Lands’ End (NASDAQ:LE) Share Price Passes Above Fifty Day Moving Average of $9.94

Lands’ End, Inc. (NASDAQ:LE) shares crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $9.94 and traded as high as $13.11. Lands’ End shares last traded at $12.84, with a volume of 123,816 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Craig Hallum upgraded shares of Lands’ End from a “hold” rating to a “buy” rating and upped their price objective for the company from $9.00 to $15.00 in a report on Thursday, March 28th.

Lands’ End Trading Up 1.3 %

The firm has a market cap of $404.33 million, a PE ratio of -3.14 and a beta of 2.97. The company has a current ratio of 1.58, a quick ratio of 0.42 and a debt-to-equity ratio of 0.98. The company has a 50-day simple moving average of $9.94 and a 200 day simple moving average of $8.64.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Barclays PLC lifted its position in shares of Lands’ End by 25.3% during the 3rd quarter. Barclays PLC now owns 13,914 shares of the company’s stock valued at $104,000 after buying an additional 2,810 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Lands’ End by 17.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 68,713 shares of the company’s stock valued at $513,000 after purchasing an additional 10,418 shares during the last quarter. Strs Ohio raised its stake in Lands’ End by 6.1% in the 3rd quarter. Strs Ohio now owns 34,600 shares of the company’s stock valued at $258,000 after purchasing an additional 2,000 shares during the last quarter. Gamco Investors INC. ET AL raised its stake in Lands’ End by 21.8% in the 3rd quarter. Gamco Investors INC. ET AL now owns 285,000 shares of the company’s stock valued at $2,129,000 after purchasing an additional 51,000 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in Lands’ End by 40.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 29,340 shares of the company’s stock valued at $219,000 after purchasing an additional 8,501 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.