Lands’ End, Inc. (NASDAQ:LE) Short Interest Update

Lands’ End, Inc. (NASDAQ:LE) was the recipient of a large growth in short interest in July. As of July 15th, there was short interest totalling 844,400 shares, a growth of 6.0% from the June 30th total of 796,500 shares. Approximately 7.2% of the shares of the company are sold short. Based on an average daily volume of 131,600 shares, the short-interest ratio is currently 6.4 days.

Lands’ End Trading Down 3.6 %

Shares of LE stock opened at $17.06 on Friday. Lands’ End has a 52-week low of $5.98 and a 52-week high of $18.27. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.53 and a current ratio of 1.85. The firm has a market capitalization of $535.85 million, a PE ratio of -4.02 and a beta of 2.84. The stock has a fifty day simple moving average of $14.88 and a two-hundred day simple moving average of $12.25.

Lands’ End (NASDAQ:LE) last issued its quarterly earnings results on Wednesday, June 5th. The company reported ($0.20) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.07. Lands’ End had a negative return on equity of 3.57% and a negative net margin of 9.35%. The business had revenue of $285.47 million during the quarter, compared to analyst estimates of $271.60 million. On average, analysts predict that Lands’ End will post 0.3 EPS for the current fiscal year.

Analyst Ratings Changes

LE has been the subject of several analyst reports. StockNews.com lowered Lands’ End from a “buy” rating to a “hold” rating in a research note on Thursday, June 13th. Craig Hallum increased their price target on Lands’ End from $15.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, May 16th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp grew its position in shares of Lands’ End by 8.9% during the second quarter. Bank of New York Mellon Corp now owns 53,245 shares of the company’s stock valued at $724,000 after purchasing an additional 4,334 shares in the last quarter. Gladius Capital Management LP purchased a new position in shares of Lands’ End during the second quarter valued at about $31,000. Simplicity Wealth LLC purchased a new position in shares of Lands’ End during the second quarter valued at about $373,000. O Shaughnessy Asset Management LLC grew its position in shares of Lands’ End by 41.6% during the first quarter. O Shaughnessy Asset Management LLC now owns 14,962 shares of the company’s stock valued at $163,000 after purchasing an additional 4,392 shares in the last quarter. Finally, Empowered Funds LLC lifted its holdings in shares of Lands’ End by 69.4% in the 1st quarter. Empowered Funds LLC now owns 54,340 shares of the company’s stock valued at $592,000 after acquiring an additional 22,257 shares during the last quarter. Hedge funds and other institutional investors own 37.46% of the company’s stock.

About Lands’ End

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.