Lands’ End (NASDAQ:LE) Issues Q2 2021 Earnings Guidance

Lands’ End (NASDAQ:LE) updated its second quarter 2021 earnings guidance on Tuesday. The company provided EPS guidance of $0.390-$0.430 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.070. The company issued revenue guidance of $380 million-$385 million, compared to the consensus revenue estimate of $350.50 million.Lands’ End also updated its FY 2021 guidance to $1.270-$1.470 EPS.

A number of research firms have recently issued reports on LE. Zacks Investment Research upgraded shares of Lands’ End from a hold rating to a buy rating and set a $39.00 price objective on the stock in a report on Tuesday, June 8th. Craig Hallum lifted their price objective on shares of Lands’ End from $50.00 to $60.00 and gave the company a buy rating in a report on Wednesday.

LE traded up $0.20 during trading on Thursday, reaching $43.25. 1,607 shares of the stock were exchanged, compared to its average volume of 223,085. The company has a market cap of $1.43 billion, a PE ratio of 41.80 and a beta of 2.59. Lands’ End has a twelve month low of $7.85 and a twelve month high of $43.50. The business’s 50 day moving average price is $32.88. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.43 and a current ratio of 1.89.

Lands’ End (NASDAQ:LE) last issued its earnings results on Tuesday, June 1st. The company reported $0.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.29) by $0.37. The business had revenue of $321.30 million for the quarter, compared to the consensus estimate of $283.20 million. Lands’ End had a net margin of 2.23% and a return on equity of 9.60%. On average, equities analysts anticipate that Lands’ End will post 1 EPS for the current year.

In other Lands’ End news, CEO Jerome Griffith sold 8,762 shares of Lands’ End stock in a transaction on Thursday, June 3rd. The shares were sold at an average price of $35.03, for a total transaction of $306,932.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.00% of the company’s stock.

About Lands’ End

Lands' End, Inc operates as a uni-channel retailer of casual clothing, accessories, footwear, and home products in the United States, Europe, Asia, and internationally. It operates through U.S. eCommerce, Lands' End Outfitters, Europe eCommerce, Japan eCommerce, Third Party, and Retail segments.

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