Lands’ End Inc. (LE) Rating Lowered to Sell at Zacks Investment Research
Lands’ End Inc. (NASDAQ:LE) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.
According to Zacks, “Lands’ End, Inc. operates as a multi-channel retailer. It offers men’s, women’s, and kids’ apparel, outerwear and swimwear; specialty apparel; accessories; footwear; and home products. The Company operates in two segments: Direct and Retail. It offers products through catalogs, online at www.landsend.com and affiliated specialty and international Websites, and through retail locations. Lands’ End, Inc. is based in Dodgeville, Wisconsin. “
Separately, CL King downgraded Lands’ End from a “buy” rating to a “neutral” rating in a research note on Monday.
Shares of Lands’ End (NASDAQ:LE) opened at 14.89 on Wednesday. The stock has a 50 day moving average price of $17.57 and a 200 day moving average price of $19.10. The stock’s market capitalization is $476.91 million. Lands’ End has a 12-month low of $14.03 and a 12-month high of $28.08.
Lands’ End (NASDAQ:LE) last posted its quarterly earnings results on Thursday, September 1st. The company reported ($0.06) EPS for the quarter, missing the Zacks’ consensus estimate of $0.02 by $0.08. The firm earned $292 million during the quarter, compared to analyst estimates of $292.25 million. Lands’ End had a positive return on equity of 6.51% and a negative net margin of 2.66%. The firm’s revenue for the quarter was down 6.5% on a year-over-year basis. During the same quarter last year, the business posted $0.23 earnings per share. On average, equities analysts anticipate that Lands’ End will post $0.49 earnings per share for the current fiscal year.
In other Lands’ End news, major shareholder Edward S. Lampert bought 150,679 shares of the business’s stock in a transaction on Monday, August 1st. The shares were purchased at an average price of $14.25 per share, with a total value of $2,147,175.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jignesh Patel bought 2,500 shares of the business’s stock in a transaction on Wednesday, September 28th. The stock was acquired at an average cost of $15.15 per share, for a total transaction of $37,875.00. Following the acquisition, the director now directly owns 10,000 shares of the company’s stock, valued at $151,500. The disclosure for this purchase can be found here. 0.15% of the stock is currently owned by company insiders.
A number of institutional investors have recently modified their holdings of LE. Commonwealth Equity Services Inc boosted its stake in Lands’ End by 114.5% in the first quarter. Commonwealth Equity Services Inc now owns 23,042 shares of the company’s stock worth $588,000 after buying an additional 12,298 shares during the period. Teachers Advisors Inc. boosted its stake in Lands’ End by 35.7% in the first quarter. Teachers Advisors Inc. now owns 43,653 shares of the company’s stock worth $1,114,000 after buying an additional 11,482 shares during the period. Royce & Associates LP boosted its stake in Lands’ End by 20.3% in the first quarter. Royce & Associates LP now owns 95,000 shares of the company’s stock worth $2,423,000 after buying an additional 16,000 shares during the period. Geode Capital Management LLC boosted its stake in Lands’ End by 9.4% in the first quarter. Geode Capital Management LLC now owns 123,789 shares of the company’s stock worth $3,157,000 after buying an additional 10,639 shares during the period. Finally, Royal Bank of Canada boosted its stake in Lands’ End by 114.9% in the first quarter. Royal Bank of Canada now owns 19,957 shares of the company’s stock worth $509,000 after buying an additional 154,295 shares during the period. 71.31% of the stock is currently owned by hedge funds and other institutional investors.
Lands’ End Company Profile
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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