Lands’ End, Inc. (LE) Cut to “Strong Sell” at BidaskClub
BidaskClub downgraded shares of Lands’ End, Inc. (NASDAQ:LE) from a sell rating to a strong sell rating in a research note released on Wednesday morning.
Separately, Zacks Investment Research lowered shares of Lands’ End from a buy rating to a hold rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. The stock currently has a consensus rating of Hold and an average 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 has a 12 month low of $10.55 and a 12 month high of $24.80.
Lands’ End (NASDAQ:LE) last issued its quarterly earnings results on Thursday, August 31st. The company reported ($0.12) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.12). The business had revenue of $302.19 million during the quarter, compared to analyst estimates of $292.59 million. Lands’ End had a negative net margin of 8.48% and a negative return on equity of 0.73%. The business’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.06) earnings per share. equities analysts expect that Lands’ End will post 0.04 EPS for the current fiscal year.
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In other news, CEO Jerome Griffith purchased 20,000 shares of Lands’ End stock in a transaction dated Tuesday, September 5th. The stock was bought at an average price of $11.47 per share, with a total value of $229,400.00. Following the completion of the acquisition, the chief executive officer now owns 81,717 shares in the company, valued at approximately $937,293.99. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Edward S. Lampert purchased 60,218 shares of Lands’ End stock in a transaction dated Thursday, November 2nd. The shares were purchased at an average cost of $10.97 per share, with a total value of $660,591.46. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 1,270,885 shares of company stock valued at $15,489,495. 0.51% of the stock is owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. American International Group Inc. boosted its holdings in shares of Lands’ End by 7.1% during the first quarter. American International Group Inc. now owns 9,188 shares of the company’s stock valued at $197,000 after acquiring an additional 608 shares during the period. Metropolitan Life Insurance Co. NY boosted its holdings in shares of Lands’ End by 4.3% during the first quarter. Metropolitan Life Insurance Co. NY now owns 12,231 shares of the company’s stock valued at $262,000 after acquiring an additional 500 shares during the period. Arrowstreet Capital Limited Partnership acquired a new position in shares of Lands’ End during the second quarter valued at $199,000. Nationwide Fund Advisors boosted its holdings in shares of Lands’ End by 110.3% during the third quarter. Nationwide Fund Advisors now owns 17,033 shares of the company’s stock valued at $225,000 after acquiring an additional 8,934 shares during the period. Finally, Credit Suisse AG boosted its holdings in shares of Lands’ End by 84.7% during the first quarter. Credit Suisse AG now owns 31,995 shares of the company’s stock valued at $686,000 after acquiring an additional 14,677 shares during the period. 60.54% of the stock is owned by institutional investors.
About Lands’ End
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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