BidaskClub upgraded shares of Lands’ End (NASDAQ:LE) from a hold rating to a buy rating in a report issued on Friday morning.

Lands’ End stock opened at $18.23 on Friday. The stock has a market cap of $587.23 million, a price-to-earnings ratio of 260.43 and a beta of -0.09. Lands’ End has a 52-week low of $10.85 and a 52-week high of $31.15. The company has a quick ratio of 0.95, a current ratio of 2.20 and a debt-to-equity ratio of 1.62.

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

In related news, VP Bernard Louis Mccracken III sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, September 14th. The stock was 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 directly owns 604 shares in the company, valued at approximately $10,751.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.00% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. Frontier Capital Management Co. LLC lifted its holdings in Lands’ End by 55.9% in the 3rd quarter. Frontier Capital Management Co. LLC now owns 1,039,243 shares of the company’s stock worth $18,239,000 after purchasing an additional 372,559 shares in the last quarter. Capital International Investors purchased a new position in Lands’ End in the 3rd quarter worth approximately $5,335,000. Renaissance Technologies LLC purchased a new position in Lands’ End in the 2nd quarter worth approximately $4,784,000. Penserra Capital Management LLC lifted its holdings in Lands’ End by 20.2% in the 3rd quarter. Penserra Capital Management LLC now owns 837,909 shares of the company’s stock worth $14,705,000 after purchasing an additional 140,940 shares in the last quarter. Finally, AQR Capital Management LLC purchased a new position in Lands’ End in the 3rd quarter worth approximately $2,026,000. Institutional investors own 50.87% of the company’s stock.

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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