Lands’ End (NASDAQ:LE) Cut to “Hold” at StockNews.com

StockNews.com cut shares of Lands’ End (NASDAQ:LE) from a buy rating to a hold rating in a report released on Thursday morning.

Separately, Craig Hallum raised their target price on Lands’ End from $15.00 to $20.00 and gave the stock a buy rating in a research note on Thursday, May 16th.

Lands’ End Trading Down 2.2 %

Shares of NASDAQ:LE opened at $14.42 on Thursday. Lands’ End has a 1 year low of $5.98 and a 1 year high of $15.00. The firm has a market capitalization of $452.93 million, a price-to-earnings ratio of -3.40 and a beta of 2.79. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.85 and a quick ratio of 0.53. The business’s 50 day moving average price is $13.65 and its 200-day moving average price is $10.71.

Lands’ End (NASDAQ:LE) last announced its earnings results on Wednesday, March 27th. The company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.03). Lands’ End had a negative net margin of 9.35% and a negative return on equity of 3.57%. The business had revenue of $514.85 million for the quarter, compared to analysts’ expectations of $505.30 million. On average, equities research analysts forecast that Lands’ End will post 0.3 earnings per share for the current fiscal year.

Institutional Trading of Lands’ End

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC boosted its holdings in Lands’ End by 334.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,081 shares of the company’s stock valued at $49,000 after acquiring an additional 3,912 shares during the period. BNP Paribas Financial Markets boosted its holdings in Lands’ End by 65.0% during the 1st quarter. BNP Paribas Financial Markets now owns 6,999 shares of the company’s stock valued at $76,000 after acquiring an additional 2,757 shares during the period. WINTON GROUP Ltd purchased a new position in Lands’ End during the 3rd quarter valued at about $82,000. Corton Capital Inc. purchased a new position in Lands’ End during the 3rd quarter valued at about $103,000. Finally, Barclays PLC boosted its holdings in Lands’ End by 25.3% during the 3rd quarter. Barclays PLC now owns 13,914 shares of the company’s stock valued at $104,000 after acquiring an additional 2,810 shares during the period. 37.46% of the stock is owned by institutional investors and hedge funds.

Lands’ End Company Profile

Lands' End, Inc operates as a digital retailer of casual clothing, swimwear, outerwear, accessories, footwear, and home products in the United States, Europe, Asia, and internationally. It operates through U.S. eCommerce, International, Outfitters, Third Party, and Retail segments. The company also sells uniform and logo apparel.