Lands’ End Inc. (LE) Lifted to “Hold” at Zacks Investment Research

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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.

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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.

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