Lands’ End (NASDAQ:LE) Share Price Passes Above 50 Day Moving Average of $11.32

Shares of Lands’ End, Inc. (NASDAQ:LE) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $11.32 and traded as high as $14.39. Lands’ End shares last traded at $14.20, with a volume of 117,167 shares.

Analyst Ratings Changes

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

Lands’ End Trading Up 0.5 %

The company has a quick ratio of 0.42, a current ratio of 1.58 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $447.19 million, a PE ratio of -3.47 and a beta of 2.86. The stock’s fifty day simple moving average is $11.32 and its 200 day simple moving average is $9.35.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LE. Empowered Funds LLC boosted its holdings in shares of Lands’ End by 69.4% during the 1st quarter. Empowered Funds LLC now owns 54,340 shares of the company’s stock valued at $592,000 after purchasing an additional 22,257 shares during the last quarter. BNP Paribas Financial Markets lifted its position in shares of Lands’ End by 65.0% in the first quarter. BNP Paribas Financial Markets now owns 6,999 shares of the company’s stock worth $76,000 after buying an additional 2,757 shares in the last quarter. Quadrature Capital Ltd bought a new position in Lands’ End during the fourth quarter valued at approximately $175,000. Tower Research Capital LLC TRC boosted its stake in Lands’ End by 334.6% during the fourth 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 last quarter. Finally, Jump Financial LLC purchased a new position in Lands’ End during the 4th quarter valued at approximately $115,000. 37.46% of the stock is currently owned by institutional investors.

Lands’ End Company Profile

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.