Shares of Lands’ End Inc. (NASDAQ:LE) have been assigned a consensus broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and one has assigned a strong buy rating to the company. Lands’ End’s rating score has declined by 100% from 90 days ago as a result of a number of analysts’ upgrades and downgrades.
Analysts have set a one year consensus target price of $21.00 for the company and are forecasting that the company will post ($0.06) EPS for the current quarter, according to Zacks. Zacks has also given Lands’ End an industry rank of 99 out of 265 based on the ratings given to its competitors.
A number of equities analysts have weighed in on LE shares. Zacks Investment Research lowered Lands’ End from a “hold” rating to a “sell” rating in a research note on Wednesday, September 28th. CL King lowered Lands’ End from a “buy” rating to a “neutral” rating in a research report on Monday, September 26th.
Lands’ End (NASDAQ:LE) traded up 0.678% during trading on Monday, hitting $18.575. The company had a trading volume of 13,916 shares. Lands’ End has a 1-year low of $14.03 and a 1-year high of $27.60. The stock’s market capitalization is $594.94 million. The company’s 50 day moving average price is $16.24 and its 200-day moving average price is $16.60.
Lands’ End (NASDAQ:LE) last released its quarterly earnings data on Thursday, September 1st. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by $0.08. Lands’ End had a negative net margin of 2.66% and a positive return on equity of 6.51%. The company had revenue of $292 million for the quarter, compared to the consensus estimate of $292.25 million. During the same quarter in the previous year, the firm posted $0.23 earnings per share. The business’s revenue for the quarter was down 6.5% compared to the same quarter last year. On average, analysts expect that Lands’ End will post $0.49 EPS for the current year.
In related news, Director Josephine Linden bought 5,000 shares of the company’s stock in a transaction that occurred on Thursday, September 29th. The stock was bought at an average cost of $15.17 per share, for a total transaction of $75,850.00. Following the acquisition, the director now directly owns 13,000 shares of the company’s stock, valued at approximately $197,210. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jignesh Patel bought 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, September 28th. The shares were bought at an average price of $15.15 per share, with a total value of $37,875.00. Following the completion of the acquisition, the director now directly owns 10,000 shares in the company, valued at $151,500. The disclosure for this purchase can be found here. Insiders own 0.15% of the company’s stock.
A number of large investors have recently modified their holdings of LE. Point72 Asset Management L.P. bought a new stake in shares of Lands’ End during the second quarter valued at $1,232,000. Force Capital Management LLC bought a new stake in shares of Lands’ End during the third quarter valued at $1,015,000. Olstein Capital Management L.P. boosted its stake in shares of Lands’ End by 79.8% in the second quarter. Olstein Capital Management L.P. now owns 152,970 shares of the company’s stock valued at $2,512,000 after buying an additional 67,870 shares in the last quarter. Janus Capital Management LLC boosted its stake in shares of Lands’ End by 1.1% in the second quarter. Janus Capital Management LLC now owns 3,917,413 shares of the company’s stock valued at $64,324,000 after buying an additional 42,199 shares in the last quarter. Finally, BlackRock Fund Advisors boosted its stake in shares of Lands’ End by 9.4% in the third quarter. BlackRock Fund Advisors now owns 383,503 shares of the company’s stock valued at $5,561,000 after buying an additional 32,991 shares in the last quarter. Institutional investors own 69.26% of the company’s stock.
About Lands’ End
Lands’ End, Inc (Lands’ End) is a multi-channel retailer of casual clothing, accessories and footwear, as well as home products. The Company operates through two segments: Direct and Retail. The Company offers products through catalogs, online at www.landsend.com. The Direct segment sells products through the Company’s e-commerce Websites, international Websites and direct mail catalogs.