Lands' End (LE) Raised to Hold at BidaskClub

BidaskClub upgraded shares of Lands' End (NASDAQ:LE) from a sell rating to a hold rating in a report issued on Thursday morning.

Several other brokerages have also weighed in on LE. Zacks Investment Research raised shares of Lands' End from a hold rating to a buy rating and set a $16.00 price objective on the stock in a research report on Friday, December 8th. ValuEngine raised shares of Lands' End from a sell rating to a hold rating in a research report on Friday, December 1st. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Lands' End presently has a consensus rating of Hold and a consensus price target of $15.50.

Shares of Lands' End (NASDAQ LE) traded up $0.40 during mid-day trading on Thursday, reaching $18.50. 353,181 shares of the company’s stock were exchanged, compared to its average volume of 336,291. The firm has a market capitalization of $593.79, a PE ratio of 308.33, a P/E/G ratio of 11.56 and a beta of 0.33. The company has a current ratio of 2.29, a quick ratio of 0.69 and a debt-to-equity ratio of 1.85. Lands' End has a 12-month low of $10.55 and a 12-month high of $24.80.

Lands' End (NASDAQ:LE) last announced its quarterly earnings results on Tuesday, December 5th. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.16. The firm had revenue of $325.50 million during the quarter, compared to analysts’ expectations of $320.15 million. Lands' End had a negative net margin of 7.85% and a positive return on equity of 0.55%. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter last year, the company posted ($0.14) earnings per share. research analysts expect that Lands' End will post 0.08 EPS for the current fiscal year.

In other Lands' End news, major shareholder Edward S. Lampert purchased 18,403 shares of the stock in a transaction that occurred on Wednesday, November 8th. The shares were acquired at an average cost of $10.83 per share, with a total value of $199,304.49. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Edward S. Lampert purchased 60,218 shares of the stock in a transaction that occurred on Thursday, November 2nd. The shares were acquired at an average cost of $10.97 per share, for a total transaction of $660,591.46. The disclosure for this purchase can be found here. Insiders bought 229,925 shares of company stock worth $2,500,536 over the last three months. Insiders own 0.51% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Lands' End by 4.4% in the 1st quarter. Vanguard Group Inc. now owns 1,138,476 shares of the company’s stock valued at $24,421,000 after buying an additional 47,488 shares during the period. Geode Capital Management LLC increased its holdings in Lands' End by 4.7% in the 1st quarter. Geode Capital Management LLC now owns 134,377 shares of the company’s stock valued at $2,882,000 after buying an additional 5,999 shares during the period. Morgan Stanley increased its holdings in Lands' End by 82.8% in the 1st quarter. Morgan Stanley now owns 93,316 shares of the company’s stock valued at $2,002,000 after buying an additional 42,268 shares during the period. Metropolitan Life Insurance Co. NY increased its holdings in Lands' End by 4.3% in the 1st 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. Finally, Credit Suisse AG increased its holdings in Lands' End by 84.7% in the 1st quarter. Credit Suisse AG now owns 31,995 shares of the company’s stock valued at $686,000 after buying an additional 14,677 shares during the period. 48.22% of the stock is currently owned by institutional investors and hedge funds.

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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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