Lands’ End, Inc. (NASDAQ:LE) Short Interest Down 28.4% in March

Lands’ End, Inc. (NASDAQ:LE) was the target of a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 461,500 shares, a decrease of 28.4% from the March 15th total of 644,200 shares. Approximately 3.9% of the shares of the stock are short sold. Based on an average trading volume of 133,300 shares, the short-interest ratio is presently 3.5 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Lands’ End from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 17th.

Lands’ End Stock Up 1.1 %

Lands’ End stock traded up $0.10 during trading on Friday, reaching $9.17. 85,257 shares of the company’s stock were exchanged, compared to its average volume of 127,683. Lands’ End has a 52-week low of $8.15 and a 52-week high of $19.88. The firm has a market cap of $283.18 million, a price-to-earnings ratio of -13.89 and a beta of 2.64. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.45 and a current ratio of 1.74. The company’s 50-day moving average is $10.58 and its two-hundred day moving average is $13.29.

Lands’ End (NASDAQ:LE) last issued its quarterly earnings results on Thursday, March 20th. The company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.01). The business had revenue of $441.66 million during the quarter, compared to analysts’ expectations of $458.69 million. Lands’ End had a negative net margin of 1.46% and a positive return on equity of 1.24%. During the same period in the prior year, the company posted $0.25 EPS. On average, analysts predict that Lands’ End will post 0.41 earnings per share for the current year.

Institutional Trading of Lands’ End

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC lifted its holdings in shares of Lands’ End by 9,138.5% in the first quarter. GAMMA Investing LLC now owns 2,402 shares of the company’s stock valued at $236,000 after purchasing an additional 2,376 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new position in Lands’ End in the 1st quarter valued at $27,000. Quarry LP acquired a new stake in shares of Lands’ End in the fourth quarter valued at about $41,000. AlphaQuest LLC bought a new stake in Lands’ End in the 4th quarter valued at $101,000. Finally, Wells Fargo & Company MN lifted its stake in shares of Lands’ End by 18.4% in the fourth quarter. Wells Fargo & Company MN now owns 10,033 shares of the company’s stock valued at $132,000 after buying an additional 1,559 shares during the period. 37.46% of the stock is currently owned by institutional investors.

Lands’ End Company Profile

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.