Lands’ End (NASDAQ:LE) Share Price Passes Above 50-Day Moving Average – Time to Sell?

Lands’ End, Inc. (NASDAQ:LE) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $11.55 and traded as high as $11.59. Lands’ End shares last traded at $11.09, with a volume of 162,287 shares.

Analyst Ratings Changes

Separately, Wall Street Zen cut Lands’ End from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 21st. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Lands’ End has a consensus rating of “Hold”.

Lands’ End Price Performance

The company has a debt-to-equity ratio of 0.88, a current ratio of 1.61 and a quick ratio of 0.41. The company has a market capitalization of $341.03 million, a PE ratio of 61.61 and a beta of 2.36. The firm has a 50-day moving average of $11.55 and a 200 day moving average of $14.28.

Lands’ End (NASDAQ:LE) last released its quarterly earnings data on Thursday, March 19th. The company reported $0.76 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.01). Lands’ End had a net margin of 0.41% and a return on equity of 9.80%. The business had revenue of $462.37 million for the quarter, compared to analysts’ expectations of $471.01 million. As a group, research analysts anticipate that Lands’ End, Inc. will post 0.97 earnings per share for the current fiscal year.

Lands’ End announced that its board has approved a stock repurchase plan on Wednesday, April 1st that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 28.9% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. lifted its holdings in Lands’ End by 3.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 19,835 shares of the company’s stock valued at $288,000 after acquiring an additional 674 shares during the period. BNP Paribas Financial Markets lifted its holdings in Lands’ End by 83.0% in the third quarter. BNP Paribas Financial Markets now owns 2,384 shares of the company’s stock valued at $34,000 after acquiring an additional 1,081 shares during the period. Strs Ohio lifted its holdings in Lands’ End by 3.5% in the fourth quarter. Strs Ohio now owns 35,600 shares of the company’s stock valued at $517,000 after acquiring an additional 1,200 shares during the period. Wells Fargo & Company MN lifted its holdings in Lands’ End by 14.5% in the fourth quarter. Wells Fargo & Company MN now owns 10,355 shares of the company’s stock valued at $150,000 after acquiring an additional 1,309 shares during the period. Finally, Russell Investments Group Ltd. lifted its holdings in Lands’ End by 10.1% in the fourth quarter. Russell Investments Group Ltd. now owns 20,290 shares of the company’s stock valued at $295,000 after acquiring an additional 1,853 shares during the period. Institutional investors own 37.46% of the company’s stock.

Lands’ End Company Profile

Lands’ End, Inc (NASDAQ: LE) is an American retailer specializing in casual apparel, accessories and home goods. Headquartered in Dodgeville, Wisconsin, the company sells its products through a combination of direct-to-consumer channels including e-commerce, catalogues and a network of outlet stores. Lands’ End is known for its nautical-inspired designs, functional outerwear and commitment to quality fabrics.

Founded in 1963 by Gary Comer as a mail-order sailing supply business, Lands’ End rapidly expanded its product offering beyond marine gear.