Lands' End (NASDAQ:LE) Raised to “Buy” at BidaskClub

BidaskClub upgraded shares of Lands' End (NASDAQ:LE) from a hold rating to a buy rating in a research note released on Thursday, December 21st.

A number of other equities research analysts also recently weighed in on LE. Zacks Investment Research raised Lands' End from a hold rating to a buy rating and set a $13.00 price target for the company in a research note on Saturday, September 9th. ValuEngine raised Lands' End from a sell rating to a hold rating in a research note on Friday, December 1st. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $15.50.

Lands' End (LE) opened at $19.75 on Thursday. The firm has a market capitalization of $633.92, a price-to-earnings ratio of 329.17, a P/E/G ratio of 12.34 and a beta of 0.35. The company has a debt-to-equity ratio of 1.85, a current ratio of 2.29 and a quick ratio of 0.69. Lands' End has a 1 year low of $10.55 and a 1 year high of $24.80.

Lands' End (NASDAQ:LE) last announced its quarterly earnings data on Tuesday, December 5th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.16. The firm had revenue of $325.50 million during the quarter, compared to the consensus estimate of $320.15 million. Lands' End had a positive return on equity of 0.55% and a negative net margin of 7.85%. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the prior year, the business earned ($0.14) EPS. research analysts expect that Lands' End will post 0.08 earnings per share for the current fiscal year.

In other Lands' End news, major shareholder Edward S. Lampert bought 149,844 shares of the stock in a transaction on Tuesday, October 31st. The shares were purchased at an average price of $10.81 per share, with a total value of $1,619,813.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Edward S. Lampert bought 60,218 shares of the stock in a transaction on Thursday, November 2nd. The stock was acquired at an average cost of $10.97 per share, for a total transaction of $660,591.46. The disclosure for this purchase can be found here. Insiders have bought a total of 229,165 shares of company stock valued at $2,490,588 over the last ninety days. Company insiders own 0.51% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Janus Henderson Group PLC acquired a new stake in shares of Lands' End during the 2nd quarter worth approximately $56,050,000. Point72 Asset Management L.P. acquired a new stake in shares of Lands' End during the 3rd quarter worth approximately $9,097,000. Frontier Capital Management Co. LLC bought a new position in shares of Lands' End during the 3rd quarter worth approximately $5,697,000. Penserra Capital Management LLC lifted its position in shares of Lands' End by 327.0% during the 2nd quarter. Penserra Capital Management LLC now owns 76,086 shares of the company’s stock worth $1,133,000 after buying an additional 58,267 shares during the period. Finally, Morgan Stanley lifted its position in shares of Lands' End by 82.8% during the 1st quarter. Morgan Stanley now owns 93,316 shares of the company’s stock worth $2,002,000 after buying an additional 42,268 shares during the period. 48.22% of the stock is currently owned by hedge funds and other 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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