BidaskClub upgraded shares of Lands’ End (NASDAQ:LE) from a strong sell rating to a sell rating in a research note issued to investors on Wednesday.

LE stock traded down $0.25 during trading on Wednesday, hitting $15.37. The stock had a trading volume of 277,339 shares, compared to its average volume of 288,407. Lands’ End has a 1-year low of $10.55 and a 1-year high of $31.15. The company has a market capitalization of $495.10 million, a price-to-earnings ratio of 102.47 and a beta of -0.26. The company has a current ratio of 2.20, a quick ratio of 0.95 and a debt-to-equity ratio of 1.62.

Lands’ End (NASDAQ:LE) last announced its earnings results on Thursday, September 6th. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.12). Lands’ End had a net margin of 2.22% and a return on equity of 1.56%. The firm had revenue of $307.95 million during the quarter, compared to analyst estimates of $322.20 million. During the same period in the previous year, the firm posted ($0.12) EPS. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year.

In other news, VP Bernard Louis Mccracken III sold 4,000 shares of the company’s stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $17.80, for a total transaction of $71,200.00. Following the completion of the transaction, the vice president now owns 604 shares of the company’s stock, valued at approximately $10,751.20. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.00% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC acquired a new position in shares of Lands’ End during the 2nd quarter valued at about $4,784,000. Northern Trust Corp increased its stake in shares of Lands’ End by 2.3% during the 1st quarter. Northern Trust Corp now owns 156,975 shares of the company’s stock valued at $3,665,000 after acquiring an additional 3,557 shares during the last quarter. Millennium Management LLC increased its stake in shares of Lands’ End by 25.1% during the 2nd quarter. Millennium Management LLC now owns 125,830 shares of the company’s stock valued at $3,511,000 after acquiring an additional 25,256 shares during the last quarter. Gamco Investors INC. ET AL increased its stake in shares of Lands’ End by 5.3% during the 2nd quarter. Gamco Investors INC. ET AL now owns 99,000 shares of the company’s stock valued at $2,762,000 after acquiring an additional 5,000 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of Lands’ End by 12.9% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 81,437 shares of the company’s stock valued at $1,902,000 after acquiring an additional 9,275 shares during the last quarter. 48.64% of the stock is owned by institutional investors.

Lands’ End Company Profile

Lands' End, Inc operates as a multi-channel retailer in the United States, the United Kingdom, Germany, and Japan. The company operates in two segments, Direct and Retail. It offers casual clothing, accessories, footwear, and home products. The company sells its products online through landsend.com, and affiliated specialty and international Websites; direct mail catalogs; and retail locations primarily at Lands' End Shops at Sears, Lands' End stores, and international shop-in-shops.

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