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Lands’ End (NASDAQ:LE – Get Rating) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.
LE has been the subject of several other research reports. Craig Hallum lowered their price target on shares of Lands’ End to $12.00 in a research report on Tuesday, September 6th. Telsey Advisory Group lowered their price target on shares of Lands’ End to $18.00 in a research report on Tuesday, September 6th.
Lands’ End Stock Up 6.8 %
LE stock opened at $10.95 on Friday. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.89 and a quick ratio of 0.30. Lands’ End has a 1-year low of $7.60 and a 1-year high of $29.70. The firm has a fifty day moving average price of $9.57 and a two-hundred day moving average price of $11.80. The firm has a market cap of $362.61 million, a price-to-earnings ratio of 37.76 and a beta of 2.62.
Lands’ End (NASDAQ:LE – Get Rating) last released its earnings results on Thursday, September 1st. The company reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.05. Lands’ End had a net margin of 0.63% and a return on equity of 2.49%. The firm had revenue of $351.18 million during the quarter, compared to analyst estimates of $344.85 million. During the same quarter in the previous year, the firm earned $0.48 earnings per share. Research analysts predict that Lands’ End will post 0.6 EPS for the current year.
Institutional Trading of Lands’ End
A number of hedge funds have recently bought and sold shares of the company. Hillcrest Wealth Advisors NY LLC purchased a new stake in Lands’ End during the third quarter valued at about $130,000. Towerview LLC increased its holdings in shares of Lands’ End by 52.6% in the 3rd quarter. Towerview LLC now owns 686,584 shares of the company’s stock valued at $5,300,000 after purchasing an additional 236,584 shares during the period. Dupont Capital Management Corp increased its holdings in shares of Lands’ End by 68.2% in the 3rd quarter. Dupont Capital Management Corp now owns 22,183 shares of the company’s stock valued at $171,000 after purchasing an additional 8,991 shares during the period. Federated Hermes Inc. increased its holdings in shares of Lands’ End by 356.9% in the 2nd quarter. Federated Hermes Inc. now owns 192,274 shares of the company’s stock valued at $2,042,000 after purchasing an additional 150,193 shares during the period. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Lands’ End by 39.0% in the 2nd quarter. Goldman Sachs Group Inc. now owns 107,255 shares of the company’s stock valued at $1,139,000 after purchasing an additional 30,094 shares during the period. 40.23% of the stock is owned by hedge funds and other institutional investors.
Lands’ End Company Profile
(Get Rating)
Lands’ End, Inc is a multi-channel retailer of casual clothing, accessories, and footwear, as well as home products. It operates through the following segments: US eCommerce, Outfitters, Europe eCommerce, Japan eCommerce, Third Party, and Retail. The company was founded by Gary C. Comer in 1963 and is headquartered in Dodgeville, WI.
See Also
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