Lands’ End (NASDAQ:LE) Releases FY 2022 Earnings Guidance

Lands’ End (NASDAQ:LEGet Rating) updated its FY 2022 earnings guidance on Thursday. The company provided earnings per share guidance of $0.60-$0.88 for the period, compared to the consensus earnings per share estimate of $0.87. The company issued revenue guidance of $1.62 billion-$1.68 billion, compared to the consensus revenue estimate of $1.71 billion. Lands’ End also updated its Q2 2022 guidance to -$0.18–$0.09 EPS.

Several analysts recently weighed in on LE shares. Craig Hallum lowered Lands’ End from a buy rating to a hold rating and decreased their price target for the company from $35.00 to $15.00 in a report on Friday, April 22nd. downgraded shares of Lands’ End from a buy rating to a sell rating in a research note on Saturday, June 11th.

Shares of NASDAQ LE opened at $11.11 on Thursday. Lands’ End has a 1 year low of $9.96 and a 1 year high of $44.40. The firm has a 50-day simple moving average of $13.28 and a two-hundred day simple moving average of $16.58. The company has a market cap of $371.23 million, a P/E ratio of 13.23 and a beta of 2.56. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.29 and a quick ratio of 0.48.

Lands’ End (NASDAQ:LEGet Rating) last issued its quarterly earnings results on Thursday, June 2nd. The company reported ($0.07) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.02. The firm had revenue of $303.67 million during the quarter, compared to analyst estimates of $330.10 million. Lands’ End had a return on equity of 7.12% and a net margin of 1.75%. During the same period last year, the company earned $0.08 EPS. As a group, equities research analysts expect that Lands’ End will post 0.79 EPS for the current year.

In related news, major shareholder Edward S. Lampert sold 2,913 shares of Lands’ End stock in a transaction dated Wednesday, April 6th. The shares were sold at an average price of $16.25, for a total transaction of $47,336.25. Following the completion of the sale, the insider now owns 17,114,430 shares in the company, valued at approximately $278,109,487.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.00% of the stock is currently owned by insiders.

Several hedge funds have recently modified their holdings of the business. BNP Paribas Arbitrage SA increased its stake in shares of Lands’ End by 51.6% during the third quarter. BNP Paribas Arbitrage SA now owns 4,048 shares of the company’s stock valued at $95,000 after buying an additional 1,378 shares during the period. Quantbot Technologies LP purchased a new position in Lands’ End during the 1st quarter valued at about $98,000. MetLife Investment Management LLC raised its holdings in shares of Lands’ End by 56.5% in the 1st quarter. MetLife Investment Management LLC now owns 7,602 shares of the company’s stock valued at $129,000 after purchasing an additional 2,743 shares in the last quarter. Credit Suisse AG lifted its position in shares of Lands’ End by 6.1% in the 4th quarter. Credit Suisse AG now owns 14,715 shares of the company’s stock worth $289,000 after purchasing an additional 843 shares during the period. Finally, Royal Bank of Canada boosted its stake in shares of Lands’ End by 27.3% during the third quarter. Royal Bank of Canada now owns 13,356 shares of the company’s stock valued at $315,000 after purchasing an additional 2,866 shares in the last quarter. Institutional investors and hedge funds own 40.57% of the company’s stock.

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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