BidaskClub upgraded shares of Lands' End (NASDAQ:LE) from a hold rating to a buy rating in a report released on Thursday.
A number of other research analysts also recently issued reports 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. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of $15.50.
Shares of Lands' End (NASDAQ:LE) traded down $0.30 on Thursday, reaching $19.60. 145,500 shares of the company were exchanged, compared to its average volume of 199,453. Lands' End has a one year low of $10.55 and a one year high of $24.80. The company has a market cap of $633.92, a price-to-earnings ratio of -5.92, a price-to-earnings-growth ratio of 12.34 and a beta of 0.33. The company has a quick ratio of 0.69, a current ratio of 2.29 and a debt-to-equity ratio of 1.85.
In other Lands' End news, major shareholder Edward S. Lampert acquired 60,218 shares of the firm’s stock in a transaction on Thursday, November 2nd. The stock was acquired at an average cost of $10.97 per share, for a total transaction of $660,591.46. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Edward S. Lampert acquired 18,403 shares of the firm’s stock in a transaction on Wednesday, November 8th. The shares were acquired at an average price of $10.83 per share, with a total value of $199,304.49. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 229,925 shares of company stock worth $2,500,536. Insiders own 0.51% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Wells Fargo & Company MN increased its holdings in Lands' End by 57.8% in the 3rd 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 in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in Lands' End in the 2nd quarter worth $199,000. Nationwide Fund Advisors increased its holdings in Lands' End by 110.3% in the 3rd quarter. Nationwide Fund Advisors now owns 17,033 shares of the company’s stock worth $225,000 after acquiring an additional 8,934 shares in the last quarter. 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 worth $262,000 after acquiring an additional 500 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new stake in Lands' End in the 3rd quarter worth $275,000. Hedge funds and other institutional investors own 48.22% of the company’s stock.
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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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