Lands' End (LE) Stock Rating Upgraded by BidaskClub
Lands' End (NASDAQ:LE) was upgraded by equities research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Thursday.
Several other equities analysts also recently commented on LE. Zacks Investment Research downgraded shares of Lands' End from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. ValuEngine raised shares of Lands' End from a “sell” rating to a “hold” rating in a research note on Friday, December 1st. One equities research analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. Lands' End has an average rating of “Hold” and an average target price of $14.00.
Shares of Lands' End (NASDAQ LE) traded up $1.20 during trading hours on Thursday, hitting $15.20. 755,007 shares of the company’s stock were exchanged, compared to its average volume of 191,721. Lands' End has a 1 year low of $10.55 and a 1 year high of $24.80. The firm has a market cap of $423.69, a price-to-earnings ratio of 220.00, a PEG ratio of 16.50 and a beta of 0.33. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.90 and a current ratio of 2.29.
In related news, major shareholder Edward S. Lampert acquired 18,403 shares of the stock in a transaction on Wednesday, November 8th. The shares were acquired at an average price of $10.83 per share, with a total value of $199,304.49. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Edward S. Lampert acquired 60,218 shares of the stock in a transaction on Thursday, November 2nd. The stock was bought at an average cost of $10.97 per share, for a total transaction of $660,591.46. The disclosure for this purchase can be found here. Insiders acquired 229,225 shares of company stock valued at $2,489,658 over the last 90 days. Corporate insiders own 0.51% of the company’s stock.
Hedge funds have recently made changes to their positions in the business. GSA Capital Partners LLP purchased a new position in shares of Lands' End in the third quarter worth about $275,000. California Public Employees Retirement System grew its stake in Lands' End by 7.2% during the third quarter. California Public Employees Retirement System now owns 105,169 shares of the company’s stock valued at $1,388,000 after acquiring an additional 7,042 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in Lands' End during the third quarter valued at approximately $9,097,000. Dimensional Fund Advisors LP grew its stake in Lands' End by 18.3% during the third quarter. Dimensional Fund Advisors LP now owns 152,140 shares of the company’s stock valued at $2,008,000 after acquiring an additional 23,515 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in Lands' End by 57.8% during the third quarter. Wells Fargo & Company MN now owns 14,928 shares of the company’s stock valued at $197,000 after acquiring an additional 5,467 shares in the last quarter. 48.22% of the stock is currently owned by institutional investors and hedge funds.
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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.
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