Lands’ End (NASDAQ:LE) Raised to “Strong-Buy” at StockNews.com

Lands’ End (NASDAQ:LE) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Monday.

Lands’ End Stock Performance

Shares of LE stock traded up $0.68 during trading on Monday, hitting $15.04. The company’s stock had a trading volume of 332,020 shares, compared to its average volume of 111,363. The company has a market cap of $465.19 million, a PE ratio of -22.79 and a beta of 2.76. The company has a current ratio of 1.74, a quick ratio of 0.45 and a debt-to-equity ratio of 1.29. The business has a fifty day moving average of $16.26 and a 200-day moving average of $15.49. Lands’ End has a 52 week low of $7.64 and a 52 week high of $19.88.

Lands’ End (NASDAQ:LE) last released its earnings results 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 company had revenue of $317.17 million during the quarter, compared to analyst estimates of $306.00 million. Lands’ End had a positive return on equity of 1.24% and a negative net margin of 1.46%. As a group, research analysts anticipate that Lands’ End will post 0.41 earnings per share for the current year.

Hedge Funds Weigh In On Lands’ End

Several institutional investors and hedge funds have recently bought and sold shares of the company. Barclays PLC grew its holdings in Lands’ End by 82.3% during the third quarter. Barclays PLC now owns 29,940 shares of the company’s stock valued at $517,000 after purchasing an additional 13,520 shares during the period. Geode Capital Management LLC lifted its position in shares of Lands’ End by 0.6% during the third quarter. Geode Capital Management LLC now owns 314,514 shares of the company’s stock worth $5,432,000 after acquiring an additional 1,729 shares in the last quarter. State Street Corp lifted its position in shares of Lands’ End by 0.9% during the third quarter. State Street Corp now owns 294,053 shares of the company’s stock worth $5,078,000 after acquiring an additional 2,556 shares in the last quarter. Petrus Trust Company LTA lifted its position in shares of Lands’ End by 33.9% during the third quarter. Petrus Trust Company LTA now owns 38,100 shares of the company’s stock worth $658,000 after acquiring an additional 9,655 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Lands’ End by 3.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 102,706 shares of the company’s stock worth $1,774,000 after acquiring an additional 3,288 shares in the last quarter. 37.46% of the stock is owned by institutional investors.

About Lands’ End

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.