Lands' End (NASDAQ:LE) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday.
Several other research analysts have also commented on LE. Zacks Investment Research lowered Lands' End from a “buy” rating to a “hold” rating in a research report on Wednesday, September 27th. ValuEngine raised Lands' End from a “sell” rating to a “hold” rating in a research report on Friday, December 1st. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $15.50.
Shares of Lands' End (LE) opened at $19.75 on Thursday. The firm has a market capitalization of $633.93, a P/E ratio of 322.50, a P/E/G ratio of 12.09 and a beta of 0.34. Lands' End has a 52 week low of $10.55 and a 52 week high of $24.80. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.69 and a current ratio of 2.29.
In related news, major shareholder Edward S. Lampert bought 60,218 shares of the company’s stock in a transaction dated Thursday, November 2nd. The shares were acquired at an average price of $10.97 per share, with a total value of $660,591.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Edward S. Lampert bought 18,403 shares of the company’s stock in a transaction dated Wednesday, November 8th. The stock was bought at an average cost of $10.83 per share, for a total transaction of $199,304.49. The disclosure for this purchase can be found here. In the last three months, insiders bought 229,925 shares of company stock worth $2,500,536. Corporate insiders own 0.51% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. Metropolitan Life Insurance Co. NY grew its holdings in Lands' End by 4.3% during the first quarter. Metropolitan Life Insurance Co. NY now owns 12,231 shares of the company’s stock worth $262,000 after acquiring an additional 500 shares during the period. Bank of New York Mellon Corp grew its holdings in Lands' End by 1.5% during the second quarter. Bank of New York Mellon Corp now owns 72,779 shares of the company’s stock worth $1,084,000 after acquiring an additional 1,103 shares during the period. Wells Fargo & Company MN grew its holdings in Lands' End by 57.8% during the third quarter. Wells Fargo & Company MN now owns 14,928 shares of the company’s stock worth $197,000 after acquiring an additional 5,467 shares during the period. California Public Employees Retirement System grew its holdings in Lands' End by 7.2% during the third quarter. California Public Employees Retirement System now owns 105,169 shares of the company’s stock worth $1,388,000 after acquiring an additional 7,042 shares during the period. Finally, Nationwide Fund Advisors grew its holdings in Lands' End by 110.3% during the third quarter. Nationwide Fund Advisors now owns 17,033 shares of the company’s stock worth $225,000 after acquiring an additional 8,934 shares during the period. 48.22% of the stock is currently owned by hedge funds and other institutional investors.
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About Lands' End
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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