Zacks: Brokerages Expect Lands’ End, Inc. (NASDAQ:LE) Will Announce Earnings of -$0.09 Per Share

Analysts expect that Lands’ End, Inc. (NASDAQ:LEGet Rating) will post ($0.09) earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Lands’ End’s earnings, with the lowest EPS estimate coming in at ($0.10) and the highest estimate coming in at ($0.07). Lands’ End posted earnings of $0.08 per share during the same quarter last year, which would indicate a negative year over year growth rate of 212.5%. The company is scheduled to announce its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Lands’ End will report full year earnings of $0.94 per share for the current year, with EPS estimates ranging from $0.91 to $0.96. For the next year, analysts anticipate that the company will post earnings of $1.44 per share, with EPS estimates ranging from $1.25 to $1.63. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Lands’ End.

Lands’ End (NASDAQ:LEGet Rating) last announced its earnings results on Wednesday, March 16th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.12). The company had revenue of $555.38 million for the quarter, compared to analyst estimates of $573.90 million. Lands’ End had a return on equity of 8.53% and a net margin of 2.04%. During the same period in the previous year, the firm posted $0.60 earnings per share.

LE has been the subject of several research analyst reports. Craig Hallum lowered Lands’ End from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $35.00 to $15.00 in a research report on Friday, April 22nd. StockNews.com initiated coverage on Lands’ End in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Zacks Investment Research lowered Lands’ End from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 22nd.

Shares of LE stock traded up $0.59 during mid-day trading on Monday, hitting $13.02. The company’s stock had a trading volume of 164,177 shares, compared to its average volume of 182,883. The company’s fifty day simple moving average is $16.10 and its 200-day simple moving average is $19.07. Lands’ End has a 52 week low of $11.80 and a 52 week high of $44.40. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.39 and a current ratio of 1.63. The company has a market cap of $431.35 million, a PE ratio of 13.15 and a beta of 2.54.

In related news, major shareholder Edward S. Lampert sold 2,913 shares of the business’s stock in a transaction dated Wednesday, April 6th. The stock was sold at an average price of $16.25, for a total value of $47,336.25. Following the completion of the sale, the insider now directly owns 17,114,430 shares of the company’s stock, valued at approximately $278,109,487.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.00% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of LE. Morgan Stanley increased its holdings in Lands’ End by 463.0% during the 2nd quarter. Morgan Stanley now owns 58,005 shares of the company’s stock worth $2,381,000 after purchasing an additional 47,703 shares in the last quarter. Wells Fargo & Company MN increased its holdings in Lands’ End by 67.9% during the 2nd quarter. Wells Fargo & Company MN now owns 58,922 shares of the company’s stock worth $2,419,000 after purchasing an additional 23,824 shares in the last quarter. SG Americas Securities LLC bought a new stake in Lands’ End during the 3rd quarter worth approximately $258,000. Deutsche Bank AG increased its holdings in Lands’ End by 76.2% during the 3rd quarter. Deutsche Bank AG now owns 18,764 shares of the company’s stock worth $441,000 after purchasing an additional 8,116 shares in the last quarter. Finally, Advisor Group Holdings Inc. increased its holdings in Lands’ End by 122.6% during the 3rd quarter. Advisor Group Holdings Inc. now owns 5,211 shares of the company’s stock worth $123,000 after purchasing an additional 2,870 shares in the last quarter. 40.57% of the stock is owned by hedge funds and other institutional investors.

About Lands’ End (Get Rating)

Lands' End, Inc operates as a uni-channel retailer of casual clothing, accessories, footwear, and home products in the United States, Europe, Asia, and internationally. It operates through U.S. eCommerce, Europe eCommerce, Japan eCommerce, Outfitters, Third Party, and Retail segments. The company sells its products online through e-commerce, company operated stores, as well as through third party distribution channels under the Lands' End, Let's Get Comfy, Lands' End Lighthouse, Square Rigger, Squall, Super-T, Drifter, Outrigger, Marinac, Beach Living, as well as Supima, No-Gape, Starfish, Iron Knees, Hyde Park, Year' Rounder, ClassMate, Willis & Geiger, and ThermaCheck brands.

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