Towerview LLC raised its stake in Lands' End, Inc. (NASDAQ:LE) by 45.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 290,000 shares of the company’s stock after acquiring an additional 89,979 shares during the period. Lands' End comprises about 2.7% of Towerview LLC’s investment portfolio, making the stock its 8th largest position. Towerview LLC owned 0.90% of Lands' End worth $5,670,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors also recently made changes to their positions in LE. Wells Fargo & Company MN boosted its stake in Lands' End by 57.8% in the third quarter. Wells Fargo & Company MN now owns 14,928 shares of the company’s stock worth $197,000 after purchasing an additional 5,467 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of Lands' End during the second quarter valued at $199,000. Nationwide Fund Advisors lifted its stake in shares of Lands' End by 110.3% during the third 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 period. GSA Capital Partners LLP acquired a new position in shares of Lands' End during the third quarter valued at $275,000. Finally, Gamco Investors INC. ET AL lifted its stake in shares of Lands' End by 94.8% during the third quarter. Gamco Investors INC. ET AL now owns 78,000 shares of the company’s stock valued at $1,030,000 after acquiring an additional 37,952 shares during the period. Hedge funds and other institutional investors own 52.43% of the company’s stock.
LE has been the subject of a number of recent analyst reports. BidaskClub upgraded Lands' End from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 25th. Zacks Investment Research downgraded Lands' End from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. Finally, ValuEngine raised Lands' End from a “sell” rating to a “hold” rating in a research report on Friday, December 1st. Four equities research analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and a consensus target price of $15.50.
Lands' End, Inc. (NASDAQ LE) traded down $0.10 on Wednesday, hitting $17.20. The stock had a trading volume of 98,100 shares, compared to its average volume of 167,055. Lands' End, Inc. has a 52 week low of $10.55 and a 52 week high of $24.80. The firm has a market capitalization of $555.29, a PE ratio of 288.33, a price-to-earnings-growth ratio of 3.76 and a beta of 0.14. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.69 and a current ratio of 2.29.
Lands' End (NASDAQ:LE) last released its quarterly earnings data on Tuesday, December 5th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.15) by $0.16. The company had revenue of $325.50 million during the quarter, compared to analysts’ expectations 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 was up 4.5% on a year-over-year basis. During the same period last year, the firm posted ($0.14) earnings per share. analysts forecast that Lands' End, Inc. will post 0.08 earnings per share for the current year.
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About Lands' End
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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