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

StockNews.com downgraded shares of Lands’ End (NASDAQ:LE) from a strong-buy rating to a buy rating in a research report sent to investors on Monday morning.

Lands’ End Stock Performance

LE stock opened at $11.52 on Monday. Lands’ End has a 1 year low of $7.64 and a 1 year high of $19.88. The stock has a market capitalization of $356.31 million, a price-to-earnings ratio of -17.45 and a beta of 2.71. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.45 and a current ratio of 1.74. The stock’s fifty day moving average is $12.88 and its two-hundred day moving average is $14.78.

Lands’ End (NASDAQ:LE) last posted its quarterly earnings data on Thursday, December 5th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.03. Lands’ End had a negative net margin of 1.46% and a positive return on equity of 1.24%. On average, research analysts predict that Lands’ End will post 0.41 EPS for the current year.

Hedge Funds Weigh In On Lands’ End

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quarry LP acquired a new stake in Lands’ End during the fourth quarter valued at $41,000. SG Americas Securities LLC acquired a new stake in shares of Lands’ End during the 3rd quarter valued at about $101,000. AlphaQuest LLC bought a new stake in shares of Lands’ End in the 4th quarter valued at approximately $101,000. Wells Fargo & Company MN grew its stake in shares of Lands’ End by 18.4% in the 4th quarter. Wells Fargo & Company MN now owns 10,033 shares of the company’s stock valued at $132,000 after buying an additional 1,559 shares in the last quarter. Finally, Inceptionr LLC acquired a new position in Lands’ End in the fourth quarter worth approximately $150,000. 37.46% of the stock is currently owned by hedge funds and other institutional investors.

Lands’ End Company 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.