Lands’ End, Inc. (NASDAQ:LE) Sees Significant Increase in Short Interest

Lands’ End, Inc. (NASDAQ:LEGet Rating) was the target of a significant increase in short interest in April. As of April 30th, there was short interest totalling 1,420,000 shares, an increase of 25.7% from the April 15th total of 1,130,000 shares. Based on an average trading volume of 170,400 shares, the days-to-cover ratio is presently 8.3 days. Approximately 10.8% of the shares of the stock are short sold.

A number of equities analysts recently commented on LE shares. Zacks Investment Research upgraded Lands’ End from a “strong sell” rating to a “hold” rating in a research report on Wednesday. Craig Hallum downgraded Lands’ End from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $35.00 to $15.00 in a research report on Friday, April 22nd. Finally, assumed coverage on Lands’ End in a research note on Thursday, March 31st. They set a “hold” rating for the company.

In related news, major shareholder Edward S. Lampert sold 2,913 shares of Lands’ End stock in a transaction that occurred on Wednesday, April 6th. The stock was sold at an average price of $16.25, for a total transaction of $47,336.25. Following the transaction, the insider now owns 17,114,430 shares in the company, valued at $278,109,487.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 3.00% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. ProShare Advisors LLC grew its stake in Lands’ End by 10.3% during the 4th quarter. ProShare Advisors LLC now owns 573,166 shares of the company’s stock worth $11,251,000 after purchasing an additional 53,408 shares in the last quarter. Banque Pictet & Cie SA acquired a new position in Lands’ End during the 4th quarter worth $2,845,000. Voloridge Investment Management LLC acquired a new position in Lands’ End during the 3rd quarter worth $207,000. Point72 Asset Management L.P. acquired a new position in Lands’ End during the 3rd quarter worth $626,000. Finally, Cubist Systematic Strategies LLC grew its stake in Lands’ End by 132.8% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 54,710 shares of the company’s stock worth $1,288,000 after purchasing an additional 31,205 shares in the last quarter. 40.57% of the stock is owned by institutional investors and hedge funds.

LE stock traded down $0.15 during midday trading on Thursday, hitting $11.89. 838 shares of the company’s stock were exchanged, compared to its average volume of 204,334. The business has a 50-day simple moving average of $15.88 and a two-hundred day simple moving average of $18.80. The company has a current ratio of 1.63, a quick ratio of 0.39 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $393.92 million, a PE ratio of 12.16 and a beta of 2.54. Lands’ End has a 1-year low of $11.80 and a 1-year high of $44.40.

Lands’ End (NASDAQ:LEGet Rating) last issued its quarterly earnings data on Wednesday, March 16th. The company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.12). Lands’ End had a net margin of 2.04% and a return on equity of 8.53%. The firm had revenue of $555.38 million during the quarter, compared to analyst estimates of $573.90 million. During the same period in the previous year, the firm posted $0.60 earnings per share. As a group, research analysts expect that Lands’ End will post 0.94 EPS for the current fiscal year.

Lands’ End Company Profile (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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