Lands’ End (NASDAQ:LE) Share Price Crosses Above Fifty Day Moving Average of $9.94

Lands’ End, Inc. (NASDAQ:LE) shares crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $9.94 and traded as high as $13.11. Lands’ End shares last traded at $12.84, with a volume of 123,816 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Craig Hallum upgraded shares of Lands’ End from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $9.00 to $15.00 in a research note on Thursday, March 28th.

Lands’ End Trading Down 1.0 %

The company has a quick ratio of 0.42, a current ratio of 1.58 and a debt-to-equity ratio of 0.98. The company’s 50-day moving average is $10.02 and its 200 day moving average is $8.67. The company has a market cap of $402.13 million, a price-to-earnings ratio of -3.12 and a beta of 2.97.

Lands’ End (NASDAQ:LE) last issued its quarterly earnings results on Wednesday, March 27th. The company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.03). The business had revenue of $514.85 million for the quarter, compared to analysts’ expectations of $505.30 million. Lands’ End had a negative return on equity of 1.70% and a negative net margin of 8.87%. Research analysts predict that Lands’ End, Inc. will post 0.2 EPS for the current year.

Hedge Funds Weigh In On Lands’ End

Hedge funds and other institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its stake in shares of Lands’ End by 3.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,376,318 shares of the company’s stock worth $13,157,000 after buying an additional 49,192 shares in the last quarter. Vanguard Group Inc. raised its holdings in Lands’ End by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 1,176,706 shares of the company’s stock valued at $19,910,000 after acquiring an additional 29,552 shares during the last quarter. BlackRock Inc. lifted its stake in Lands’ End by 15.4% in the 2nd quarter. BlackRock Inc. now owns 1,108,462 shares of the company’s stock worth $8,602,000 after purchasing an additional 148,104 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Lands’ End by 1.5% during the 2nd quarter. Geode Capital Management LLC now owns 296,035 shares of the company’s stock worth $2,297,000 after purchasing an additional 4,316 shares during the last quarter. Finally, State Street Corp grew its position in shares of Lands’ End by 1.6% in the second quarter. State Street Corp now owns 291,195 shares of the company’s stock valued at $3,092,000 after purchasing an additional 4,689 shares in the last quarter. Hedge funds and other institutional investors own 37.46% of the company’s stock.

Lands’ End Company Profile

Lands' End, Inc operates as a digital retailer of casual clothing, swimwear, outerwear, accessories, footwear, and home products in the United States, Europe, Asia, and internationally. It operates through U.S. eCommerce, International, Outfitters, Third Party, and Retail segments. The company also sells uniform and logo apparel.