Lands’ End (NASDAQ:LE) Stock Crosses Below 200 Day Moving Average – Should You Sell?

Lands’ End, Inc. (NASDAQ:LE) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $14.94 and traded as low as $11.21. Lands’ End shares last traded at $11.56, with a volume of 216,071 shares changing hands.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded shares of Lands’ End from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 21st. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Lands’ End Stock Down 0.3%

The stock has a 50-day moving average price of $12.96 and a 200-day moving average price of $14.94. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.61 and a quick ratio of 0.41. The company has a market capitalization of $354.55 million, a P/E ratio of 64.06 and a beta of 2.37.

Lands’ End (NASDAQ:LE) last announced its earnings results on Thursday, March 19th. The company reported $0.76 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.01). Lands’ End had a net margin of 0.41% and a return on equity of 9.80%. The company had revenue of $462.37 million during the quarter, compared to the consensus estimate of $471.01 million. On average, research analysts predict that Lands’ End, Inc. will post 0.97 EPS for the current fiscal year.

Lands’ End announced that its Board of Directors has approved a share buyback plan on Wednesday, April 1st that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the company to buy up to 28.9% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. BNP Paribas Financial Markets grew its stake in Lands’ End by 83.0% during the third quarter. BNP Paribas Financial Markets now owns 2,384 shares of the company’s stock worth $34,000 after purchasing an additional 1,081 shares during the period. Quarry LP acquired a new position in Lands’ End in the third quarter valued at approximately $36,000. Integrated Wealth Concepts LLC bought a new position in shares of Lands’ End during the 1st quarter worth approximately $104,000. Los Angeles Capital Management LLC bought a new position in shares of Lands’ End during the 4th quarter worth approximately $137,000. Finally, Wells Fargo & Company MN grew its position in shares of Lands’ End by 14.5% during the 4th quarter. Wells Fargo & Company MN now owns 10,355 shares of the company’s stock worth $150,000 after buying an additional 1,309 shares during the period. 37.46% of the stock is owned by institutional investors and hedge funds.

About Lands’ End

Lands’ End, Inc (NASDAQ: LE) is an American retailer specializing in casual apparel, accessories and home goods. Headquartered in Dodgeville, Wisconsin, the company sells its products through a combination of direct-to-consumer channels including e-commerce, catalogues and a network of outlet stores. Lands’ End is known for its nautical-inspired designs, functional outerwear and commitment to quality fabrics.

Founded in 1963 by Gary Comer as a mail-order sailing supply business, Lands’ End rapidly expanded its product offering beyond marine gear.