Lands’ End (NASDAQ:LE) Shares Pass Below 200 Day Moving Average of $14.66

Lands’ End, Inc. (NASDAQ:LEGet Rating) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $14.66 and traded as low as $14.53. Lands’ End shares last traded at $14.60, with a volume of 90,027 shares traded.

Analysts Set New Price Targets

A number of research firms have recently commented on LE. Craig Hallum lowered shares of Lands’ End from a “buy” rating to a “hold” rating and reduced their price objective for the company from $35.00 to $15.00 in a research note on Friday, April 22nd. StockNews.com lowered shares of Lands’ End from a “hold” rating to a “sell” rating in a research note on Thursday, July 21st.

Lands’ End Stock Performance

The firm has a market capitalization of $487.84 million, a P/E ratio of 17.38 and a beta of 2.46. The company’s 50 day moving average is $11.81 and its 200-day moving average is $14.66. The company has a quick ratio of 0.48, a current ratio of 2.29 and a debt-to-equity ratio of 0.90.

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Denali Advisors LLC raised its holdings in Lands’ End by 27.0% during the first quarter. Denali Advisors LLC now owns 6,500 shares of the company’s stock worth $110,000 after buying an additional 1,381 shares during the last quarter. ProShare Advisors LLC raised its holdings in Lands’ End by 10.3% during the fourth quarter. ProShare Advisors LLC now owns 573,166 shares of the company’s stock worth $11,251,000 after buying an additional 53,408 shares during the last quarter. Gamco Investors INC. ET AL raised its holdings in Lands’ End by 41.3% during the fourth quarter. Gamco Investors INC. ET AL now owns 106,000 shares of the company’s stock worth $2,081,000 after buying an additional 31,000 shares during the last quarter. BNP Paribas Arbitrage SA raised its holdings in Lands’ End by 197.6% during the fourth quarter. BNP Paribas Arbitrage SA now owns 12,047 shares of the company’s stock worth $236,000 after buying an additional 7,999 shares during the last quarter. Finally, Banque Pictet & Cie SA acquired a new position in Lands’ End during the fourth quarter worth $2,845,000. 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.

Further Reading

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