ValuEngine upgraded shares of Lands' End (NASDAQ:LE) from a sell rating to a hold rating in a research report released on Friday morning.
Several other analysts have also recently issued reports on LE. Zacks Investment Research raised Lands' End from a sell rating to a hold rating in a report on Wednesday, August 9th. BidaskClub raised Lands' End from a strong sell rating to a sell rating in a report on Thursday, August 10th. One research analyst has rated the stock with a sell rating and three have given a hold rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $14.00.
Shares of Lands' End (NASDAQ:LE) traded down $0.55 on Friday, hitting $11.65. The stock had a trading volume of 114,100 shares, compared to its average volume of 182,020. Lands' End has a twelve month low of $10.55 and a twelve month high of $24.80. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.90 and a current ratio of 2.29.
Lands' End (NASDAQ:LE) last issued its quarterly earnings data on Thursday, August 31st. The company reported ($0.12) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.12). The business had revenue of $302.19 million for the quarter, compared to analysts’ expectations of $292.59 million. Lands' End had a negative return on equity of 5.91% and a negative net margin of 1.28%. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.06) EPS. equities analysts forecast that Lands' End will post 0.04 EPS for the current fiscal year.
In related news, major shareholder Edward S. Lampert purchased 60,218 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The shares were bought at an average price of $10.97 per share, for a total transaction of $660,591.46. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Jerome Griffith purchased 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 5th. The shares were bought at an average price of $11.47 per share, for a total transaction of $229,400.00. Following the acquisition, the chief executive officer now directly owns 81,717 shares in the company, valued at approximately $937,293.99. The disclosure for this purchase can be found here. Insiders have purchased a total of 251,425 shares of company stock worth $2,744,050 in the last 90 days. 0.51% of the stock is currently owned by insiders.
A number of large investors have recently added to or reduced their stakes in LE. Wells Fargo & Company MN raised its holdings in Lands' End by 57.8% during the 3rd 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 period. Arrowstreet Capital Limited Partnership bought a new position in Lands' End in the 2nd quarter valued at $199,000. Nationwide Fund Advisors grew its position in Lands' End by 110.3% in the 3rd quarter. Nationwide Fund Advisors now owns 17,033 shares of the company’s stock valued at $225,000 after acquiring an additional 8,934 shares during the last quarter. Metropolitan Life Insurance Co. NY grew its position in Lands' End by 4.3% in the 1st quarter. Metropolitan Life Insurance Co. NY now owns 12,231 shares of the company’s stock valued at $262,000 after acquiring an additional 500 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new position in Lands' End in the 3rd quarter valued at $275,000. Institutional investors own 48.22% of the company’s stock.
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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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