Lands’ End, Inc. (LE) Downgraded by BidaskClub

Lands’ End, Inc. (NASDAQ:LE) was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report released on Thursday.

A number of other research analysts also recently commented on LE. Zacks Investment Research upgraded Lands’ End from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. TheStreet downgraded Lands’ End from a “c-” rating to a “d+” rating in a research note on Thursday, June 8th. ValuEngine upgraded Lands’ End from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Craig Hallum set a $15.00 price objective on Lands’ End and gave the stock a “hold” rating in a research note on Wednesday, June 21st. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. Lands’ End has a consensus rating of “Hold” and an average target price of $14.00.

Lands’ End (NASDAQ LE) remained flat at $11.75 during trading on Thursday. 233,265 shares of the company’s stock were exchanged. Lands’ End has a 12 month low of $11.20 and a 12 month high of $24.80. The firm’s market cap is $377.12 million. The firm’s 50-day moving average price is $12.69 and its 200 day moving average price is $16.75.

Lands’ End (NASDAQ:LE) last issued its quarterly earnings data on Thursday, August 31st. The company reported ($0.12) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.12). The firm had revenue of $302.19 million during the quarter, compared to the consensus estimate of $292.59 million. Lands’ End had a negative return on equity of 0.73% and a negative net margin of 8.48%. The firm’s revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the business earned ($0.06) EPS. On average, analysts expect that Lands’ End will post $0.15 earnings per share for the current fiscal year.

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In other Lands’ End news, CEO Jerome Griffith purchased 20,000 shares of the firm’s 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 purchase, 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 can be accessed through this link. Also, major shareholder Edward S. Lampert purchased 550,100 shares of the firm’s stock in a transaction dated Monday, July 24th. The stock was acquired at an average cost of $13.48 per share, with a total value of $7,415,348.00. The disclosure for this purchase can be found here. In the last three months, insiders bought 3,077,570 shares of company stock valued at $40,178,858. Company insiders own 0.51% of the company’s stock.

Several large investors have recently added to or reduced their stakes in LE. Teachers Advisors LLC grew its stake in shares of Lands’ End by 22.9% in the fourth quarter. Teachers Advisors LLC now owns 53,803 shares of the company’s stock worth $815,000 after purchasing an additional 10,025 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Lands’ End by 2.5% in the first quarter. Bank of New York Mellon Corp now owns 71,676 shares of the company’s stock worth $1,538,000 after purchasing an additional 1,734 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Lands’ End in the first quarter worth $389,000. American International Group Inc. grew its stake in shares of Lands’ End by 7.1% in the first quarter. American International Group Inc. now owns 9,188 shares of the company’s stock worth $197,000 after purchasing an additional 608 shares in the last quarter. Finally, California Public Employees Retirement System grew its stake in shares of Lands’ End by 14.9% in the first quarter. California Public Employees Retirement System now owns 111,827 shares of the company’s stock worth $2,399,000 after purchasing an additional 14,500 shares in the last quarter. 60.51% 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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