Lands’ End, Inc. (LE) Rating Increased to Buy at Zacks Investment Research
Lands’ End, Inc. (NASDAQ:LE) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday. The firm presently has a $13.00 price target on the stock. Zacks Investment Research‘s target price suggests a potential upside of 4.42% from the company’s current price.
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. “
Several other equities analysts have also weighed in on the stock. BidaskClub lowered shares of Lands’ End from a “sell” rating to a “strong sell” rating in a report on Wednesday. Craig Hallum set a $15.00 target price on shares of Lands’ End and gave the company a “hold” rating in a report on Wednesday, June 21st. TheStreet lowered shares of Lands’ End from a “c-” rating to a “d+” rating in a report on Thursday, June 8th. Finally, ValuEngine raised shares of Lands’ End from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $14.00.
Shares of Lands’ End (NASDAQ LE) opened at 12.45 on Friday. Lands’ End has a one year low of $11.20 and a one year high of $24.80. The stock’s market capitalization is $398.76 million. The firm’s 50-day moving average is $12.99 and its 200-day moving average is $17.12.
Lands’ End (NASDAQ:LE) last posted its earnings results on Thursday, August 31st. The company reported ($0.12) earnings per share for the quarter, meeting the consensus estimate of ($0.12). The firm had revenue of $302.19 million during the quarter, compared to analyst estimates of $292.59 million. Lands’ End had a negative net margin of 8.48% and a negative return on equity of 0.73%. The business’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.06) EPS. On average, analysts expect that Lands’ End will post $0.15 earnings per share for the current fiscal year.
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In related news, major shareholder Edward S. Lampert purchased 128,534 shares of the business’s stock in a transaction that occurred on Friday, July 21st. The stock was bought at an average price of $13.44 per share, with a total value of $1,727,496.96. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jerome Griffith purchased 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The stock was bought at an average cost of $11.47 per share, with a total value of $229,400.00. Following the acquisition, the chief executive officer now owns 81,717 shares in the company, valued at approximately $937,293.99. The disclosure for this purchase can be found here. In the last three months, insiders purchased 3,087,570 shares of company stock valued at $40,341,358. 0.51% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership acquired a new stake in Lands’ End during the 2nd quarter worth $199,000. State Street Corp boosted its stake in Lands’ End by 3.2% during the 2nd quarter. State Street Corp now owns 291,145 shares of the company’s stock worth $4,333,000 after purchasing an additional 9,030 shares during the last quarter. Janus Henderson Group PLC acquired a new stake in Lands’ End during the 2nd quarter worth $56,050,000. Penserra Capital Management LLC boosted its stake in Lands’ End by 327.0% during the 2nd quarter. Penserra Capital Management LLC now owns 76,086 shares of the company’s stock worth $1,133,000 after purchasing an additional 58,267 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Lands’ End by 1.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 72,779 shares of the company’s stock worth $1,084,000 after purchasing an additional 1,103 shares during the last quarter. 60.64% of the stock is owned by institutional investors.
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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