Lands’ End (NASDAQ:LE) Rating Increased to Strong-Buy at StockNews.com

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

Lands’ End Stock Performance

Shares of Lands’ End stock opened at $13.38 on Thursday. The business’s fifty day simple moving average is $14.15 and its 200 day simple moving average is $15.39. The company has a current ratio of 1.74, a quick ratio of 0.45 and a debt-to-equity ratio of 1.29. Lands’ End has a 12 month low of $7.64 and a 12 month high of $19.88. The firm has a market capitalization of $413.84 million, a P/E ratio of -20.27 and a beta of 2.75.

Lands’ End (NASDAQ:LE) last released its earnings results on Thursday, December 5th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.03. Lands’ End had a positive return on equity of 1.24% and a negative net margin of 1.46%. As a group, analysts anticipate that Lands’ End will post 0.41 EPS for the current year.

Institutional Trading of Lands’ End

A number of large investors have recently bought and sold shares of LE. SG Americas Securities LLC purchased a new position in shares of Lands’ End during the 3rd quarter valued at $101,000. XTX Topco Ltd purchased a new position in shares of Lands’ End in the second quarter worth about $343,000. AQR Capital Management LLC bought a new stake in Lands’ End during the 2nd quarter valued at $353,000. Simplicity Wealth LLC raised its stake in shares of Lands’ End by 2.5% during the 3rd quarter. Simplicity Wealth LLC now owns 28,159 shares of the company’s stock valued at $486,000 after purchasing an additional 700 shares during the period. Finally, Barclays PLC lifted its holdings in shares of Lands’ End by 82.3% in the third quarter. Barclays PLC now owns 29,940 shares of the company’s stock worth $517,000 after buying an additional 13,520 shares in the last quarter. 37.46% of the stock is owned by hedge funds and other 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.