JPMorgan Chase & Co. Purchases 46,094 Shares of Lands’ End, Inc. (NASDAQ:LE)

JPMorgan Chase & Co. increased its position in shares of Lands’ End, Inc. (NASDAQ:LE) by 21.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 258,010 shares of the company’s stock after buying an additional 46,094 shares during the period. JPMorgan Chase & Co. owned 0.83% of Lands’ End worth $3,390,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AlphaQuest LLC bought a new position in Lands’ End in the 4th quarter valued at about $101,000. Inceptionr LLC acquired a new position in shares of Lands’ End in the fourth quarter valued at about $150,000. Magnetar Financial LLC acquired a new position in shares of Lands’ End in the fourth quarter valued at about $195,000. Bailard Inc. bought a new position in Lands’ End during the fourth quarter worth about $219,000. Finally, Barclays PLC raised its stake in Lands’ End by 82.3% in the 3rd quarter. Barclays PLC now owns 29,940 shares of the company’s stock worth $517,000 after purchasing an additional 13,520 shares in the last quarter. 37.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com cut Lands’ End from a “strong-buy” rating to a “buy” rating in a report on Monday, February 17th.

Lands’ End Price Performance

Shares of NASDAQ:LE opened at $8.81 on Tuesday. The company has a current ratio of 1.74, a quick ratio of 0.45 and a debt-to-equity ratio of 1.29. The stock has a market capitalization of $272.06 million, a PE ratio of -13.35 and a beta of 2.64. The firm has a 50 day moving average of $10.53 and a 200-day moving average of $13.21. Lands’ End, Inc. has a 12 month low of $8.15 and a 12 month high of $19.88.

Lands’ End (NASDAQ:LE) last issued its earnings results on Thursday, March 20th. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.01). The business had revenue of $441.66 million for the quarter, compared to analyst estimates of $458.69 million. Lands’ End had a positive return on equity of 1.24% and a negative net margin of 1.46%. During the same period in the previous year, the firm posted $0.25 EPS. On average, equities research analysts predict that Lands’ End, Inc. will post 0.41 EPS for the current fiscal year.

Lands’ End Profile

Lands’ End, Inc operates as a digital retailer of apparel, swimwear, outerwear, accessories, footwear, home products, and uniform 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.