Lands’ End, Inc. (NASDAQ:LE) was downgraded by equities researchers at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued to investors on Friday.

A number of other research analysts also recently issued reports on LE. ValuEngine raised shares of Lands’ End from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. TheStreet downgraded shares of Lands’ End from a “c-” rating to a “d+” rating in a research report on Thursday, June 8th. Zacks Investment Research downgraded shares of Lands’ End from a “hold” rating to a “sell” rating in a research report on Tuesday, June 13th. Finally, Craig Hallum set a $15.00 price objective on shares of Lands’ End and gave the company a “hold” rating in a research report on Wednesday, June 21st. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. Lands’ End has a consensus rating of “Hold” and a consensus price target of $15.00.

Shares of Lands’ End (NASDAQ:LE) opened at 12.65 on Friday. The company has a 50 day moving average of $13.39 and a 200-day moving average of $17.45. Lands’ End has a one year low of $11.75 and a one year high of $24.80. The firm’s market cap is $405.17 million.

Lands’ End (NASDAQ:LE) last announced its quarterly earnings data on Tuesday, June 6th. The company reported ($0.24) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.25) by $0.01. The firm had revenue of $268.37 million during the quarter, compared to analyst estimates of $270.10 million. Lands’ End had a negative net margin of 8.41% and a negative return on equity of 0.07%. The business’s quarterly revenue was down 1.9% on a year-over-year basis. During the same period in the previous year, the business posted ($0.18) EPS. On average, analysts expect that Lands’ End will post $0.19 EPS for the current year.

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In other Lands’ End news, CEO Jerome Griffith acquired 10,000 shares of the stock in a transaction dated Tuesday, June 13th. The shares were purchased at an average price of $16.25 per share, for a total transaction of $162,500.00. Following the purchase, the chief executive officer now directly owns 61,717 shares of the company’s stock, valued at $1,002,901.25. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Edward S. Lampert acquired 128,534 shares of the stock in a transaction dated Friday, July 21st. The stock was acquired at an average price of $13.44 per share, for a total transaction of $1,727,496.96. The disclosure for this purchase can be found here. Insiders have acquired a total of 2,334,331 shares of company stock worth $30,981,963 in the last 90 days. Company insiders own 0.51% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the company. Morgan Stanley raised its stake in Lands’ End by 82.8% in the first quarter. Morgan Stanley now owns 93,316 shares of the company’s stock valued at $2,002,000 after buying an additional 42,268 shares in the last quarter. Geode Capital Management LLC raised its stake in Lands’ End by 4.7% in the first quarter. Geode Capital Management LLC now owns 134,377 shares of the company’s stock valued at $2,882,000 after buying an additional 5,999 shares in the last quarter. Vanguard Group Inc. raised its stake in Lands’ End by 4.4% in the first quarter. Vanguard Group Inc. now owns 1,138,476 shares of the company’s stock valued at $24,421,000 after buying an additional 47,488 shares in the last quarter. California Public Employees Retirement System raised its stake in Lands’ End by 14.9% in the first quarter. California Public Employees Retirement System now owns 111,827 shares of the company’s stock valued at $2,399,000 after buying an additional 14,500 shares in the last quarter. Finally, American International Group Inc. raised its stake in Lands’ End by 7.1% in the first quarter. American International Group Inc. now owns 9,188 shares of the company’s stock valued at $197,000 after buying an additional 608 shares in the last quarter. 62.58% of the stock is owned by 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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