Lands’ End (NASDAQ:LE – Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.
Separately, Weiss Ratings raised shares of Lands’ End from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.
Read Our Latest Stock Report on Lands’ End
Lands’ End Trading Down 0.5%
Lands’ End (NASDAQ:LE – Get Free Report) last announced its quarterly earnings results on Tuesday, June 9th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.10. Lands’ End had a return on equity of 8.22% and a net margin of 26.24%.The company had revenue of $238.92 million during the quarter, compared to the consensus estimate of $268.68 million. During the same period in the previous year, the company posted ($0.27) earnings per share. Lands’ End has set its FY 2026 guidance at 0.320-0.650 EPS and its Q2 2026 guidance at 0.060-0.160 EPS. As a group, analysts forecast that Lands’ End will post 0.57 EPS for the current year.
Lands’ End announced that its Board of Directors has approved a stock repurchase plan on Wednesday, April 1st that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 28.9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.
Hedge Funds Weigh In On Lands’ End
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its holdings in Lands’ End by 0.5% during the third quarter. Dimensional Fund Advisors LP now owns 1,296,284 shares of the company’s stock valued at $18,278,000 after purchasing an additional 6,666 shares in the last quarter. Weiss Asset Management LP purchased a new position in Lands’ End during the first quarter valued at $8,990,000. Vanguard Group Inc. lifted its holdings in Lands’ End by 2.2% during the third quarter. Vanguard Group Inc. now owns 684,340 shares of the company’s stock valued at $9,649,000 after purchasing an additional 14,520 shares in the last quarter. Towerview LLC lifted its holdings in Lands’ End by 37.5% during the first quarter. Towerview LLC now owns 592,701 shares of the company’s stock valued at $6,662,000 after purchasing an additional 161,701 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in Lands’ End by 29.9% during the first quarter. Bank of America Corp DE now owns 532,956 shares of the company’s stock valued at $5,990,000 after purchasing an additional 122,650 shares in the last quarter. 37.46% of the stock is owned by hedge funds and other institutional investors.
About Lands’ End
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.
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