Lands’ End (LE) Lifted to Hold at ValuEngine

Lands’ End (NASDAQ:LE) was upgraded by equities researchers at ValuEngine from a “sell” rating to a “hold” rating in a report released on Friday.

Other equities research analysts have also issued research reports about the company. Zacks Investment Research lowered Lands’ End from a “buy” rating to a “hold” rating in a research report on Wednesday, September 20th. BidaskClub lowered Lands’ End from a “sell” rating to a “strong sell” rating in a research report on Wednesday, September 6th. One analyst has rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. Lands’ End currently has an average rating of “Hold” and a consensus price target of $14.00.

Shares of Lands’ End (NASDAQ LE) opened at $11.65 on Friday. Lands’ End has a 1 year low of $10.55 and a 1 year high of $24.80. The company has a quick ratio of 0.90, a current ratio of 2.29 and a debt-to-equity ratio of 1.86.

Lands’ End (NASDAQ:LE) last announced its earnings results on Thursday, August 31st. The company reported ($0.12) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.12). Lands’ End had a negative return on equity of 0.73% and a negative net margin of 8.48%. The business had revenue of $302.19 million for the quarter, compared to analyst estimates of $292.59 million. During the same quarter last year, the firm earned ($0.06) EPS. Lands’ End’s revenue for the quarter was up 3.5% compared to the same quarter last year. research analysts anticipate that Lands’ End will post 0.04 EPS for the current year.

In related news, major shareholder Edward S. Lampert purchased 149,844 shares of the firm’s stock in a transaction on Tuesday, October 31st. The stock was purchased at an average cost of $10.81 per share, for a total transaction of $1,619,813.64. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Edward S. Lampert purchased 18,403 shares of the firm’s stock in a transaction on Wednesday, November 8th. The stock was bought at an average price of $10.83 per share, with a total value of $199,304.49. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 251,425 shares of company stock valued at $2,744,050. Corporate insiders own 0.51% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of LE. Wells Fargo & Company MN boosted its stake in shares of Lands’ End by 57.8% during the 3rd quarter. Wells Fargo & Company MN now owns 14,928 shares of the company’s stock worth $197,000 after acquiring an additional 5,467 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in shares of Lands’ End during the 2nd quarter worth approximately $199,000. Nationwide Fund Advisors boosted its stake in shares of Lands’ End by 110.3% during the 3rd quarter. Nationwide Fund Advisors now owns 17,033 shares of the company’s stock worth $225,000 after acquiring an additional 8,934 shares during the period. Metropolitan Life Insurance Co. NY boosted its stake in shares of Lands’ End by 4.3% during the 1st quarter. Metropolitan Life Insurance Co. NY now owns 12,231 shares of the company’s stock worth $262,000 after acquiring an additional 500 shares during the period. Finally, GSA Capital Partners LLP bought a new position in shares of Lands’ End during the 3rd quarter worth approximately $275,000. Institutional investors own 48.15% of the company’s stock.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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