Lands’ End, Inc. (LE) Downgraded to “Strong Sell” at BidaskClub
BidaskClub downgraded shares of Lands’ End, Inc. (NASDAQ:LE) from a sell rating to a strong sell rating in a report released on Thursday morning.
A number of other research firms also recently weighed in on LE. Zacks Investment Research downgraded shares of Lands’ End from a hold rating to a sell rating in a research report on Tuesday, June 13th. TheStreet cut Lands’ End from a c- rating to a d+ rating in a research note on Thursday, June 8th. ValuEngine upgraded Lands’ End from a sell rating to a hold rating in a research note on Friday, June 2nd. Finally, Craig Hallum set a $15.00 price objective on Lands’ End and gave the stock a hold rating in a research note on Wednesday, June 21st. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $14.00.
Shares of Lands’ End (NASDAQ:LE) traded up 2.13% during mid-day trading on Thursday, hitting $12.00. 442,557 shares of the stock traded hands. The stock has a 50-day moving average of $12.69 and a 200 day moving average of $16.75. Lands’ End has a one year low of $11.20 and a one year high of $24.80. The stock’s market cap is $385.14 million.
Lands’ End (NASDAQ:LE) last released its quarterly earnings results on Thursday, August 31st. The company reported ($0.12) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.12). Lands’ End had a negative net margin of 8.48% and a negative return on equity of 0.73%. The business had revenue of $302.19 million during the quarter, compared to the consensus estimate of $292.59 million. During the same quarter last year, the company earned ($0.06) earnings per share. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. Equities analysts predict that Lands’ End will post $0.15 EPS for the current fiscal year.
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In other news, CEO Jerome Griffith acquired 20,000 shares of Lands’ End stock in a transaction that occurred on Tuesday, September 5th. The shares were purchased at an average cost of $11.47 per share, for a total transaction of $229,400.00. Following the completion of the purchase, the chief executive officer now directly owns 81,717 shares of the company’s stock, valued at approximately $937,293.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Edward S. Lampert acquired 128,534 shares of Lands’ End stock in a transaction that occurred on Friday, July 21st. The shares were purchased at an average price of $13.44 per share, for a total transaction of $1,727,496.96. The disclosure for this purchase can be found here. Insiders have purchased 3,077,570 shares of company stock worth $40,178,858 over the last 90 days. 0.51% of the stock is currently owned by company insiders.
A number of hedge funds have recently bought and sold shares of LE. Teachers Advisors LLC lifted its stake in Lands’ End by 22.9% in the fourth quarter. Teachers Advisors LLC now owns 53,803 shares of the company’s stock valued at $815,000 after buying an additional 10,025 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Lands’ End by 2.5% in the first quarter. Bank of New York Mellon Corp now owns 71,676 shares of the company’s stock valued at $1,538,000 after buying an additional 1,734 shares during the last quarter. SG Americas Securities LLC bought a new stake in Lands’ End in the first quarter valued at $389,000. American International Group Inc. lifted 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 valued at $197,000 after buying an additional 608 shares during the last quarter. Finally, California Public Employees Retirement System lifted its stake in Lands’ End by 14.9% in the first quarter. California Public Employees Retirement System now owns 111,827 shares of the company’s stock valued at $2,399,000 after buying an additional 14,500 shares during the last quarter. Institutional investors own 60.51% of the company’s stock.
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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