Lands’ End Inc. (NASDAQ:LE) has earned an average broker rating score of 2.00 (Buy) from the two brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and one has issued a strong buy rating on the company. Lands’ End’s rating score has declined by 33.3% from 90 days ago as a result of various analysts’ ratings changes.
Analysts have set a 12 month consensus price target of $21.00 for the company and are forecasting that the company will post ($0.06) EPS for the current quarter, according to Zacks. Zacks has also given Lands’ End an industry rank of 245 out of 265 based on the ratings given to related companies.
A number of brokerages recently weighed in on LE. Zacks Investment Research upgraded shares of Lands’ End from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 3rd. CL King lowered shares of Lands’ End from a “buy” rating to a “neutral” rating in a report on Monday.
Lands’ End (NASDAQ:LE) opened at 14.89 on Tuesday. The company’s market cap is $476.91 million. The company’s 50-day moving average is $17.57 and its 200-day moving average is $19.10. Lands’ End has a 12 month low of $14.03 and a 12 month high of $28.08.
Lands’ End (NASDAQ:LE) last announced its quarterly earnings data on Thursday, September 1st. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by $0.08. Lands’ End had a negative net margin of 2.66% and a positive return on equity of 6.51%. The company had revenue of $292 million for the quarter, compared to the consensus estimate of $292.25 million. During the same quarter in the previous year, the business earned $0.23 EPS. The company’s quarterly revenue was down 6.5% compared to the same quarter last year. On average, equities research analysts expect that Lands’ End will post $0.49 EPS for the current fiscal year.
In other news, Director Jignesh Patel acquired 2,500 shares of the business’s stock in a transaction dated Wednesday, September 28th. The shares were purchased at an average price of $15.15 per share, with a total value of $37,875.00. Following the transaction, the director now directly owns 10,000 shares in the company, valued at $151,500. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Edward S. Lampert acquired 31,124 shares of the business’s stock in a transaction dated Thursday, July 21st. The stock was purchased at an average cost of $14.64 per share, for a total transaction of $455,655.36. The disclosure for this purchase can be found here. 0.15% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of LE. Commonwealth Equity Services Inc increased its stake in Lands’ End by 114.5% in the first quarter. Commonwealth Equity Services Inc now owns 23,042 shares of the company’s stock valued at $588,000 after buying an additional 12,298 shares in the last quarter. Teachers Advisors Inc. increased its stake in Lands’ End by 35.7% in the first quarter. Teachers Advisors Inc. now owns 43,653 shares of the company’s stock valued at $1,114,000 after buying an additional 11,482 shares in the last quarter. Royce & Associates LP increased its stake in Lands’ End by 20.3% in the first quarter. Royce & Associates LP now owns 95,000 shares of the company’s stock valued at $2,423,000 after buying an additional 16,000 shares in the last quarter. Geode Capital Management LLC increased its stake in Lands’ End by 9.4% in the first quarter. Geode Capital Management LLC now owns 123,789 shares of the company’s stock valued at $3,157,000 after buying an additional 10,639 shares in the last quarter. Finally, Royal Bank of Canada increased its stake in Lands’ End by 114.9% in the first quarter. Royal Bank of Canada now owns 19,957 shares of the company’s stock valued at $509,000 after buying an additional 154,295 shares in the last quarter. 71.31% of the stock is currently owned by hedge funds and other institutional investors.
About Lands’ End
Lands’ End, Inc (Lands’ End) is a multi-channel retailer of casual clothing, accessories and footwear, as well as home products. The Company operates through two segments: Direct and Retail. The Company offers products through catalogs, online at www.landsend.com. The Direct segment sells products through the Company’s e-commerce Websites, international Websites and direct mail catalogs.
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