Lands’ End (NASDAQ:LE) Stock Rating Lowered by StockNews.com

Lands’ End (NASDAQ:LE) was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued on Monday.

Lands’ End Price Performance

LE traded up $0.23 during trading on Monday, hitting $11.91. 69,722 shares of the company traded hands, compared to its average volume of 94,387. The company has a current ratio of 1.74, a quick ratio of 0.45 and a debt-to-equity ratio of 1.29. The company has a market cap of $368.38 million, a PE ratio of -18.05 and a beta of 2.71. The stock’s 50-day simple moving average is $13.08 and its two-hundred day simple moving average is $14.86. Lands’ End has a 1 year low of $7.64 and a 1 year high of $19.88.

Lands’ End (NASDAQ:LE) last issued its quarterly earnings data on Thursday, December 5th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.03. Lands’ End had a positive return on equity of 1.24% and a negative net margin of 1.46%. As a group, sell-side analysts anticipate that Lands’ End will post 0.41 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Lands’ End

Hedge funds have recently bought and sold shares of the business. Hsbc Holdings PLC raised its holdings in Lands’ End by 4.7% during the 4th quarter. Hsbc Holdings PLC now owns 26,676 shares of the company’s stock valued at $353,000 after buying an additional 1,191 shares during the period. Wells Fargo & Company MN boosted its stake in Lands’ End by 18.4% during the fourth quarter. Wells Fargo & Company MN now owns 10,033 shares of the company’s stock worth $132,000 after buying an additional 1,559 shares during the period. Geode Capital Management LLC increased its position in Lands’ End by 0.6% during the third quarter. Geode Capital Management LLC now owns 314,514 shares of the company’s stock valued at $5,432,000 after acquiring an additional 1,729 shares during the last quarter. State Street Corp raised its stake in shares of Lands’ End by 0.9% in the third quarter. State Street Corp now owns 294,053 shares of the company’s stock valued at $5,078,000 after acquiring an additional 2,556 shares during the period. Finally, Jane Street Group LLC lifted its holdings in shares of Lands’ End by 17.4% in the 4th quarter. Jane Street Group LLC now owns 17,998 shares of the company’s stock worth $236,000 after acquiring an additional 2,666 shares during the last quarter. Hedge funds and other institutional investors own 37.46% of the company’s stock.

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.