Lands’ End (NASDAQ:LE) Share Price Passes Above 50-Day Moving Average – Here’s What Happened

Lands’ End, Inc. (NASDAQ:LE) shares passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $10.52 and traded as high as $11.60. Lands’ End shares last traded at $11.53, with a volume of 298,546 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut shares of Lands’ End from a “buy” rating to a “hold” rating in a report on Friday, June 6th.

Lands’ End Trading Down 1.7%

The company has a market cap of $351.32 million, a P/E ratio of 88.70 and a beta of 2.51. The company has a quick ratio of 0.52, a current ratio of 1.86 and a debt-to-equity ratio of 1.14. The firm’s 50-day moving average price is $10.52 and its 200-day moving average price is $10.52.

Lands’ End (NASDAQ:LE) last announced its quarterly earnings results on Thursday, June 5th. The company reported ($0.18) earnings per share for the quarter, beating the consensus estimate of ($0.19) by $0.01. The company had revenue of $261.21 million during the quarter, compared to analysts’ expectations of $272.60 million. Lands’ End had a return on equity of 5.80% and a net margin of 0.33%. As a group, equities research analysts expect that Lands’ End, Inc. will post 0.41 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Harbor Capital Advisors Inc. bought a new position in shares of Lands’ End during the 1st quarter valued at about $27,000. Quarry LP purchased a new stake in Lands’ End during the fourth quarter valued at about $41,000. SVB Wealth LLC bought a new position in shares of Lands’ End during the first quarter valued at about $51,000. Integrated Wealth Concepts LLC purchased a new position in shares of Lands’ End in the first quarter worth about $104,000. Finally, AlphaQuest LLC lifted its stake in shares of Lands’ End by 24.5% in the 2nd quarter. AlphaQuest LLC now owns 9,785 shares of the company’s stock valued at $105,000 after acquiring an additional 1,924 shares during 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 apparel, swimwear, outerwear, accessories, footwear, home products, and uniform 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.