Lands’ End (NASDAQ:LE) Updates Q1 2024 Earnings Guidance

Lands’ End (NASDAQ:LE) updated its first quarter 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of -0.300–0.240 for the period, compared to the consensus earnings per share estimate of -0.120. The company issued revenue guidance of $255.0 million-$285.0 million, compared to the consensus revenue estimate of $284.0 million. Lands’ End also updated its FY 2024 guidance to 0.100-0.380 EPS.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Lands’ End from a hold rating to a buy rating in a research note on Friday, December 15th.

Lands’ End Price Performance

Shares of NASDAQ LE opened at $9.30 on Wednesday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.41 and a current ratio of 1.86. The company has a market cap of $292.49 million, a PE ratio of -2.37 and a beta of 2.97. The business has a 50-day simple moving average of $9.11 and a two-hundred day simple moving average of $8.13. Lands’ End has a fifty-two week low of $5.98 and a fifty-two week high of $10.81.

Institutional Investors Weigh In On Lands’ End

A number of institutional investors and hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its holdings in shares of Lands’ End by 3.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,376,318 shares of the company’s stock worth $13,157,000 after purchasing an additional 49,192 shares during the period. Vanguard Group Inc. raised its position in Lands’ End by 2.6% during the first quarter. Vanguard Group Inc. now owns 1,176,706 shares of the company’s stock valued at $19,910,000 after acquiring an additional 29,552 shares in the last quarter. BlackRock Inc. raised its position in Lands’ End by 15.4% during the second quarter. BlackRock Inc. now owns 1,108,462 shares of the company’s stock valued at $8,602,000 after acquiring an additional 148,104 shares in the last quarter. Geode Capital Management LLC raised its position in Lands’ End by 1.5% during the second quarter. Geode Capital Management LLC now owns 296,035 shares of the company’s stock valued at $2,297,000 after acquiring an additional 4,316 shares in the last quarter. Finally, State Street Corp raised its position in Lands’ End by 1.6% during the second quarter. State Street Corp now owns 291,195 shares of the company’s stock valued at $3,092,000 after acquiring an additional 4,689 shares in the last quarter. Institutional investors and hedge funds own 37.46% of the company’s stock.

About Lands’ End

Lands' End, Inc operates as a digital retailer of casual clothing, swimwear, outerwear, accessories, footwear, and home products in the United States, Europe, Asia, and internationally. It operates through U.S. eCommerce, International, Outfitters, Third Party, and Retail segments. The company also sells uniform and logo apparel.