Lands' End (LE) Raised to Buy at BidaskClub

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.

Lands' End (NASDAQ:LE) last posted its earnings results on Tuesday, December 5th. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate 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 positive return on equity of 0.55% and a negative net margin of 7.85%. The firm’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.14) earnings per share. analysts forecast that Lands' End will post 0.08 EPS for the current year.

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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