Lands’ End (NASDAQ:LE) Stock Passes Above Fifty Day Moving Average of $10.58

Lands’ End, Inc. (NASDAQ:LE)’s share price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $10.58 and traded as high as $13.98. Lands’ End shares last traded at $13.93, with a volume of 124,093 shares trading hands.

Analysts Set New Price Targets

Separately, Craig Hallum upgraded shares of Lands’ End from a “hold” rating to a “buy” rating and raised their price objective for the company from $9.00 to $15.00 in a research report on Thursday, March 28th.

Lands’ End Price Performance

The firm has a 50-day moving average price of $10.58 and a 200 day moving average price of $8.99. The stock has a market capitalization of $438.68 million, a P/E ratio of -3.41 and a beta of 2.97. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.42 and a current ratio of 1.58.

Lands’ End (NASDAQ:LE) last released its earnings results on Wednesday, March 27th. The company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.03). Lands’ End had a negative net margin of 8.87% and a negative return on equity of 1.70%. The company had revenue of $514.85 million during the quarter, compared to the consensus estimate of $505.30 million. On average, analysts expect that Lands’ End, Inc. will post 0.2 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Carmel Capital Partners LLC bought a new position in shares of Lands’ End in the 3rd quarter worth approximately $30,000. Tower Research Capital LLC TRC lifted its position in Lands’ End by 334.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,081 shares of the company’s stock valued at $49,000 after buying an additional 3,912 shares during the period. WINTON GROUP Ltd bought a new stake in shares of Lands’ End during the 3rd quarter valued at $82,000. Corton Capital Inc. purchased a new stake in shares of Lands’ End in the 3rd quarter worth about $103,000. Finally, Barclays PLC increased its stake in shares of Lands’ End by 25.3% in the 3rd quarter. Barclays PLC now owns 13,914 shares of the company’s stock worth $104,000 after acquiring an additional 2,810 shares in the last quarter. 37.46% of the stock is owned by hedge funds and other institutional investors.

About Lands’ End

Lands' End, Inc operates as a digital retailer of casual clothing, swimwear, outerwear, accessories, footwear, and home products 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.