Lands' End (LE) Upgraded by BidaskClub to Buy

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.

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

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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