Lands’ End (NASDAQ:LE) Stock Passes Above 50 Day Moving Average of $10.58

Lands’ End, Inc. (NASDAQ:LE)’s stock price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $10.58 and traded as high as $13.98. Lands’ End shares last traded at $13.93, with a volume of 124,093 shares changing hands.

Analysts Set New Price Targets

Separately, Craig Hallum upgraded Lands’ End from a “hold” rating to a “buy” rating and raised their price target for the stock from $9.00 to $15.00 in a research report on Thursday, March 28th.

Lands’ End Price Performance

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 market capitalization of $438.68 million, a PE ratio of -3.41 and a beta of 2.97. The stock’s 50-day moving average is $10.58 and its two-hundred day moving average is $8.99.

Lands’ End (NASDAQ:LE) last released its earnings results on Wednesday, March 27th. The company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.03). Lands’ End had a negative net margin of 8.87% and a negative return on equity of 1.70%. The business had revenue of $514.85 million for the quarter, compared to the consensus estimate of $505.30 million. On average, equities analysts predict that Lands’ End, Inc. will post 0.2 EPS for the current year.

Institutional Trading of Lands’ End

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Carmel Capital Partners LLC bought a new position in shares of Lands’ End in the third quarter worth about $30,000. Tower Research Capital LLC TRC boosted its position in Lands’ End by 334.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,081 shares of the company’s stock valued at $49,000 after buying an additional 3,912 shares during the period. WINTON GROUP Ltd bought a new position in Lands’ End in the 3rd quarter worth about $82,000. Corton Capital Inc. purchased a new position in shares of Lands’ End during the third quarter worth approximately $103,000. Finally, Barclays PLC increased its position in shares of Lands’ End by 25.3% during the third quarter. Barclays PLC now owns 13,914 shares of the company’s stock worth $104,000 after acquiring an additional 2,810 shares during the period. 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.