Lands’ End Inc. (NASDAQ:LE) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.
According to Zacks, “Lands’ End, Inc. operates as a multi-channel retailer. It offers men’s, women’s, and kids’ apparel, outerwear and swimwear; specialty apparel; accessories; footwear; and home products. The Company operates in two segments: Direct and Retail. It offers products through catalogs, online at www.landsend.com and affiliated specialty and international Websites, and through retail locations. Lands’ End, Inc. is based in Dodgeville, Wisconsin. “
Separately, TheStreet lowered shares of Lands’ End from a “hold” rating to a “sell” rating in a research report on Friday, May 27th.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/15/lands-end-inc-le-lifted-to-hold-at-zacks-investment-research.html
Shares of Lands’ End (NASDAQ:LE) traded up 0.28% during trading on Wednesday, reaching $18.09. 117,706 shares of the company traded hands. Lands’ End has a 52 week low of $14.03 and a 52 week high of $28.08. The firm has a 50 day moving average of $16.79 and a 200 day moving average of $19.66. The stock’s market capitalization is $579.40 million.
Lands’ End (NASDAQ:LE) last released its quarterly earnings results on Thursday, September 1st. The company reported ($0.06) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by $0.08. The firm had revenue of $292 million for the quarter, compared to analyst estimates of $292.25 million. Lands’ End had a negative net margin of 2.66% and a positive return on equity of 6.51%. The firm’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.23 EPS. On average, equities analysts predict that Lands’ End will post $0.65 EPS for the current year.
In related news, Director Elizabeth Darst Leykum acquired 1,575 shares of the firm’s stock in a transaction on Friday, June 24th. The shares were acquired at an average cost of $15.90 per share, with a total value of $25,042.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Edward S. Lampert acquired 4,480 shares of the firm’s stock in a transaction on Thursday, June 16th. The shares were bought at an average cost of $15.84 per share, for a total transaction of $70,963.20. The disclosure for this purchase can be found here. Company insiders own 0.15% of the company’s stock.
A number of institutional investors have recently bought and sold shares of LE. Point72 Asset Management L.P. acquired a new position in Lands’ End during the second quarter valued at $1,232,000. Cubist Systematic Strategies LLC acquired a new position in Lands’ End during the second quarter valued at $129,000. Paloma Partners Management Co increased its position in Lands’ End by 4.3% in the second quarter. Paloma Partners Management Co now owns 12,255 shares of the company’s stock valued at $201,000 after buying an additional 507 shares in the last quarter. Zacks Investment Management acquired a new position in Lands’ End during the second quarter valued at $218,000. Finally, Janus Capital Management LLC increased its position in Lands’ End by 1.1% in the second quarter. Janus Capital Management LLC now owns 3,917,413 shares of the company’s stock valued at $64,324,000 after buying an additional 42,199 shares in the last quarter. 71.31% of the stock is currently owned by institutional investors and hedge funds.
About Lands’ End
Lands’ End, Inc (Lands’ End) is a multi-channel retailer of casual clothing, accessories and footwear, as well as home products. The Company operates through two business segments: Direct and Retail. The Direct segment sells products through the Company’s e-commerce Websites, such as www.landsend.com; international Websites, and direct mail catalogs.
Receive News & Ratings for Lands’ End Inc. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Lands’ End Inc. and related companies with MarketBeat.com’s FREE daily email newsletter.