Lands’ End, Inc. (LE) Downgraded by Zacks Investment Research to “Hold”

Zacks Investment Research cut shares of Lands’ End, Inc. (NASDAQ:LE) from a buy rating to a hold rating in a report released on Tuesday.

According to Zacks, “Lands’ End, Inc. operates as a multi-channel retailer. It offers men’s, women’s, and kids’ apparel, outerwear and swimwear; specialty apparel; accessories; footwear; and home products. The Company operates in two segments: Direct and Retail. It offers products through catalogs, online at www.landsend.com and affiliated specialty and international Websites, and through retail locations. Lands’ End, Inc. is based in Dodgeville, Wisconsin. “

Several other brokerages also recently issued reports on LE. ValuEngine raised shares of Lands’ End from a sell rating to a hold rating in a report on Friday, June 2nd. Craig Hallum set a $15.00 price target on shares of Lands’ End and gave the company a hold rating in a report on Wednesday, June 21st. TheStreet downgraded shares of Lands’ End from a c- rating to a d+ rating in a report on Thursday, June 8th. Finally, BidaskClub raised shares of Lands’ End from a strong sell rating to a sell rating in a report on Thursday, August 31st. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. Lands’ End has an average rating of Hold and a consensus price target of $14.00.

Shares of Lands’ End (LE) opened at 11.85 on Tuesday. Lands’ End has a 1-year low of $11.20 and a 1-year high of $24.80. The company’s 50-day moving average is $12.95 and its 200 day moving average is $17.03. The firm’s market cap is $379.54 million.

Lands’ End (NASDAQ:LE) last announced its quarterly earnings results on Thursday, August 31st. The company reported ($0.12) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.12). Lands’ End had a negative net margin of 8.48% and a negative return on equity of 0.73%. The firm had revenue of $302.19 million during the quarter, compared to the consensus estimate of $292.59 million. During the same period last year, the firm posted ($0.06) EPS. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. On average, equities research analysts expect that Lands’ End will post $0.15 EPS for the current fiscal year.

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In related news, major shareholder Edward S. Lampert purchased 752,349 shares of Lands’ End stock in a transaction dated Friday, September 1st. The stock was bought at an average price of $12.54 per share, for a total transaction of $9,434,456.46. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jerome Griffith purchased 20,000 shares of Lands’ End stock in a transaction dated Tuesday, September 5th. The stock was bought at an average price of $11.47 per share, with a total value of $229,400.00. Following the acquisition, the chief executive officer now directly owns 81,717 shares of the company’s stock, valued at $937,293.99. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 3,077,570 shares of company stock valued at $40,178,858. 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. boosted its holdings in shares of 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. Arrowstreet Capital Limited Partnership bought a new stake in shares of Lands’ End in the second quarter worth $199,000. Metropolitan Life Insurance Co. NY lifted its position in shares of Lands’ End by 4.3% in the first quarter. Metropolitan Life Insurance Co. NY now owns 12,231 shares of the company’s stock worth $262,000 after purchasing an additional 500 shares in the last quarter. Penserra Capital Management LLC lifted its position in shares of Lands’ End by 77.2% in the first quarter. Penserra Capital Management LLC now owns 17,819 shares of the company’s stock worth $382,000 after purchasing an additional 7,762 shares in the last quarter. Finally, OZ Management LP bought a new stake in shares of Lands’ End in the first quarter worth $388,000. Institutional investors own 60.51% 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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