Lands' End (LE) Stock Price Up 9%
Lands' End, Inc. (NASDAQ:LE) shares rose 9% during mid-day trading on Wednesday . The company traded as high as $18.20 and last traded at $18.10. Approximately 884,930 shares traded hands during trading, an increase of 351% from the average daily volume of 196,174 shares. The stock had previously closed at $16.60.
LE has been the subject of a number of recent research reports. Zacks Investment Research upgraded Lands' End from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research note on Saturday, September 9th. ValuEngine upgraded Lands' End from a “sell” rating to a “hold” rating in a research note on Friday, December 1st. Finally, BidaskClub raised Lands' End from a “strong sell” rating to a “sell” rating in a report on Thursday, August 31st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. Lands' End currently has a consensus rating of “Hold” and an average price target of $15.50.
The company has a market capitalization of $500.72, a price-to-earnings ratio of 260.00, a P/E/G ratio of 9.75 and a beta of 0.33. The company has a debt-to-equity ratio of 1.85, a current ratio of 2.29 and a quick ratio of 0.69.
Lands' End (NASDAQ:LE) last posted its earnings results on Tuesday, December 5th. The company reported $0.01 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.15) by $0.16. The business had revenue of $325.50 million during the quarter, compared to analyst estimates of $320.15 million. Lands' End had a positive return on equity of 0.55% and a negative net margin of 7.85%. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the company earned ($0.14) EPS. research analysts anticipate that Lands' End, Inc. will post 0.08 EPS for the current year.
In other news, major shareholder Edward S. Lampert acquired 18,403 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The stock was bought at an average price of $10.83 per share, with a total value of $199,304.49. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Edward S. Lampert acquired 60,218 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The stock was 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 three months, insiders acquired 229,925 shares of company stock valued at $2,500,536. Corporate insiders own 0.51% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Metropolitan Life Insurance Co. NY grew its holdings in shares of Lands' End by 4.3% in the first quarter. Metropolitan Life Insurance Co. NY now owns 12,231 shares of the company’s stock worth $262,000 after acquiring an additional 500 shares during the period. Bank of America Corp DE grew its holdings in shares of Lands' End by 1.2% in the first quarter. Bank of America Corp DE now owns 78,859 shares of the company’s stock worth $1,691,000 after acquiring an additional 971 shares during the period. Bank of New York Mellon Corp lifted its position in Lands' End by 1.5% during the second quarter. Bank of New York Mellon Corp now owns 72,779 shares of the company’s stock valued at $1,084,000 after purchasing an additional 1,103 shares in the last quarter. Wells Fargo & Company MN lifted its position in Lands' End by 57.8% during the third quarter. Wells Fargo & Company MN now owns 14,928 shares of the company’s stock valued at $197,000 after purchasing an additional 5,467 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in Lands' End by 4.7% during the first quarter. Geode Capital Management LLC now owns 134,377 shares of the company’s stock valued at $2,882,000 after purchasing an additional 5,999 shares in the last quarter. 48.22% of the stock is owned by institutional investors.
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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