Lands’ End, Inc. (NASDAQ:LE) Shares Bought by Mackay Shields LLC

Mackay Shields LLC increased its holdings in shares of Lands’ End, Inc. (NASDAQ:LE) by 63.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 61,284 shares of the company’s stock after acquiring an additional 23,884 shares during the period. Mackay Shields LLC owned approximately 0.19% of Lands’ End worth $871,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Federated Investors Inc. PA boosted its position in Lands’ End by 345.1% during the third quarter. Federated Investors Inc. PA now owns 4,242 shares of the company’s stock worth $74,000 after purchasing an additional 3,289 shares in the last quarter. Rhumbline Advisers boosted its position in Lands’ End by 34.6% during the fourth quarter. Rhumbline Advisers now owns 16,516 shares of the company’s stock worth $235,000 after purchasing an additional 4,243 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in Lands’ End by 77.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 22,525 shares of the company’s stock worth $395,000 after purchasing an additional 9,800 shares in the last quarter. AXA purchased a new stake in Lands’ End during the third quarter worth $400,000. Finally, Prudential Financial Inc. purchased a new stake in Lands’ End during the fourth quarter worth $337,000. 51.14% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:LE traded up $0.03 on Friday, hitting $18.46. The company had a trading volume of 295,495 shares, compared to its average volume of 209,444. The company has a quick ratio of 1.10, a current ratio of 2.44 and a debt-to-equity ratio of 1.50. Lands’ End, Inc. has a 52-week low of $12.27 and a 52-week high of $31.15. The company has a market capitalization of $594.63 million, a P/E ratio of 51.28 and a beta of 0.81.

Lands’ End (NASDAQ:LE) last issued its quarterly earnings data on Thursday, March 21st. The company reported $0.50 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.09. Lands’ End had a return on equity of 3.77% and a net margin of 0.80%. The business had revenue of $502.30 million for the quarter, compared to the consensus estimate of $474.73 million. During the same period in the prior year, the business earned $0.38 earnings per share. The business’s revenue was down 1.6% on a year-over-year basis. On average, sell-side analysts anticipate that Lands’ End, Inc. will post 0.35 earnings per share for the current year.

Separately, BidaskClub upgraded Lands’ End from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, January 30th.

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Lands’ End Profile

Lands' End, Inc operates as a multi-channel retailer in the United States, the United Kingdom, Germany, and Japan. The company operates in two segments, Direct and Retail. It offers casual clothing, accessories, footwear, and home products. The company sells its products online through landsend.com, and affiliated specialty and international Websites; direct mail catalogs; and retail locations primarily at Lands' End Shops at Sears, Lands' End stores, and international shop-in-shops.

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Institutional Ownership by Quarter for Lands` End (NASDAQ:LE)

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