Lands’ End (NASDAQ: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 published on Friday, BidAskClub reports.

Separately, TheStreet lowered shares of Lands’ End from a c- rating to a d+ rating in a research note on Monday, August 19th.

Lands’ End stock traded up $0.65 during mid-day trading on Friday, reaching $15.05. The stock had a trading volume of 367,819 shares, compared to its average volume of 234,732. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.45 and a current ratio of 1.68. Lands’ End has a fifty-two week low of $7.15 and a fifty-two week high of $19.29. The stock’s 50-day simple moving average is $11.74 and its 200-day simple moving average is $11.42. The firm has a market capitalization of $487.21 million, a PE ratio of 41.81 and a beta of 1.21.

Lands’ End (NASDAQ:LE) last issued its earnings results on Tuesday, December 3rd. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. Lands’ End had a return on equity of 3.09% and a net margin of 0.69%. The company had revenue of $340.00 million for the quarter, compared to analyst estimates of $349.77 million. During the same period in the prior year, the firm earned $0.10 earnings per share. Lands’ End’s revenue for the quarter was down .5% on a year-over-year basis. On average, research analysts forecast that Lands’ End will post 0.44 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of LE. Rhumbline Advisers grew its holdings in Lands’ End by 8.9% during the third quarter. Rhumbline Advisers now owns 19,534 shares of the company’s stock worth $222,000 after buying an additional 1,603 shares in the last quarter. Gamco Investors INC. ET AL grew its stake in shares of Lands’ End by 13.9% in the 3rd quarter. Gamco Investors INC. ET AL now owns 131,000 shares of the company’s stock worth $1,486,000 after acquiring an additional 16,000 shares in the last quarter. Nuveen Asset Management LLC purchased a new stake in shares of Lands’ End in the second quarter valued at about $3,401,000. Aperio Group LLC purchased a new stake in shares of Lands’ End in the second quarter valued at about $85,000. Finally, Gabelli Funds LLC lifted its position in shares of Lands’ End by 10.4% during the second quarter. Gabelli Funds LLC now owns 106,000 shares of the company’s stock valued at $1,295,000 after purchasing an additional 10,000 shares in the last quarter. Institutional investors own 51.50% of the company’s stock.

About Lands’ End

Lands' End, Inc operates as a multi-channel retailer in the United States, the United Kingdom, Germany, and Japan. The company operates through U.S. eCommerce, Outfitters, Europe eCommerce, Japan eCommerce, and Retail segments. It offers casual clothing, accessories, footwear, and home products.

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