Lands’ End (NASDAQ:LE) Stock Price Passes Above Fifty Day Moving Average of $9.94

Lands’ End, Inc. (NASDAQ:LE)’s stock price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $9.94 and traded as high as $13.11. Lands’ End shares last traded at $12.84, with a volume of 123,816 shares traded.

Analyst Ratings Changes

Separately, Craig Hallum upgraded shares of Lands’ End from a “hold” rating to a “buy” rating and increased their price objective for the stock from $9.00 to $15.00 in a report on Thursday, March 28th.

Lands’ End Price Performance

The company has a current ratio of 1.58, a quick ratio of 0.42 and a debt-to-equity ratio of 0.98. The company has a market capitalization of $402.13 million, a PE ratio of -3.12 and a beta of 2.97. The company’s 50 day moving average price is $10.02 and its 200-day moving average price is $8.67.

Lands’ End (NASDAQ:LE) last announced its quarterly earnings results on Wednesday, March 27th. The company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.03). The firm had revenue of $514.85 million for the quarter, compared to analyst estimates of $505.30 million. Lands’ End had a negative return on equity of 1.70% and a negative net margin of 8.87%. On average, sell-side analysts forecast that Lands’ End, Inc. will post 0.2 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Lands’ End

Institutional investors have recently bought and sold shares of the business. Swiss National Bank lifted its stake in shares of Lands’ End by 8.7% during the first quarter. Swiss National Bank now owns 31,210 shares of the company’s stock worth $528,000 after purchasing an additional 2,500 shares in the last quarter. Bank of New York Mellon Corp grew its position in Lands’ End by 1.8% in the first quarter. Bank of New York Mellon Corp now owns 75,606 shares of the company’s stock valued at $1,279,000 after acquiring an additional 1,304 shares in the last quarter. MetLife Investment Management LLC lifted its position in shares of Lands’ End by 56.5% during the first quarter. MetLife Investment Management LLC now owns 7,602 shares of the company’s stock worth $129,000 after purchasing an additional 2,743 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Lands’ End by 4.2% in the first quarter. Dimensional Fund Advisors LP now owns 1,020,596 shares of the company’s stock valued at $17,270,000 after purchasing an additional 40,992 shares during the period. Finally, Vanguard Group Inc. grew its holdings in Lands’ End by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 1,176,706 shares of the company’s stock valued at $19,910,000 after purchasing an additional 29,552 shares in the last quarter. 37.46% of the stock is currently owned by hedge funds and other institutional investors.

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.