Lands’ End (LE) Lifted to Buy at BidaskClub

Lands’ End (NASDAQ:LE) was upgraded by equities researchers at BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday, April 16th, BidAskClub reports.

Lands’ End stock traded up $0.08 during trading on Tuesday, hitting $16.21. The stock had a trading volume of 116,053 shares, compared to its average volume of 175,447. Lands’ End has a 1 year low of $12.27 and a 1 year high of $31.15. The company has a current ratio of 2.44, a quick ratio of 1.10 and a debt-to-equity ratio of 1.50. The company has a market cap of $522.12 million, a price-to-earnings ratio of 45.03 and a beta of 0.82.

Lands’ End (NASDAQ:LE) last posted its earnings results on Thursday, March 21st. The company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.09. The firm had revenue of $502.30 million for the quarter, compared to the consensus estimate of $474.73 million. Lands’ End had a return on equity of 3.77% and a net margin of 0.80%. The business’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.38 earnings per share. As a group, equities research analysts forecast that Lands’ End will post 0.35 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Frontier Capital Management Co. LLC increased its position in shares of Lands’ End by 3.3% during the first quarter. Frontier Capital Management Co. LLC now owns 1,073,821 shares of the company’s stock valued at $17,836,000 after acquiring an additional 34,670 shares in the last quarter. Vanguard Group Inc. grew its position in Lands’ End by 3.1% in the 3rd quarter. Vanguard Group Inc. now owns 971,479 shares of the company’s stock worth $17,049,000 after purchasing an additional 28,934 shares during the period. Vanguard Group Inc grew its position in shares of Lands’ End by 3.1% during the 3rd quarter. Vanguard Group Inc now owns 971,479 shares of the company’s stock valued at $17,049,000 after acquiring an additional 28,934 shares during the period. BlackRock Inc. grew its position in shares of Lands’ End by 2.4% during the 4th quarter. BlackRock Inc. now owns 885,038 shares of the company’s stock valued at $12,578,000 after acquiring an additional 21,058 shares during the period. Finally, Towerview LLC grew its position in shares of Lands’ End by 33.9% during the 4th quarter. Towerview LLC now owns 375,000 shares of the company’s stock valued at $5,329,000 after acquiring an additional 95,000 shares during the period. Institutional investors and hedge funds own 51.22% of the company’s stock.

Lands’ End Company Profile

Lands' End, Inc operates as a multi-channel retailer in the United States, the United Kingdom, Germany, and Japan. The company operates through U.S. eCommerce, Outfitters, Europe eCommerce, Japan eCommerce, and Retail segments. It offers casual clothing, accessories, footwear, and home products.

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