Lands’ End (NASDAQ:LE) Announces Quarterly Earnings Results, Hits Expectations

Lands’ End (NASDAQ:LE) issued its quarterly earnings results on Thursday. The company reported $0.09 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.09, FiscalAI reports. The company had revenue of $302.04 million during the quarter, compared to the consensus estimate of $300.67 million. Lands’ End had a return on equity of 8.22% and a net margin of 26.24%.

Lands’ End Stock Performance

Shares of Lands’ End stock opened at $11.27 on Thursday. The company has a quick ratio of 0.37, a current ratio of 1.58 and a debt-to-equity ratio of 0.06. The stock’s fifty day moving average is $11.95 and its two-hundred day moving average is $12.57. Lands’ End has a 52 week low of $9.56 and a 52 week high of $20.04. The company has a market capitalization of $346.44 million, a PE ratio of 1.02 and a beta of 2.32.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in LE. Arrowstreet Capital Limited Partnership boosted its position in Lands’ End by 76.9% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 487,183 shares of the company’s stock valued at $6,869,000 after buying an additional 211,736 shares during the period. Jacobs Levy Equity Management Inc. raised its stake in shares of Lands’ End by 147.3% during the third quarter. Jacobs Levy Equity Management Inc. now owns 202,024 shares of the company’s stock valued at $2,849,000 after acquiring an additional 120,342 shares in the last quarter. Millennium Management LLC raised its stake in shares of Lands’ End by 686.0% during the third quarter. Millennium Management LLC now owns 122,415 shares of the company’s stock valued at $1,726,000 after acquiring an additional 106,840 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Lands’ End in the fourth quarter valued at approximately $1,528,000. Finally, UBS Group AG grew its stake in Lands’ End by 197.4% in the third quarter. UBS Group AG now owns 132,610 shares of the company’s stock worth $1,870,000 after purchasing an additional 88,017 shares in the last quarter. Hedge funds and other institutional investors own 37.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on LE. Wall Street Zen cut shares of Lands’ End from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Weiss Ratings upgraded shares of Lands’ End from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, June 11th. Finally, Noble Financial started coverage on shares of Lands’ End in a research note on Thursday, June 18th. They set an “outperform” rating and a $20.00 price target for the company. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $20.00.

Lands’ End Company Profile

Lands’ End, Inc (NASDAQ: LE) is an American retailer specializing in casual apparel, accessories and home goods. Headquartered in Dodgeville, Wisconsin, the company sells its products through a combination of direct-to-consumer channels including e-commerce, catalogues and a network of outlet stores. Lands’ End is known for its nautical-inspired designs, functional outerwear and commitment to quality fabrics.

Founded in 1963 by Gary Comer as a mail-order sailing supply business, Lands’ End rapidly expanded its product offering beyond marine gear.