Traders Purchase Large Volume of Lands’ End Put Options (NASDAQ:LE)

Lands’ End, Inc. (NASDAQ:LE) saw unusually large options trading on Monday. Stock investors bought 1,367 put options on the stock. This represents an increase of 1,567% compared to the average daily volume of 82 put options.

A number of research firms have commented on LE. TheStreet cut shares of Lands’ End from a “c-” rating to a “d+” rating in a research report on Monday, August 19th. BidaskClub upgraded shares of Lands’ End from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th.

Several institutional investors have recently bought and sold shares of LE. Nuveen Asset Management LLC bought a new stake in shares of Lands’ End in the second quarter valued at about $3,401,000. Prudential Financial Inc. raised its stake in Lands’ End by 220.0% in the 2nd quarter. Prudential Financial Inc. now owns 276,696 shares of the company’s stock worth $3,381,000 after purchasing an additional 190,233 shares in the last quarter. Towerview LLC raised its stake in Lands’ End by 19.6% in the 3rd quarter. Towerview LLC now owns 550,000 shares of the company’s stock worth $6,240,000 after purchasing an additional 90,000 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Lands’ End by 5.2% in the 2nd quarter. Vanguard Group Inc. now owns 1,103,118 shares of the company’s stock valued at $13,480,000 after purchasing an additional 54,692 shares during the period. Finally, Jacobs Levy Equity Management Inc. bought a new stake in Lands’ End in the 2nd quarter valued at about $640,000. 51.50% of the stock is currently owned by institutional investors.

Shares of LE stock opened at $11.77 on Tuesday. Lands’ End has a 52 week low of $7.15 and a 52 week high of $22.50. The company has a market capitalization of $381.32 million, a price-to-earnings ratio of 32.69 and a beta of 1.21. The company has a 50-day simple moving average of $11.46 and a 200 day simple moving average of $11.43. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.45 and a current ratio of 1.68.

Lands’ End (NASDAQ:LE) last released its quarterly earnings results on Thursday, September 5th. The company reported ($0.09) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.20) by $0.11. The firm had revenue of $298.30 million for 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 business’s revenue was down 3.1% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.16) EPS. Sell-side analysts forecast that Lands’ End will post 0.44 EPS for the current year.

About Lands’ End

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.

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