Investors Purchase Large Volume of Call Options on Lands’ End (NASDAQ:LE)

Lands’ End, Inc. (NASDAQ:LE) saw some unusual options trading on Monday. Stock investors purchased 1,295 call options on the stock. This represents an increase of 1,122% compared to the typical daily volume of 106 call options.

NASDAQ LE opened at $11.77 on Tuesday. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.68 and a quick ratio of 0.45. The company’s 50 day simple moving average is $11.46 and its 200 day simple moving average is $11.43. Lands’ End has a 12 month low of $7.15 and a 12 month high of $22.50. The company has a market capitalization of $381.32 million, a P/E ratio of 32.69 and a beta of 1.21.

Lands’ End (NASDAQ:LE) last issued its earnings results on Thursday, September 5th. The company reported ($0.09) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.20) by $0.11. The firm had revenue of $298.30 million during the quarter, compared to analysts’ expectations of $289.54 million. Lands’ End had a net margin of 0.69% and a return on equity of 3.09%. The firm’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same period last year, the firm posted ($0.16) earnings per share. On average, analysts anticipate that Lands’ End will post 0.44 earnings per share for the current year.

Several large investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC purchased a new stake in Lands’ End during the second quarter valued at about $26,000. Tower Research Capital LLC TRC increased its position in shares of Lands’ End by 70.9% in the third quarter. Tower Research Capital LLC TRC now owns 3,699 shares of the company’s stock worth $42,000 after acquiring an additional 1,535 shares in the last quarter. Morgan Stanley increased its position in shares of Lands’ End by 30.1% in the second quarter. Morgan Stanley now owns 6,865 shares of the company’s stock worth $83,000 after acquiring an additional 1,587 shares in the last quarter. Aperio Group LLC acquired a new stake in shares of Lands’ End during the second quarter valued at approximately $85,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Lands’ End during the second quarter valued at approximately $154,000. Institutional investors own 51.50% of the company’s stock.

A number of research analysts recently issued reports on LE shares. TheStreet lowered Lands’ End from a “c-” rating to a “d+” rating in a report on Monday, August 19th. BidaskClub raised shares of Lands’ End from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th.

Lands’ End Company Profile

Lands' End, Inc operates as a multi-channel retailer in the United States, the United Kingdom, Germany, and Japan. The company operates through U.S. eCommerce, Outfitters, Europe eCommerce, Japan eCommerce, and Retail segments. It offers casual clothing, accessories, footwear, and home products.

Featured Article: Understanding Specialty Certificates of Deposit

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



Leave a Reply