Lands’ End, Inc. (NASDAQ:LE) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

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 research firms also recently weighed in on LE. BidaskClub raised Lands’ End from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 10th. TheStreet downgraded Lands’ End from a “c-” rating to a “d+” rating in a research report on Thursday, June 8th. ValuEngine raised Lands’ End from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Craig Hallum set a $15.00 target price on Lands’ End and gave the company a “hold” rating in a research report on Wednesday, June 21st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $14.00.

Shares of Lands’ End (NASDAQ:LE) opened at 12.00 on Wednesday. Lands’ End has a 52 week low of $11.20 and a 52 week high of $24.80. The stock’s market capitalization is $385.14 million. The stock’s 50 day moving average is $12.69 and its 200-day moving average is $16.75.

Lands’ End (NASDAQ:LE) last issued its quarterly earnings data on Thursday, August 31st. The company reported ($0.12) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.12). The firm had revenue of $302.19 million during the quarter, compared to the consensus estimate of $292.59 million. Lands’ End had a negative return on equity of 0.73% and a negative net margin of 8.48%. The company’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period last year, the company earned ($0.06) EPS. On average, analysts anticipate that Lands’ End will post $0.15 earnings per share for the current fiscal year.

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In other news, major shareholder Edward S. Lampert bought 550,100 shares of the company’s stock in a transaction on Monday, July 24th. The stock was bought 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 SEC, which is available through this link. Also, CEO Jerome Griffith bought 20,000 shares of the company’s stock in a transaction on Tuesday, September 5th. The stock was purchased at an average cost of $11.47 per share, with a total value of $229,400.00. Following the completion of the transaction, the chief executive officer now owns 81,717 shares in the company, valued at $937,293.99. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 3,077,570 shares of company stock valued at $40,178,858. 0.51% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in LE. American International Group Inc. boosted its stake in shares of Lands’ End by 7.1% in the 1st quarter. American International Group Inc. now owns 9,188 shares of the company’s stock valued at $197,000 after buying an additional 608 shares during the period. Arrowstreet Capital Limited Partnership purchased a new position in shares of Lands’ End in the 2nd quarter valued at about $199,000. Metropolitan Life Insurance Co. NY boosted its stake in shares of Lands’ End by 4.3% in the 1st quarter. Metropolitan Life Insurance Co. NY now owns 12,231 shares of the company’s stock valued at $262,000 after buying an additional 500 shares during the period. OZ Management LP purchased a new position in shares of Lands’ End in the 1st quarter valued at about $388,000. Finally, SG Americas Securities LLC purchased a new position in shares of Lands’ End in the 1st quarter valued at about $389,000. Institutional investors and hedge funds own 60.51% 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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