases out properties once belonging to Sears Holding Corp. (SHLD)

RBS Partners sold 97,000 shares of Seritage Growth Properties (SRG), reducing its stake 18.63% during the final months of the year.

Seritage, which was created around 2015, is facing financial dilemmas, which some fear could push it into bankruptcy if declining revenues don’t pick up in the next two years. Over 50% of its float is shorted. The company has a dividend yield of 2.84% versus an industry

“If you're unwilling to try new things and to fail and learn, you don't have a shot. That doesn't mean you are going to be successful, but you have to try to change.” --Edward Lampert

For some 20 years, Edward Lampert (Trades, Portfolio), also known as Eddie, was a hedge fund power player, with returns averaging more than 20% a year.

Over the past decade, though, his name has become synonymous with Sears, which has not been a good thing. The retailer has struggled, bringing Lampert’s ESL Investments down with

The GuruFocus All-In-One Screener can be used to find insider trades from the past week. Under the Insiders tab, change the settings for All Insider Buying to “$200,000+,” the duration to “October 2017” and “November 2017” and All Insider Sales to “$5,000,000+."

According to the above filters, the following trades were made by company insiders this week.

Edward Lampert (Trades, Portfolio), 10% owner of Lands' End Inc. (LE), bought 294,917 shares for $10.89 per share on Nov. 2.

The outdoor apparel retailer has a market cap of $354.65 million and an enterprise value of $665.84 million.

There have been few investments that have promised so much yet achieved so little as Sears Holdings Corp. (SHLD).

The Sears story began nearly two decades ago. In 2002, hedge fund manager Edward Lampert (Trades, Portfolio), out to make a name for himself, masterminded the merger of Kmart Holding Corp. and Sears, Roebuck & Co.

Lampert bought a controlling stake in Kmart and rescued the bankrupt retailer. He observed the real estate blocks under the 1,500 stores were precious. After stabilizing the company, he sold 68 of the company’s stores to Home Depot Inc.

After Sears Holdings (SHLD) shares tumbled nearly 12% on Bruce Berkowitz (Trades, Portfolio)’s announcement that he would exit the company’s board of directors Monday, he issued a statement Tuesday saying he continued to have confidence in the investment:

Dear Investors:

In January 2016, I was invited to express my views to the Board of Directors of Sears Holdings Corporation (the “Board”). As I indicated in a public conference call the next month:

“I took that opportunity to explain [to the Board] Fairholme’s investment perspective on the company as a whole, as well as its various business units.