Lands’ End (NASDAQ:LE) Stock Price Passes Above 50-Day Moving Average – Here’s Why

Lands’ End, Inc. (NASDAQ:LE)’s share price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $16.57 and traded as high as $16.72. Lands’ End shares last traded at $15.90, with a volume of 239,286 shares traded.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Lands’ End in a research note on Monday, December 29th. Wall Street Zen upgraded shares of Lands’ End from a “buy” rating to a “strong-buy” rating in a research note on Saturday, December 13th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold”.

Lands’ End Stock Performance

The stock has a market capitalization of $485.75 million, a P/E ratio of 42.97 and a beta of 2.31. The company has a quick ratio of 0.43, a current ratio of 1.76 and a debt-to-equity ratio of 1.26. The business has a fifty day moving average price of $16.57 and a 200-day moving average price of $15.70.

Lands’ End (NASDAQ:LE) last released its quarterly earnings data on Tuesday, December 9th. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.17 by $0.04. Lands’ End had a return on equity of 7.32% and a net margin of 0.89%.The company had revenue of $317.49 million for the quarter, compared to analysts’ expectations of $330.93 million. During the same period last year, the firm posted $0.06 earnings per share. On average, sell-side analysts expect that Lands’ End, Inc. will post 0.41 EPS for the current year.

Institutional Trading of Lands’ End

A number of large investors have recently made changes to their positions in LE. Goldman Sachs Group Inc. grew its position in Lands’ End by 3.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 19,835 shares of the company’s stock worth $288,000 after purchasing an additional 674 shares during the period. BNP Paribas Financial Markets lifted its holdings in shares of Lands’ End by 83.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,384 shares of the company’s stock valued at $34,000 after buying an additional 1,081 shares during the period. Strs Ohio boosted its stake in shares of Lands’ End by 3.5% in the 4th quarter. Strs Ohio now owns 35,600 shares of the company’s stock worth $517,000 after buying an additional 1,200 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of Lands’ End by 14.5% in the 4th quarter. Wells Fargo & Company MN now owns 10,355 shares of the company’s stock worth $150,000 after buying an additional 1,309 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in shares of Lands’ End by 10.1% in the fourth quarter. Russell Investments Group Ltd. now owns 20,290 shares of the company’s stock worth $295,000 after acquiring an additional 1,853 shares during the period. 37.46% of the stock is currently owned by institutional investors.

Lands’ End Company Profile

Lands’ End, Inc (NASDAQ: LE) is an American retailer specializing in casual apparel, accessories and home goods. Headquartered in Dodgeville, Wisconsin, the company sells its products through a combination of direct-to-consumer channels including e-commerce, catalogues and a network of outlet stores. Lands’ End is known for its nautical-inspired designs, functional outerwear and commitment to quality fabrics.

Founded in 1963 by Gary Comer as a mail-order sailing supply business, Lands’ End rapidly expanded its product offering beyond marine gear.