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.

COPYRIGHT VIOLATION WARNING: This story was reported by American Banking News and is the sole property of of American Banking News. If you are accessing this story on another site, it was stolen and reposted in violation of US & international copyright legislation. The original version of this story can be read at https://www.americanbankingnews.com/2017/09/09/lands-end-inc-le-rating-increased-to-buy-at-zacks-investment-research.html.

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.

Get a free copy of the Zacks research report on Lands’ End (LE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Lands' End Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lands' End Inc. and related companies with MarketBeat.com's FREE daily email newsletter.