Lands’ End (NASDAQ:LE) Hits New 52-Week High – What’s Next?

Lands’ End, Inc. (NASDAQ:LE)’s stock price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $17.12 and last traded at $16.81, with a volume of 47501 shares traded. The stock had previously closed at $16.57.

Wall Street Analysts Forecast Growth

LE has been the subject of a number of research reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Lands’ End in a research note on Wednesday, October 8th. Wall Street Zen raised shares of Lands’ End from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Lands’ End currently has an average rating of “Hold”.

Lands’ End Stock Performance

The stock has a 50 day moving average of $15.56 and a two-hundred day moving average of $13.18. The stock has a market capitalization of $504.04 million, a PE ratio of 92.09 and a beta of 2.20. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.62 and a quick ratio of 0.41.

Lands’ End (NASDAQ:LE) last released its earnings results on Monday, January 13th. The company reported $0.06 EPS for the quarter. The company had revenue of $318.63 million during the quarter. Lands’ End had a return on equity of 5.32% and a net margin of 0.46%. Research analysts expect that Lands’ End, Inc. will post 0.41 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Invesco Ltd. lifted its position in shares of Lands’ End by 2.6% during the 1st quarter. Invesco Ltd. now owns 49,457 shares of the company’s stock valued at $503,000 after acquiring an additional 1,252 shares during the period. Nuveen LLC purchased a new position in Lands’ End in the 1st quarter valued at approximately $623,000. American Century Companies Inc. raised its holdings in Lands’ End by 9.5% during the first quarter. American Century Companies Inc. now owns 408,385 shares of the company’s stock worth $4,157,000 after purchasing an additional 35,449 shares during the last quarter. Hsbc Holdings PLC raised its holdings in Lands’ End by 13.5% during the first quarter. Hsbc Holdings PLC now owns 30,278 shares of the company’s stock worth $310,000 after purchasing an additional 3,602 shares during the last quarter. Finally, SVB Wealth LLC purchased a new stake in Lands’ End during the first quarter worth $51,000. 37.46% of the stock is currently owned by institutional investors and hedge funds.

About Lands’ End

Lands’ End, Inc operates as a digital retailer of apparel, swimwear, outerwear, accessories, footwear, home products, and uniform in the United States, Europe, Asia, and internationally. It operates through U.S. eCommerce, International, Outfitters, Third Party, and Retail segments. The company also sells uniform and logo apparel.