BidaskClub Downgrades Lands’ End, Inc. (LE) to Strong Sell
Lands’ End, Inc. (NASDAQ:LE) was downgraded by investment analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued to investors on Thursday.
A number of other research firms have also recently commented on LE. ValuEngine raised shares of Lands’ End from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Craig Hallum set a $15.00 target price on shares of Lands’ End and gave the stock a “hold” rating in a research report on Wednesday, June 21st. Zacks Investment Research cut shares of Lands’ End from a “hold” rating to a “sell” rating in a research report on Tuesday, June 13th. Finally, TheStreet cut shares of Lands’ End from a “c-” rating to a “d+” rating in a research report on Thursday, June 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Lands’ End presently has a consensus rating of “Hold” and a consensus target price of $14.00.
Shares of Lands’ End (NASDAQ:LE) opened at 12.00 on Thursday. The stock’s market capitalization is $385.14 million. The company’s 50-day moving average is $12.69 and its 200 day moving average is $16.75. Lands’ End has a 52 week low of $11.20 and a 52 week high of $24.80.
Lands’ End (NASDAQ:LE) last posted its earnings results on Thursday, August 31st. The company reported ($0.12) EPS for the quarter, hitting analysts’ consensus estimates of ($0.12). Lands’ End had a negative net margin of 8.48% and a negative return on equity of 0.73%. The business had revenue of $302.19 million for the quarter, compared to analysts’ expectations of $292.59 million. During the same period in the previous year, the company posted ($0.06) earnings per share. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. On average, equities analysts forecast that Lands’ End will post $0.15 EPS for the current fiscal year.
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In related news, CEO Jerome Griffith purchased 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 5th. The stock was acquired at an average price of $11.47 per share, for a total transaction of $229,400.00. Following the completion of the purchase, the chief executive officer now owns 81,717 shares in the company, valued at $937,293.99. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Edward S. Lampert purchased 550,100 shares of the company’s stock in a transaction that occurred on Monday, July 24th. The stock was bought at an average price of $13.48 per share, with a total value of $7,415,348.00. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 3,077,570 shares of company stock valued at $40,178,858. Insiders own 0.51% of the company’s stock.
Several large investors have recently modified their holdings of LE. Janus Henderson Group PLC bought a new stake in shares of Lands’ End in the second quarter worth $56,050,000. Penserra Capital Management LLC increased its stake in shares of Lands’ End by 327.0% in the second quarter. Penserra Capital Management LLC now owns 76,086 shares of the company’s stock worth $1,133,000 after buying an additional 58,267 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Lands’ End by 4.4% in the first quarter. Vanguard Group Inc. now owns 1,138,476 shares of the company’s stock worth $24,421,000 after buying an additional 47,488 shares during the last quarter. Morgan Stanley increased its stake in shares of Lands’ End by 82.8% in the first quarter. Morgan Stanley now owns 93,316 shares of the company’s stock worth $2,002,000 after buying an additional 42,268 shares during the last quarter. Finally, Janus Capital Management LLC increased its stake in shares of Lands’ End by 0.9% in the first quarter. Janus Capital Management LLC now owns 3,796,295 shares of the company’s stock worth $81,431,000 after buying an additional 33,925 shares during the last quarter. Institutional investors and hedge funds own 60.51% of the company’s stock.
Lands’ End Company Profile
Lands’ End, Inc (Lands’ End) is a multi-channel retailer of casual clothing, accessories and footwear, as well as home products. The Company operates through two segments: Direct and Retail. The Company offers products through catalogs, online at www.landsend.com. The Direct segment sells products through the Company’s e-commerce Websites, international Websites and direct mail catalogs.
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