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

Lands’ End (NASDAQ:LE) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 0.100-0.380 for the period, compared to the consensus estimate of 0.030. The company issued revenue guidance of $1.3 billion-$1.5 billion, compared to the consensus revenue estimate of $1.4 billion. Lands’ End also updated its Q1 2024 guidance to -0.300–0.240 EPS.

Lands’ End Stock Performance

Lands’ End stock opened at $10.04 on Thursday. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.86 and a quick ratio of 0.41. The company’s 50-day moving average price is $9.16 and its two-hundred day moving average price is $8.15. Lands’ End has a 52 week low of $5.98 and a 52 week high of $10.81.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Barclays PLC raised its stake in Lands’ End by 533.7% during the fourth quarter. Barclays PLC now owns 4,100 shares of the company’s stock worth $31,000 after acquiring an additional 3,453 shares in the last quarter. Citigroup Inc. raised its stake in Lands’ End by 463,900.0% during the second quarter. Citigroup Inc. now owns 4,640 shares of the company’s stock worth $36,000 after acquiring an additional 4,639 shares in the last quarter. UBS Group AG raised its stake in Lands’ End by 107.8% during the fourth quarter. UBS Group AG now owns 5,389 shares of the company’s stock worth $41,000 after acquiring an additional 2,796 shares in the last quarter. Cubist Systematic Strategies LLC raised its stake in Lands’ End by 807.5% during the third quarter. Cubist Systematic Strategies LLC now owns 8,086 shares of the company’s stock worth $62,000 after acquiring an additional 7,195 shares in the last quarter. Finally, Wells Fargo & Company MN grew its holdings in shares of Lands’ End by 50.3% during the second quarter. Wells Fargo & Company MN now owns 8,566 shares of the company’s stock worth $66,000 after purchasing an additional 2,865 shares during the last quarter. 37.46% of the stock is currently owned by institutional investors and hedge funds.

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.