Cornercap Investment Counsel Inc. Cuts Stake in Lands’ End, Inc. (NASDAQ:LE)

Cornercap Investment Counsel Inc. lowered its holdings in shares of Lands’ End, Inc. (NASDAQ:LE) by 51.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,119 shares of the company’s stock after selling 20,613 shares during the quarter. Cornercap Investment Counsel Inc.’s holdings in Lands’ End were worth $330,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Gladius Capital Management LP purchased a new position in Lands’ End during the 2nd quarter valued at approximately $31,000. BNP Paribas Financial Markets grew its holdings in Lands’ End by 65.0% during the 1st quarter. BNP Paribas Financial Markets now owns 6,999 shares of the company’s stock valued at $76,000 after buying an additional 2,757 shares in the last quarter. SG Americas Securities LLC purchased a new position in Lands’ End during the 3rd quarter valued at approximately $101,000. O Shaughnessy Asset Management LLC grew its holdings in Lands’ End by 41.6% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 14,962 shares of the company’s stock valued at $163,000 after buying an additional 4,392 shares in the last quarter. Finally, XTX Topco Ltd purchased a new position in Lands’ End during the 2nd quarter valued at approximately $343,000. Hedge funds and other institutional investors own 37.46% of the company’s stock.

Lands’ End Stock Performance

NASDAQ LE opened at $15.40 on Monday. The stock has a market capitalization of $480.37 million, a PE ratio of -3.70 and a beta of 2.78. Lands’ End, Inc. has a 1-year low of $6.35 and a 1-year high of $19.88. The business has a 50 day simple moving average of $16.37 and a two-hundred day simple moving average of $15.33. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.64 and a quick ratio of 0.41.

Lands’ End (NASDAQ:LE) last posted its quarterly earnings data on Thursday, September 5th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.08. The business had revenue of $317.17 million during the quarter, compared to analyst estimates of $306.00 million. Lands’ End had a negative return on equity of 1.03% and a negative net margin of 9.20%. On average, research analysts predict that Lands’ End, Inc. will post 0.37 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com upgraded Lands’ End from a “hold” rating to a “buy” rating in a report on Friday, September 6th.

Lands’ End Profile

Lands’ End, Inc operates as a digital retailer of apparel, swimwear, outerwear, accessories, footwear, home products, and uniform 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.