Cornercap Investment Counsel Inc. Sells 20,613 Shares of Lands’ End, Inc. (NASDAQ:LE)

Cornercap Investment Counsel Inc. reduced its holdings in shares of Lands’ End, Inc. (NASDAQ:LE) by 51.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,119 shares of the company’s stock after selling 20,613 shares during the quarter. Cornercap Investment Counsel Inc. owned 0.06% of Lands’ End worth $330,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Gladius Capital Management LP bought a new position in Lands’ End in the second quarter valued at about $31,000. SG Americas Securities LLC bought a new position in Lands’ End in the third quarter valued at about $101,000. BNP Paribas Financial Markets lifted its holdings in Lands’ End by 65.0% in the first 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. O Shaughnessy Asset Management LLC lifted its holdings in Lands’ End by 41.6% in the first quarter. O Shaughnessy Asset Management LLC now owns 14,962 shares of the company’s stock valued at $163,000 after acquiring an additional 4,392 shares during the period. Finally, XTX Topco Ltd bought a new position in Lands’ End in the second quarter valued at about $343,000. 37.46% of the stock is owned by institutional investors.

Lands’ End Stock Down 4.4 %

NASDAQ LE opened at $15.40 on Monday. The stock’s 50-day moving average price is $16.37 and its 200-day moving average price is $15.33. The company has a quick ratio of 0.41, a current ratio of 1.64 and a debt-to-equity ratio of 1.10. Lands’ End, Inc. has a 52 week low of $6.35 and a 52 week high of $19.88. The company has a market capitalization of $480.37 million, a P/E ratio of -3.70 and a beta of 2.78.

Lands’ End (NASDAQ:LE) last posted its quarterly earnings data on Thursday, September 5th. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.08. Lands’ End had a negative return on equity of 1.03% and a negative net margin of 9.20%. The firm had revenue of $317.17 million for the quarter, compared to the consensus estimate of $306.00 million. On average, equities research analysts predict that Lands’ End, Inc. will post 0.37 earnings per share for the current year.

Analysts Set New Price Targets

Separately, StockNews.com raised Lands’ End from a “hold” rating to a “buy” rating in a report on Friday, September 6th.

Lands’ End Profile

Lands’ End, Inc operates as a digital retailer of apparel, swimwear, outerwear, accessories, footwear, home products, and uniform 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.