Lands’ End, Inc. (NASDAQ:LE) was downgraded by equities research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a note issued to investors on Friday.

Several other research firms have also recently issued reports on LE. ValuEngine raised shares of Lands’ End from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Craig Hallum set a $15.00 price objective on shares of Lands’ End and gave the stock a “hold” rating in a research report on Wednesday, June 21st. Zacks Investment Research cut shares of Lands’ End from a “hold” rating to a “sell” rating in a research report on Tuesday, June 13th. Finally, TheStreet cut shares of Lands’ End from a “c-” rating to a “d+” rating in a research report on Thursday, June 8th. One analyst has rated the stock with a sell rating and four have given a hold rating to the stock. The company presently has an average rating of “Hold” and an average target price of $15.00.

Lands’ End (NASDAQ LE) traded down 1.94% during mid-day trading on Friday, hitting $12.65. The company’s stock had a trading volume of 256,843 shares. The company’s market cap is $405.17 million. The firm’s 50-day moving average is $13.44 and its 200-day moving average is $17.47. Lands’ End has a 12-month low of $11.75 and a 12-month high of $24.80.

Lands’ End (NASDAQ:LE) last released its quarterly earnings data on Tuesday, June 6th. The company reported ($0.24) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.25) by $0.01. The business had revenue of $268.37 million during the quarter, compared to analysts’ expectations of $270.10 million. Lands’ End had a negative net margin of 8.41% and a negative return on equity of 0.07%. The company’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same period in the previous year, the company earned ($0.18) EPS. Analysts predict that Lands’ End will post $0.19 EPS for the current fiscal year.

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In related news, major shareholder Edward S. Lampert purchased 550,100 shares of Lands’ End stock in a transaction that occurred on Monday, July 24th. The stock was purchased at an average cost of $13.48 per share, with a total value of $7,415,348.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Edward S. Lampert purchased 128,534 shares of Lands’ End stock in a transaction that occurred on Friday, July 21st. The stock was bought at an average cost of $13.44 per share, with a total value of $1,727,496.96. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 2,334,331 shares of company stock valued at $30,981,963. 0.51% of the stock is owned by corporate insiders.

A number of large investors have recently made changes to their positions in the stock. Morgan Stanley boosted its stake in shares of Lands’ End by 82.8% in the first quarter. Morgan Stanley now owns 93,316 shares of the company’s stock worth $2,002,000 after buying an additional 42,268 shares during the period. Geode Capital Management LLC raised its position in Lands’ End by 4.7% in the first quarter. Geode Capital Management LLC now owns 134,377 shares of the company’s stock worth $2,882,000 after buying an additional 5,999 shares in the last quarter. Vanguard Group Inc. raised its position in Lands’ End by 4.4% in the first quarter. Vanguard Group Inc. now owns 1,138,476 shares of the company’s stock worth $24,421,000 after buying an additional 47,488 shares in the last quarter. California Public Employees Retirement System raised its position in Lands’ End by 14.9% in the first quarter. California Public Employees Retirement System now owns 111,827 shares of the company’s stock worth $2,399,000 after buying an additional 14,500 shares in the last quarter. Finally, American International Group Inc. raised its position in Lands’ End by 7.1% in the first quarter. American International Group Inc. now owns 9,188 shares of the company’s stock worth $197,000 after buying an additional 608 shares in the last quarter. 62.58% of the stock is 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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