Towerview LLC Raises Stake in Lands’ End, Inc. (NASDAQ:LE)

Towerview LLC raised its position in Lands’ End, Inc. (NASDAQ:LE) by 22.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 460,000 shares of the company’s stock after buying an additional 85,000 shares during the quarter. Lands’ End comprises about 3.2% of Towerview LLC’s holdings, making the stock its 6th largest position. Towerview LLC owned about 1.43% of Lands’ End worth $5,621,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BNP Paribas Arbitrage SA grew its position in shares of Lands’ End by 1,107.7% in the first quarter. BNP Paribas Arbitrage SA now owns 2,826 shares of the company’s stock valued at $47,000 after purchasing an additional 2,592 shares in the last quarter. Alambic Investment Management L.P. purchased a new position in shares of Lands’ End in the first quarter valued at $251,000. Dupont Capital Management Corp purchased a new position in shares of Lands’ End in the first quarter valued at $349,000. Jane Street Group LLC purchased a new position in shares of Lands’ End in the fourth quarter valued at $324,000. Finally, Strs Ohio grew its position in shares of Lands’ End by 7.5% in the second quarter. Strs Ohio now owns 27,200 shares of the company’s stock valued at $332,000 after purchasing an additional 1,900 shares in the last quarter. Hedge funds and other institutional investors own 50.89% of the company’s stock.

Several research firms recently commented on LE. Craig Hallum upgraded Lands’ End from a “hold” rating to a “buy” rating in a research report on Tuesday, June 4th. BidaskClub cut Lands’ End from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 4th.

Shares of NASDAQ LE traded down $0.46 during midday trading on Monday, reaching $9.64. The company had a trading volume of 6,167 shares, compared to its average volume of 122,932. Lands’ End, Inc. has a one year low of $9.97 and a one year high of $27.40. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.53 and a current ratio of 2.16. The company’s fifty day simple moving average is $11.54. The company has a market cap of $325.34 million, a PE ratio of 26.96 and a beta of 1.00.

Lands’ End (NASDAQ:LE) last released its earnings results on Tuesday, June 4th. The company reported ($0.21) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.09. Lands’ End had a return on equity of 2.39% and a net margin of 0.52%. The company had revenue of $262.43 million during the quarter, compared to analyst estimates of $260.64 million. During the same quarter in the previous year, the company posted ($0.08) EPS. Lands’ End’s revenue for the quarter was down 12.5% on a year-over-year basis. As a group, research analysts anticipate that Lands’ End, Inc. will post 0.4 earnings per share for the current fiscal year.

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 through U.S. eCommerce, Outfitters, Europe eCommerce, Japan eCommerce, and Retail segments. It offers casual clothing, accessories, footwear, and home products.

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Institutional Ownership by Quarter for Lands` End (NASDAQ:LE)

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