Lands’ End (NASDAQ:LE – Get Free Report) was upgraded by equities researchers at Craig Hallum from a “hold” rating to a “buy” rating in a note issued to investors on Thursday, Briefing.com reports. The brokerage currently has a $15.00 price target on the stock, up from their previous price target of $9.00. Craig Hallum’s price target indicates a potential upside of 49.40% from the stock’s current price.
Separately, StockNews.com upgraded shares of Lands’ End from a “hold” rating to a “buy” rating in a research note on Friday, December 15th.
Check Out Our Latest Stock Analysis on LE
Lands’ End Price Performance
Institutional Investors Weigh In On Lands’ End
A number of hedge funds have recently made changes to their positions in LE. Marshall Wace LLP bought a new stake in Lands’ End during the 2nd quarter worth about $1,250,000. BlackRock Inc. boosted its stake in shares of Lands’ End by 15.4% in the 2nd quarter. BlackRock Inc. now owns 1,108,462 shares of the company’s stock valued at $8,602,000 after purchasing an additional 148,104 shares during the last quarter. Intrinsic Edge Capital Management LLC bought a new position in shares of Lands’ End in the 1st quarter valued at about $1,142,000. Dimensional Fund Advisors LP boosted its stake in shares of Lands’ End by 6.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,203,345 shares of the company’s stock valued at $9,338,000 after purchasing an additional 72,415 shares during the last quarter. Finally, Point72 Asset Management L.P. boosted its stake in shares of Lands’ End by 366.7% in the 2nd quarter. Point72 Asset Management L.P. now owns 91,000 shares of the company’s stock valued at $966,000 after purchasing an additional 71,500 shares during the last quarter. Institutional investors and hedge funds own 37.46% of the company’s stock.
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.
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