BidaskClub Downgrades Lands' End (LE) to Hold
Lands' End (NASDAQ:LE) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Saturday.
Several other brokerages have also recently weighed in on LE. Zacks Investment Research cut shares of Lands' End from a “buy” rating to a “hold” rating in a research note on Wednesday, September 27th. ValuEngine raised shares of Lands' End from a “sell” rating to a “hold” rating in a research note on Friday, December 1st. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $15.50.
Shares of Lands' End (NASDAQ LE) traded down $0.25 during trading on Friday, reaching $18.40. 129,930 shares of the company’s stock traded hands, compared to its average volume of 275,879. The company has a debt-to-equity ratio of 1.85, a current ratio of 2.29 and a quick ratio of 0.69. The company has a market capitalization of $598.62, a PE ratio of -5.56, a price-to-earnings-growth ratio of 11.66 and a beta of 0.35. Lands' End has a 1 year low of $10.55 and a 1 year high of $24.80.
In other Lands' End news, major shareholder Edward S. Lampert acquired 60,218 shares of Lands' End stock in a transaction on Thursday, November 2nd. The shares were purchased at an average cost of $10.97 per share, with a total value of $660,591.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Edward S. Lampert acquired 149,844 shares of Lands' End stock in a transaction on Tuesday, October 31st. The stock was acquired at an average cost of $10.81 per share, for a total transaction of $1,619,813.64. The disclosure for this purchase can be found here. Insiders have bought 229,165 shares of company stock worth $2,490,588 over the last three months. 0.51% of the stock is owned by insiders.
Hedge funds have recently made changes to their positions in the business. Wells Fargo & Company MN boosted its stake in Lands' End by 57.8% in 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 during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in Lands' End in the second quarter valued at approximately $199,000. Nationwide Fund Advisors boosted its stake in Lands' End by 110.3% in the third quarter. Nationwide Fund Advisors now owns 17,033 shares of the company’s stock valued at $225,000 after acquiring an additional 8,934 shares during the last quarter. GSA Capital Partners LLP bought a new position in Lands' End in the third quarter valued at approximately $275,000. Finally, Gamco Investors INC. ET AL raised its holdings in Lands' End by 94.8% in the third quarter. Gamco Investors INC. ET AL now owns 78,000 shares of the company’s stock worth $1,030,000 after purchasing an additional 37,952 shares during the period. 48.22% of the stock is currently owned by hedge funds and other institutional investors.
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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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