Lands’ End (NASDAQ:LE) Posts Earnings Results

Lands’ End (NASDAQ:LE) released its quarterly earnings results on Thursday. The company reported $0.09 EPS for the quarter, meeting analysts’ consensus estimates of $0.09, FiscalAI reports. The firm had revenue of $302.04 million for the quarter, compared to analyst estimates of $300.67 million. Lands’ End had a return on equity of 8.22% and a net margin of 26.24%.

Lands’ End Trading Down 4.6%

NASDAQ LE opened at $11.27 on Thursday. The stock has a market capitalization of $346.44 million, a P/E ratio of 1.02 and a beta of 2.32. The business has a 50 day simple moving average of $11.95 and a 200 day simple moving average of $12.57. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.58 and a quick ratio of 0.37. Lands’ End has a one year low of $9.56 and a one year high of $20.04.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Noble Financial initiated coverage on Lands’ End in a research note on Thursday, June 18th. They issued an “outperform” rating and a $20.00 price objective on the stock. Wall Street Zen downgraded shares of Lands’ End from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Finally, Weiss Ratings upgraded shares of Lands’ End from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, June 11th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $20.00.

Hedge Funds Weigh In On Lands’ End

A number of institutional investors and hedge funds have recently modified their holdings of the business. Integrated Wealth Concepts LLC acquired a new stake in shares of Lands’ End during the 1st quarter worth approximately $104,000. Empowered Funds LLC lifted its position in shares of Lands’ End by 8.6% during the 1st quarter. Empowered Funds LLC now owns 70,257 shares of the company’s stock valued at $715,000 after acquiring an additional 5,543 shares during the period. Jane Street Group LLC boosted its stake in Lands’ End by 45.7% during the first quarter. Jane Street Group LLC now owns 26,229 shares of the company’s stock worth $267,000 after acquiring an additional 8,231 shares in the last quarter. Hsbc Holdings PLC boosted its stake in Lands’ End by 6.7% during the second quarter. Hsbc Holdings PLC now owns 32,310 shares of the company’s stock worth $350,000 after acquiring an additional 2,032 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Lands’ End by 7.9% in the second quarter. Arrowstreet Capital Limited Partnership now owns 275,447 shares of the company’s stock worth $2,950,000 after purchasing an additional 20,150 shares during the period. 37.46% of the stock is currently owned by institutional investors.

About Lands’ End

Lands’ End, Inc (NASDAQ: LE) is an American retailer specializing in casual apparel, accessories and home goods. Headquartered in Dodgeville, Wisconsin, the company sells its products through a combination of direct-to-consumer channels including e-commerce, catalogues and a network of outlet stores. Lands’ End is known for its nautical-inspired designs, functional outerwear and commitment to quality fabrics.

Founded in 1963 by Gary Comer as a mail-order sailing supply business, Lands’ End rapidly expanded its product offering beyond marine gear.