Lands’ End (NASDAQ:LE) Releases Q2 2022 Earnings Guidance

Lands’ End (NASDAQ:LEGet Rating) updated its second quarter 2022 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of -$0.18–$0.09 for the period, compared to the consensus estimate of $0.21. The company issued revenue guidance of $335.00 million-$350.00 million, compared to the consensus revenue estimate of $398.47 million. Lands’ End also updated its FY 2022 guidance to $0.60-$0.88 EPS.

Several analysts have issued reports on the company. StockNews.com lowered Lands’ End from a buy rating to a sell rating in a report on Saturday, June 11th. Craig Hallum lowered Lands’ End from a buy rating to a hold rating and cut their price target for the company from $35.00 to $15.00 in a report on Friday, April 22nd.

NASDAQ LE opened at $10.93 on Thursday. The firm has a market cap of $365.17 million, a price-to-earnings ratio of 13.01 and a beta of 2.56. The company has a quick ratio of 0.48, a current ratio of 2.29 and a debt-to-equity ratio of 0.90. The business has a 50-day moving average price of $12.75 and a 200-day moving average price of $16.19. Lands’ End has a twelve month low of $9.96 and a twelve month high of $44.40.

Lands’ End (NASDAQ:LEGet Rating) last released its quarterly earnings data on Thursday, June 2nd. The company reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.02. The firm had revenue of $303.67 million during the quarter, compared to analyst estimates of $330.10 million. Lands’ End had a return on equity of 7.12% and a net margin of 1.75%. During the same quarter in the prior year, the company posted $0.08 earnings per share. Research analysts expect that Lands’ End will post 0.79 EPS for the current fiscal year.

In related news, major shareholder Edward S. Lampert sold 2,913 shares of the stock in a transaction that occurred on Wednesday, April 6th. The stock was sold at an average price of $16.25, for a total transaction of $47,336.25. Following the completion of the transaction, the insider now directly owns 17,114,430 shares of the company’s stock, valued at $278,109,487.50. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 3.00% of the company’s stock.

A number of hedge funds have recently modified their holdings of LE. Vanguard Group Inc. raised its holdings in shares of Lands’ End by 2.6% in the first quarter. Vanguard Group Inc. now owns 1,176,706 shares of the company’s stock worth $19,910,000 after buying an additional 29,552 shares during the period. Dimensional Fund Advisors LP increased its holdings in Lands’ End by 4.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,020,596 shares of the company’s stock worth $17,270,000 after purchasing an additional 40,992 shares during the period. State Street Corp increased its holdings in Lands’ End by 1.8% during the 1st quarter. State Street Corp now owns 286,506 shares of the company’s stock worth $4,848,000 after purchasing an additional 4,942 shares during the period. Gamco Investors INC. ET AL boosted its position in Lands’ End by 33.0% during the 1st quarter. Gamco Investors INC. ET AL now owns 141,000 shares of the company’s stock valued at $2,386,000 after acquiring an additional 35,000 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Lands’ End by 3.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 96,543 shares of the company’s stock valued at $1,634,000 after acquiring an additional 2,831 shares in the last quarter. Institutional investors and hedge funds own 40.57% of the company’s stock.

About Lands’ End (Get Rating)

Lands' End, Inc operates as a uni-channel retailer of casual clothing, accessories, footwear, and home products in the United States, Europe, Asia, and internationally. It operates through U.S. eCommerce, Europe eCommerce, Japan eCommerce, Outfitters, Third Party, and Retail segments. The company sells its products online through e-commerce, company operated stores, as well as through third party distribution channels under the Lands' End, Let's Get Comfy, Lands' End Lighthouse, Square Rigger, Squall, Super-T, Drifter, Outrigger, Marinac, Beach Living, as well as Supima, No-Gape, Starfish, Iron Knees, Hyde Park, Year' Rounder, ClassMate, Willis & Geiger, and ThermaCheck brands.

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