Lands' End (NASDAQ:LE) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.
A number of other equities research analysts also recently weighed in on LE. Zacks Investment Research downgraded shares of Lands' End from a “buy” rating to a “hold” rating in a research note on Wednesday, September 27th. ValuEngine upgraded shares of Lands' End from a “sell” rating to a “hold” rating in a research note on Friday, December 1st. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $15.50.
Lands' End (LE) traded down $0.25 on Friday, reaching $18.40. 130,000 shares of the company’s stock were exchanged, compared to its average volume of 311,050. Lands' End has a 1 year low of $10.55 and a 1 year high of $24.80. The company has a debt-to-equity ratio of 1.85, a current ratio of 2.29 and a quick ratio of 0.69. The firm has a market capitalization of $574.54, a P/E ratio of -5.54, a P/E/G ratio of 11.50 and a beta of 0.36.
Lands' End (NASDAQ:LE) last posted its quarterly earnings results on Tuesday, December 5th. The company reported $0.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.15) by $0.16. Lands' End had a negative net margin of 7.85% and a positive return on equity of 0.55%. The firm had revenue of $325.50 million for the quarter, compared to the consensus estimate of $320.15 million. During the same quarter in the previous year, the company earned ($0.14) earnings per share. The business’s revenue was up 4.5% compared to the same quarter last year. analysts forecast that Lands' End will post 0.08 earnings per share for the current fiscal year.
In related news, major shareholder Edward S. Lampert acquired 60,218 shares of the business’s stock in a transaction on Thursday, November 2nd. The stock was bought at an average cost of $10.97 per share, with a total value of $660,591.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Edward S. Lampert acquired 18,403 shares of the business’s stock in a transaction on Wednesday, November 8th. The shares were bought at an average cost of $10.83 per share, with a total value of $199,304.49. The disclosure for this purchase can be found here. Insiders have acquired 229,165 shares of company stock worth $2,490,588 in the last quarter. Corporate insiders own 0.51% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the business. GSA Capital Partners LLP bought a new position in shares of Lands' End during the third quarter valued at $275,000. California Public Employees Retirement System raised its holdings in shares of Lands' End by 7.2% in the third quarter. California Public Employees Retirement System now owns 105,169 shares of the company’s stock valued at $1,388,000 after buying an additional 7,042 shares during the last quarter. Point72 Asset Management L.P. bought a new position in shares of Lands' End in the third quarter valued at about $9,097,000. Dimensional Fund Advisors LP raised its holdings in shares of Lands' End by 18.3% in the third quarter. Dimensional Fund Advisors LP now owns 152,140 shares of the company’s stock valued at $2,008,000 after buying an additional 23,515 shares during the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of Lands' End by 57.8% in the third quarter. Wells Fargo & Company MN now owns 14,928 shares of the company’s stock valued at $197,000 after buying an additional 5,467 shares during the last quarter. 48.22% of the stock is owned by institutional investors.
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Lands' End Company Profile
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.
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