Lands' End (LE) Stock Price Up 11.9%
Lands' End, Inc. (NASDAQ:LE) rose 11.9% on Tuesday . The company traded as high as $14.60 and last traded at $13.20. Approximately 1,294,232 shares were traded during trading, an increase of 589% from the average daily volume of 187,954 shares. The stock had previously closed at $11.80.
LE has been the topic of a number of research analyst reports. BidaskClub upgraded Lands' End from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 25th. Zacks Investment Research upgraded Lands' End from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. Finally, ValuEngine upgraded Lands' End from a “sell” rating to a “hold” rating in a research note on Friday. One research analyst has rated the stock with a sell rating and three have issued a hold rating to the company. The stock presently has an average rating of “Hold” and an average target price of $14.00.
The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.90 and a current ratio of 2.29.
In other news, major shareholder Edward S. Lampert bought 149,844 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The stock was purchased at an average price of $10.81 per share, with a total value of $1,619,813.64. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Edward S. Lampert bought 60,218 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The shares were purchased at an average cost of $10.97 per share, with a total value of $660,591.46. The disclosure for this purchase can be found here. Insiders have bought 229,225 shares of company stock worth $2,489,658 in the last 90 days. Insiders own 0.51% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the stock. Janus Henderson Group PLC acquired a new position in Lands' End in the second quarter valued at approximately $56,050,000. Vanguard Group Inc. lifted its holdings in Lands' End by 4.4% in the first quarter. Vanguard Group Inc. now owns 1,138,476 shares of the company’s stock valued at $24,421,000 after acquiring an additional 47,488 shares during the period. Point72 Asset Management L.P. acquired a new position in Lands' End in the third quarter valued at approximately $9,097,000. Frontier Capital Management Co. LLC acquired a new position in Lands' End in the third quarter valued at approximately $5,697,000. Finally, State Street Corp lifted its holdings in Lands' End by 3.2% in the second quarter. State Street Corp now owns 291,145 shares of the company’s stock valued at $4,333,000 after acquiring an additional 9,030 shares during the period. 48.22% of the stock is owned by hedge funds and other institutional investors.
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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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