Craig Hallum Analysts Give Lands’ End, Inc. (LE) a $15.00 Price Target
A number of other brokerages have also recently commented on LE. Zacks Investment Research raised shares of Lands’ End from a strong sell rating to a hold rating in a research note on Wednesday, April 26th. TheStreet raised shares of Lands’ End from a d rating to a c- rating in a research note on Friday, March 3rd. Finally, ValuEngine raised shares of Lands’ End from a sell rating to a hold rating in a research note on Friday, June 2nd. One research analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $15.00.
Lands’ End (NASDAQ LE) traded down 4.83% during trading on Wednesday, hitting $15.75. 16,688 shares of the stock traded hands. The stock’s market cap is $504.46 million. The stock has a 50 day moving average price of $18.44 and a 200-day moving average price of $18.27. Lands’ End has a 52-week low of $14.03 and a 52-week high of $24.80.
Lands’ End (NASDAQ:LE) last issued its quarterly earnings data on Tuesday, June 6th. The company reported ($0.24) EPS for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.01. The business had revenue of $268.37 million for the quarter, compared to analysts’ expectations of $270.10 million. Lands’ End had a negative net margin of 8.41% and a negative return on equity of 0.07%. The business’s revenue was down 1.9% on a year-over-year basis. During the same quarter last year, the company earned ($0.18) EPS. On average, analysts anticipate that Lands’ End will post $0.19 EPS for the current fiscal year.
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In related news, CEO Jerome Griffith purchased 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 13th. The shares were purchased at an average price of $16.25 per share, with a total value of $162,500.00. Following the purchase, the chief executive officer now owns 61,717 shares of the company’s stock, valued at $1,002,901.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.51% of the stock is currently owned by company insiders.
Large investors have recently added to or reduced their stakes in the stock. American International Group Inc. boosted its stake in Lands’ End by 7.1% in the first quarter. American International Group Inc. now owns 9,188 shares of the company’s stock worth $197,000 after buying an additional 608 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its position in shares of Lands’ End by 4.3% in the first quarter. Metropolitan Life Insurance Co. NY now owns 12,231 shares of the company’s stock worth $262,000 after buying an additional 500 shares during the last quarter. Penserra Capital Management LLC raised its position in shares of Lands’ End by 77.2% in the first quarter. Penserra Capital Management LLC now owns 17,819 shares of the company’s stock worth $382,000 after buying an additional 7,762 shares during the last quarter. OZ Management LP purchased a new position in shares of Lands’ End during the first quarter worth $388,000. Finally, SG Americas Securities LLC purchased a new position in shares of Lands’ End during the first quarter worth $389,000. 62.71% of the stock is currently owned by hedge funds and other institutional investors.
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 segments: Direct and Retail. The Company offers products through catalogs, online at www.landsend.com. The Direct segment sells products through the Company’s e-commerce Websites, international Websites and direct mail catalogs.
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