BidaskClub Upgrades Lands’ End, Inc. (LE) to “Sell”
Lands’ End, Inc. (NASDAQ:LE) was upgraded by stock analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a note issued to investors on Thursday.
Other analysts have also issued reports about the stock. ValuEngine raised shares of Lands’ End from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Craig Hallum set a $15.00 price target on shares of Lands’ End and gave the stock a “hold” rating in a research report on Wednesday, June 21st. Zacks Investment Research lowered shares of Lands’ End from a “hold” rating to a “sell” rating in a research report on Tuesday, June 13th. Finally, TheStreet lowered shares of Lands’ End from a “c-” rating to a “d+” rating in a research report on Thursday, June 8th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $15.00.
Lands’ End (LE) opened at 11.95 on Thursday. The stock’s 50 day moving average is $13.22 and its 200 day moving average is $17.31. The firm’s market cap is $382.75 million. Lands’ End has a 52 week low of $11.75 and a 52 week high of $24.80.
Lands’ End (NASDAQ:LE) last announced its quarterly earnings data on Thursday, August 31st. The company reported ($0.12) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.12). The business had revenue of $302.19 million for the quarter, compared to analyst estimates of $292.59 million. Lands’ End had a negative net margin of 8.48% and a negative return on equity of 0.71%. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.06) earnings per share. Equities research analysts expect that Lands’ End will post $0.15 EPS for the current year.
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In other Lands’ End news, CEO Jerome Griffith purchased 21,310 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The shares were acquired at an average cost of $15.46 per share, for a total transaction of $329,452.60. Following the completion of the purchase, the chief executive officer now owns 46,407 shares of the company’s stock, valued at approximately $717,452.22. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Edward S. Lampert purchased 128,534 shares of the firm’s stock in a transaction that occurred on 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. Over the last quarter, insiders acquired 2,334,331 shares of company stock worth $30,981,963. Corporate insiders own 0.51% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in LE. American International Group Inc. increased its position 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 during the period. Metropolitan Life Insurance Co. NY increased its position in Lands’ End by 4.3% in the first quarter. Metropolitan Life Insurance Co. NY now owns 12,231 shares of the company’s stock valued at $262,000 after buying an additional 500 shares during the period. Arrowstreet Capital Limited Partnership acquired a new position in Lands’ End during the second quarter valued at approximately $199,000. Penserra Capital Management LLC increased its position in Lands’ End by 77.2% in the first quarter. Penserra Capital Management LLC now owns 17,819 shares of the company’s stock valued at $382,000 after buying an additional 7,762 shares during the period. Finally, OZ Management LP acquired a new position in Lands’ End during the first quarter valued at approximately $388,000. Institutional investors and hedge funds own 60.64% of the company’s stock.
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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