Lands’ End, Inc. (LE) Downgraded to “Sell” at Zacks Investment Research
Lands’ End, Inc. (NASDAQ:LE) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday.
According to Zacks, “Lands’ End, Inc. operates as a multi-channel retailer. It offers men’s, women’s, and kids’ apparel, outerwear and swimwear; specialty apparel; accessories; footwear; and home products. The Company operates in two segments: Direct and Retail. It offers products through catalogs, online at www.landsend.com and affiliated specialty and international Websites, and through retail locations. Lands’ End, Inc. is based in Dodgeville, Wisconsin. “
LE has been the topic of a number of other research reports. TheStreet upgraded shares of Lands’ End from a “d” rating to a “c-” rating in a report on Friday, March 3rd. Craig Hallum lowered shares of Lands’ End from a “buy” rating to a “hold” rating in a report on Thursday, February 23rd. Finally, ValuEngine upgraded shares of Lands’ End from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. One research analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. The stock has an average rating of “Hold”.
Shares of Lands’ End (LE) traded up 1.87% on Tuesday, hitting $16.35. 66,321 shares of the stock were exchanged. The company’s market cap is $523.67 million. Lands’ End has a one year low of $14.03 and a one year high of $24.80. The firm’s 50-day moving average is $19.59 and its 200-day moving average is $18.34.
Lands’ End (NASDAQ:LE) last released its earnings results on Tuesday, June 6th. The company reported ($0.24) EPS for the quarter, beating the consensus estimate of ($0.25) by $0.01. Lands’ End had a negative net margin of 8.41% and a negative return on equity of 0.07%. The business had revenue of $268.37 million during the quarter, compared to analyst estimates of $270.10 million. During the same period in the prior year, the business earned ($0.18) earnings per share. The business’s quarterly revenue was down 1.9% on a year-over-year basis. On average, equities analysts forecast that Lands’ End will post $0.19 EPS for the current fiscal year.
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In other news, CEO Jerome Griffith purchased 21,310 shares of the business’s stock in a transaction dated Friday, June 9th. The shares were acquired at an average price of $15.46 per share, for a total transaction of $329,452.60. Following the completion of the acquisition, the chief executive officer now directly owns 46,407 shares of the company’s stock, valued at $717,452.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.51% of the stock is owned by insiders.
Several large investors have recently added to or reduced their stakes in LE. Dimensional Fund Advisors LP raised its position in Lands’ End by 2.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 135,810 shares of the company’s stock valued at $2,058,000 after buying an additional 2,745 shares in the last quarter. State Street Corp raised its position in Lands’ End by 4.1% in the fourth quarter. State Street Corp now owns 283,599 shares of the company’s stock valued at $4,298,000 after buying an additional 11,123 shares in the last quarter. Penserra Capital Management LLC raised its position in Lands’ End by 77.2% in the first quarter. Penserra Capital Management LLC now owns 17,819 shares of the company’s stock valued at $382,000 after buying an additional 7,762 shares in the last quarter. Gamco Investors INC. ET AL raised its position in Lands’ End by 44.6% in the first quarter. Gamco Investors INC. ET AL now owns 40,048 shares of the company’s stock valued at $859,000 after buying an additional 12,348 shares in the last quarter. Finally, Teachers Advisors LLC raised its position in Lands’ End by 22.9% in the fourth quarter. Teachers Advisors LLC now owns 53,803 shares of the company’s stock valued at $815,000 after buying an additional 10,025 shares in the last quarter. Institutional investors and hedge funds own 62.71% of the company’s stock.
Lands’ End Company Profile
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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