Lands' End (LE) Raised to Sell at BidaskClub
BidaskClub upgraded shares of Lands' End (NASDAQ:LE) from a strong sell rating to a sell rating in a research report released on Thursday morning.
A number of other analysts have also recently weighed in on LE. Zacks Investment Research raised Lands' End from a sell rating to a hold rating in a research report on Wednesday, August 9th. ValuEngine upgraded Lands' End from a sell rating to a hold rating in a research note on Friday, December 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $15.50.
Shares of Lands' End (NASDAQ LE) opened at $15.75 on Thursday. The company has a debt-to-equity ratio of 1.85, a current ratio of 2.29 and a quick ratio of 0.90. The firm has a market capitalization of $505.53, a price-to-earnings ratio of 262.50, a PEG ratio of 9.84 and a beta of 0.33. Lands' End has a 52-week low of $10.55 and a 52-week high of $24.80.
In other news, major shareholder Edward S. Lampert bought 149,844 shares of Lands' End stock in a transaction that occurred on Tuesday, October 31st. The stock was bought at an average price of $10.81 per share, for a total transaction of $1,619,813.64. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Edward S. Lampert bought 18,403 shares of Lands' End stock in a transaction that occurred on Wednesday, November 8th. The stock was purchased at an average price of $10.83 per share, with a total value of $199,304.49. The disclosure for this purchase can be found here. Insiders purchased a total of 229,225 shares of company stock valued at $2,489,658 in the last 90 days. 0.51% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GSA Capital Partners LLP purchased a new position in shares of Lands' End during the 3rd quarter valued at about $275,000. California Public Employees Retirement System raised its stake in shares of Lands' End by 7.2% during the 3rd quarter. California Public Employees Retirement System now owns 105,169 shares of the company’s stock valued at $1,388,000 after buying an additional 7,042 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Lands' End during the 3rd quarter valued at about $9,097,000. Dimensional Fund Advisors LP raised its stake in shares of Lands' End by 18.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 152,140 shares of the company’s stock valued at $2,008,000 after buying an additional 23,515 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of Lands' End by 57.8% during the 3rd quarter. Wells Fargo & Company MN now owns 14,928 shares of the company’s stock valued at $197,000 after buying an additional 5,467 shares during the last quarter. Institutional investors and hedge funds own 48.22% of the company’s stock.
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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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