Lands’ End (NASDAQ:LE) Share Price Passes Above Fifty Day Moving Average of $9.94

Lands’ End, Inc. (NASDAQ:LE) shares passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $9.94 and traded as high as $13.11. Lands’ End shares last traded at $12.84, with a volume of 123,816 shares.

Analyst Upgrades and Downgrades

Separately, Craig Hallum upgraded shares of Lands’ End from a “hold” rating to a “buy” rating and raised their target price for the stock from $9.00 to $15.00 in a research note on Thursday, March 28th.

Lands’ End Stock Performance

The company has a market cap of $404.33 million, a P/E ratio of -3.14 and a beta of 2.97. The business’s 50 day simple moving average is $9.94 and its 200 day simple moving average is $8.64. The company has a current ratio of 1.58, a quick ratio of 0.42 and a debt-to-equity ratio of 0.98.

Institutional Investors Weigh In On Lands’ End

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LE. Carmel Capital Partners LLC bought a new stake in shares of Lands’ End during the third quarter valued at approximately $30,000. Barclays PLC raised its position in shares of Lands’ End by 533.7% during the fourth quarter. Barclays PLC now owns 4,100 shares of the company’s stock valued at $31,000 after buying an additional 3,453 shares during the last quarter. Citigroup Inc. raised its position in shares of Lands’ End by 463,900.0% during the second quarter. Citigroup Inc. now owns 4,640 shares of the company’s stock valued at $36,000 after buying an additional 4,639 shares during the last quarter. UBS Group AG raised its position in shares of Lands’ End by 107.8% during the fourth quarter. UBS Group AG now owns 5,389 shares of the company’s stock valued at $41,000 after buying an additional 2,796 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its position in shares of Lands’ End by 334.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,081 shares of the company’s stock valued at $49,000 after buying an additional 3,912 shares during the last quarter. Institutional investors own 37.46% of the company’s stock.

Lands’ End Company Profile

Lands' End, Inc operates as a digital retailer of casual clothing, swimwear, outerwear, accessories, footwear, and home products in the United States, Europe, Asia, and internationally. It operates through U.S. eCommerce, International, Outfitters, Third Party, and Retail segments. The company also sells uniform and logo apparel.