Swiss National Bank increased its stake in Lands’ End, Inc. (NASDAQ:LE) by 12.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,010 shares of the company’s stock after acquiring an additional 2,700 shares during the period. Swiss National Bank’s holdings in Lands’ End were worth $561,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. MetLife Investment Advisors LLC bought a new position in Lands’ End during the 4th quarter valued at approximately $132,000. The Manufacturers Life Insurance Company raised its position in Lands’ End by 103.6% during the 4th quarter. The Manufacturers Life Insurance Company now owns 12,572 shares of the company’s stock valued at $246,000 after purchasing an additional 6,397 shares during the last quarter. Jefferies Group LLC raised its position in Lands’ End by 130.6% during the 4th quarter. Jefferies Group LLC now owns 30,681 shares of the company’s stock valued at $600,000 after purchasing an additional 17,378 shares during the last quarter. Two Sigma Advisers LP raised its position in Lands’ End by 174.8% during the 4th quarter. Two Sigma Advisers LP now owns 34,900 shares of the company’s stock valued at $682,000 after purchasing an additional 22,200 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in Lands’ End by 24.3% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 72,162 shares of the company’s stock valued at $1,411,000 after purchasing an additional 14,113 shares during the last quarter. 50.15% of the stock is owned by institutional investors.
A number of research firms have commented on LE. BidaskClub raised Lands’ End from a “hold” rating to a “buy” rating in a research report on Wednesday, June 13th. ValuEngine raised Lands’ End from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. TheStreet raised Lands’ End from a “d+” rating to a “c” rating in a research report on Thursday, March 22nd. Finally, Craig Hallum upped their target price on Lands’ End from $15.00 to $20.00 and gave the stock a “hold” rating in a report on Friday, March 23rd. They noted that the move was a valuation call. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Lands’ End presently has a consensus rating of “Hold” and a consensus price target of $18.00.
In related news, CMO Gill Brown Hong bought 1,525 shares of Lands’ End stock in a transaction dated Friday, April 13th. The shares were bought at an average cost of $22.20 per share, with a total value of $33,855.00. Following the acquisition, the chief marketing officer now owns 3,425 shares in the company, valued at approximately $76,035. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.00% of the company’s stock.
Lands’ End opened at $26.45 on Tuesday, Marketbeat Ratings reports. The company has a current ratio of 2.79, a quick ratio of 1.21 and a debt-to-equity ratio of 1.59. Lands’ End, Inc. has a fifty-two week low of $10.55 and a fifty-two week high of $31.15. The company has a market cap of $897.10 million, a price-to-earnings ratio of 377.86 and a beta of -0.20.
Lands’ End (NASDAQ:LE) last issued its quarterly earnings data on Tuesday, June 12th. The company reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.09. The firm had revenue of $299.83 million for the quarter, compared to analyst estimates of $285.00 million. Lands’ End had a return on equity of 2.11% and a net margin of 2.32%. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.24) EPS.
About Lands’ End
Lands' End, Inc operates as a multi-channel retailer in the United States, the United Kingdom, Germany, and Japan. The company operates in two segments, Direct and Retail. It offers casual clothing, accessories, footwear, and home products. The company sells its products online through landsend.com, and affiliated specialty and international Websites; direct mail catalogs; and retail locations primarily at Lands' End Shops at Sears, Lands' End stores, and international shop-in-shops.
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