Lands’ End (NASDAQ:LE) Updates Q3 2022 Earnings Guidance

Lands’ End (NASDAQ:LEGet Rating) updated its third quarter 2022 earnings guidance on Thursday. The company provided earnings per share guidance of $0.03-$0.12 for the period, compared to the consensus earnings per share estimate of $0.26. The company issued revenue guidance of $375.00 million-$390.00 million, compared to the consensus revenue estimate of $398.44 million. Lands’ End also updated its FY 2022 guidance to $0.49-$0.70 EPS.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Telsey Advisory Group dropped their price objective on shares of Lands’ End to $18.00 in a report on Tuesday, September 6th. StockNews.com lowered shares of Lands’ End from a hold rating to a sell rating in a report on Wednesday, September 7th. Finally, Craig Hallum lowered their target price on shares of Lands’ End to $12.00 in a report on Tuesday, September 6th.

Lands’ End Trading Down 4.2 %

LE opened at $8.08 on Friday. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.89 and a quick ratio of 0.30. Lands’ End has a fifty-two week low of $8.01 and a fifty-two week high of $29.70. The firm has a market capitalization of $267.61 million, a PE ratio of 27.86 and a beta of 2.40. The company’s 50-day moving average is $13.02 and its 200 day moving average is $13.59.

Lands’ End (NASDAQ:LEGet Rating) last posted its quarterly earnings data on Thursday, September 1st. The company reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.14) by $0.07. Lands’ End had a net margin of 0.63% and a return on equity of 2.49%. During the same period last year, the business posted $0.48 earnings per share. As a group, research analysts predict that Lands’ End will post 0.59 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Point72 Asset Management L.P. lifted its stake in Lands’ End by 366.7% in the 2nd quarter. Point72 Asset Management L.P. now owns 91,000 shares of the company’s stock worth $966,000 after purchasing an additional 71,500 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Lands’ End by 91.7% in the 2nd quarter. Renaissance Technologies LLC now owns 112,883 shares of the company’s stock worth $1,199,000 after purchasing an additional 54,000 shares in the last quarter. Jane Street Group LLC purchased a new stake in Lands’ End in the 2nd quarter worth approximately $442,000. Dimensional Fund Advisors LP lifted its stake in Lands’ End by 4.2% in 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 in the last quarter. Finally, Gamco Investors INC. ET AL lifted its stake in Lands’ End by 33.0% in the 1st quarter. Gamco Investors INC. ET AL now owns 141,000 shares of the company’s stock worth $2,386,000 after purchasing an additional 35,000 shares in the last quarter. 40.23% of the stock is owned by institutional investors.

Lands’ End Company Profile

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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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