Lands' End, Inc. (LE) Cut to “Hold” at Zacks Investment Research
Zacks Investment Research lowered shares of Lands' End, Inc. (NASDAQ:LE) from a buy rating to a hold rating in a research report sent to investors on Wednesday.
According to Zacks, “Lands’ End, Inc. operates as a multi-channel retailer. It offers men’s, women’s, and kids’ apparel, outerwear and swimwear; specialty apparel; accessories; footwear; and home products. The Company operates in two segments: Direct and Retail. It offers products through catalogs, online at www.landsend.com and affiliated specialty and international Websites, and through retail locations. Lands’ End, Inc. is based in Dodgeville, Wisconsin. “
Separately, BidaskClub upgraded Lands' End from a strong sell rating to a sell rating in a report on Thursday, August 31st. One equities research analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $14.00.
Shares of Lands' End (NASDAQ:LE) opened at $11.30 on Wednesday. The company has a current ratio of 2.29, a quick ratio of 0.90 and a debt-to-equity ratio of 1.86.
Lands' End (NASDAQ:LE) last released its quarterly earnings data on Thursday, August 31st. The company reported ($0.12) EPS for the quarter, hitting analysts’ consensus estimates of ($0.12). The company had revenue of $302.19 million for the quarter, compared to the consensus estimate of $292.59 million. Lands' End had a negative return on equity of 5.91% and a negative net margin of 1.28%. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period last year, the business posted ($0.06) EPS. equities analysts forecast that Lands' End will post 0.04 EPS for the current year.
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In related news, major shareholder Edward S. Lampert bought 19,178 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The shares were acquired at an average cost of $12.59 per share, for a total transaction of $241,451.02. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Edward S. Lampert bought 66,752 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The shares were bought at an average price of $12.70 per share, for a total transaction of $847,750.40. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 1,270,885 shares of company stock worth $15,489,495. Company insiders own 0.51% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of LE. American International Group Inc. grew its stake in Lands' End by 7.1% during the 1st quarter. American International Group Inc. now owns 9,188 shares of the company’s stock valued at $197,000 after purchasing an additional 608 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in Lands' End during the 2nd quarter valued at approximately $199,000. Nationwide Fund Advisors grew its stake in Lands' End by 110.3% during the 3rd quarter. Nationwide Fund Advisors now owns 17,033 shares of the company’s stock valued at $225,000 after purchasing an additional 8,934 shares in the last quarter. Metropolitan Life Insurance Co. NY grew its stake in Lands' End by 4.3% during the 1st quarter. Metropolitan Life Insurance Co. NY now owns 12,231 shares of the company’s stock valued at $262,000 after purchasing an additional 500 shares in the last quarter. Finally, Credit Suisse AG grew its stake in Lands' End by 84.7% during the 1st quarter. Credit Suisse AG now owns 31,995 shares of the company’s stock valued at $686,000 after purchasing an additional 14,677 shares in the last quarter. Hedge funds and other institutional investors own 60.54% 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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