Lands’ End (NASDAQ:LE) Updates FY 2023 Earnings Guidance

Lands’ End (NASDAQ:LE – Get Rating) issued an update on its FY 2023 earnings guidance on Thursday morning. The company provided earnings per share guidance of -$0.18-$0.03 for the period, compared to the consensus earnings per share estimate of -$0.14. The company issued revenue guidance of $1.56 billion-$1.62 billion, compared to the consensus revenue estimate of $1.56 billion. Lands’ End also updated its Q1 2023 guidance to -$0.15–$0.09 EPS.

Wall Street Analysts Forecast Growth

LE has been the topic of several recent analyst reports. Craig Hallum dropped their target price on shares of Lands’ End to $9.00 in a research report on Friday, December 2nd. StockNews.com initiated coverage on shares of Lands’ End in a research report on Thursday. They set a sell rating on the stock. Telsey Advisory Group dropped their target price on shares of Lands’ End to $14.00 in a research report on Friday, December 2nd. Finally, TheStreet cut shares of Lands’ End from a c rating to a d+ rating in a research report on Monday, December 5th.

Lands’ End Trading Up 7.4 %

Shares of NASDAQ LE opened at $8.67 on Friday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.35 and a current ratio of 1.92. Lands’ End has a 52 week low of $6.31 and a 52 week high of $21.12. The business has a 50-day simple moving average of $8.23 and a two-hundred day simple moving average of $8.83.

Institutional Trading of Lands’ End

Hedge funds and other institutional investors have recently bought and sold shares of the company. Swiss National Bank grew its holdings in shares of Lands’ End by 8.7% during the first quarter. Swiss National Bank now owns 31,210 shares of the company’s stock worth $528,000 after purchasing an additional 2,500 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Lands’ End by 1.8% during the 1st quarter. Bank of New York Mellon Corp now owns 75,606 shares of the company’s stock valued at $1,279,000 after buying an additional 1,304 shares in the last quarter. MetLife Investment Management LLC lifted its holdings in shares of Lands’ End by 56.5% during the 1st quarter. MetLife Investment Management LLC now owns 7,602 shares of the company’s stock worth $129,000 after acquiring an additional 2,743 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Lands’ End by 4.2% in the first quarter. Dimensional Fund Advisors LP now owns 1,020,596 shares of the company’s stock worth $17,270,000 after acquiring an additional 40,992 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in Lands’ End by 2.6% in the first quarter. Vanguard Group Inc. now owns 1,176,706 shares of the company’s stock worth $19,910,000 after acquiring an additional 29,552 shares in the last quarter. Institutional investors own 37.42% of the company’s stock.

Lands’ End Company Profile

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Lands’ End, Inc is a multi-channel retailer of casual clothing, accessories, and footwear, as well as home products. It operates through the following segments: US eCommerce, Outfitters, Europe eCommerce, Japan eCommerce, Third Party, and Retail. The company was founded by Gary C. Comer in 1963 and is headquartered in Dodgeville, WI.