Lands’ End (NASDAQ:LE) Issues Q1 2024 Earnings Guidance

Lands’ End (NASDAQ:LE) issued an update on its first quarter 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of -0.300–0.240 for the period, compared to the consensus EPS estimate of -0.120. The company issued revenue guidance of $255.0 million-$285.0 million, compared to the consensus revenue estimate of $284.0 million. Lands’ End also updated its FY 2024 guidance to 0.100-0.380 EPS.

Lands’ End Price Performance

LE opened at $10.89 on Friday. Lands’ End has a 12 month low of $5.98 and a 12 month high of $11.32. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.86 and a quick ratio of 0.41. The business has a fifty day moving average price of $9.20 and a 200 day moving average price of $8.17.

Analysts Set New Price Targets

Several research analysts recently commented on LE shares. Craig Hallum raised Lands’ End from a hold rating to a buy rating and boosted their target price for the stock from $9.00 to $15.00 in a research note on Thursday. StockNews.com raised Lands’ End from a hold rating to a buy rating in a report on Friday, December 15th.

Institutional Trading of Lands’ End

Several institutional investors and hedge funds have recently made changes to their positions in LE. Gamco Investors INC. ET AL raised its stake in Lands’ End by 33.0% during the 1st quarter. Gamco Investors INC. ET AL now owns 141,000 shares of the company’s stock valued at $2,386,000 after acquiring an additional 35,000 shares during the last quarter. Quantbot Technologies LP acquired a new position in Lands’ End during the 1st quarter worth approximately $98,000. State Street Corp increased its position in Lands’ End by 1.8% during the 1st quarter. State Street Corp now owns 286,506 shares of the company’s stock worth $4,848,000 after purchasing an additional 4,942 shares during the period. Invesco Ltd. increased its position in Lands’ End by 51.0% during the 1st quarter. Invesco Ltd. now owns 51,790 shares of the company’s stock worth $877,000 after purchasing an additional 17,499 shares during the period. Finally, Renaissance Technologies LLC increased its position in Lands’ End by 87.0% during the 1st quarter. Renaissance Technologies LLC now owns 58,883 shares of the company’s stock worth $996,000 after purchasing an additional 27,400 shares during the period. 37.46% of the stock is owned by hedge funds and other institutional investors.

Lands’ End Company Profile

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.