Lands’ End, Inc. (NASDAQ:LE) was downgraded by equities research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a note issued to investors on Friday.

LE has been the subject of a number of other research reports. Zacks Investment Research raised Lands’ End from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. Craig Hallum set a $15.00 target price on Lands’ End and gave the company a “hold” rating in a report on Wednesday, June 21st. One analyst has rated the stock with a sell rating and three have issued a hold rating to the company’s stock. Lands’ End has an average rating of “Hold” and a consensus target price of $14.00.

Shares of Lands’ End (NASDAQ LE) opened at 12.15 on Friday. Lands’ End has a 52 week low of $11.20 and a 52 week high of $24.80. The firm’s 50-day moving average is $12.40 and its 200-day moving average is $15.91. The firm’s market capitalization is $389.95 million.

Lands’ End (NASDAQ:LE) last posted its earnings results on Thursday, August 31st. The company reported ($0.12) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.12). The business had revenue of $302.19 million during the quarter, compared to analyst estimates of $292.59 million. Lands’ End had a negative return on equity of 0.73% and a negative net margin of 8.48%. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.06) EPS. Equities analysts anticipate that Lands’ End will post $0.15 EPS for the current year.

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In other Lands’ End news, major shareholder Edward S. Lampert acquired 11,624 shares of the business’s stock in a transaction dated Tuesday, July 25th. The stock was bought at an average price of $13.35 per share, with a total value of $155,180.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Edward S. Lampert acquired 550,100 shares of the business’s stock in a transaction dated Monday, July 24th. The shares were acquired at an average cost of $13.48 per share, with a total value of $7,415,348.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 3,078,330 shares of company stock valued at $40,188,807 in the last ninety days. Insiders own 0.51% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Arrowstreet Capital Limited Partnership purchased a new position in shares of Lands’ End during the second quarter worth about $199,000. State Street Corp grew its holdings in shares of Lands’ End by 3.2% during the second quarter. State Street Corp now owns 291,145 shares of the company’s stock worth $4,333,000 after purchasing an additional 9,030 shares in the last quarter. Janus Henderson Group PLC purchased a new position in shares of Lands’ End during the second quarter worth about $56,050,000. Penserra Capital Management LLC grew its holdings in shares of Lands’ End by 327.0% during the second quarter. Penserra Capital Management LLC now owns 76,086 shares of the company’s stock worth $1,133,000 after purchasing an additional 58,267 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Lands’ End by 1.5% during the second quarter. Bank of New York Mellon Corp now owns 72,779 shares of the company’s stock worth $1,084,000 after purchasing an additional 1,103 shares in the last quarter. 60.51% of the stock is owned by institutional investors.

Lands’ End Company Profile

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.

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