Lands’ End (NASDAQ:LE – Get Free Report) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a report issued on Friday.
Separately, Craig Hallum boosted their price target on Lands’ End from $15.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, May 16th.
Check Out Our Latest Research Report on Lands’ End
Lands’ End Stock Down 7.6 %
Lands’ End (NASDAQ:LE – Get Free Report) last announced its quarterly earnings results on Wednesday, June 5th. The company reported ($0.20) earnings per share for the quarter, beating the consensus estimate of ($0.27) by $0.07. The company had revenue of $285.47 million during the quarter, compared to the consensus estimate of $271.60 million. Lands’ End had a negative net margin of 9.35% and a negative return on equity of 3.57%. Equities analysts predict that Lands’ End will post 0.3 EPS for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Gladius Capital Management LP bought a new stake in Lands’ End in the 2nd quarter worth approximately $31,000. BNP Paribas Financial Markets grew its holdings in shares of Lands’ End by 65.0% in the first quarter. BNP Paribas Financial Markets now owns 6,999 shares of the company’s stock worth $76,000 after acquiring an additional 2,757 shares during the period. Bank of New York Mellon Corp increased its position in Lands’ End by 8.9% during the second quarter. Bank of New York Mellon Corp now owns 53,245 shares of the company’s stock valued at $724,000 after acquiring an additional 4,334 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in Lands’ End by 41.6% in the first quarter. O Shaughnessy Asset Management LLC now owns 14,962 shares of the company’s stock valued at $163,000 after acquiring an additional 4,392 shares during the period. Finally, Jump Financial LLC bought a new position in Lands’ End in the fourth quarter valued at about $115,000. Institutional investors own 37.46% of the company’s stock.
About Lands’ End
Lands' End, Inc operates as a digital retailer of casual clothing, swimwear, outerwear, accessories, footwear, and home products 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.
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