Lands’ End (NASDAQ:LE) Releases Quarterly Earnings Results, Hits Estimates

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

Lands’ End Trading Down 4.6%

Shares of LE opened at $11.27 on Thursday. The company’s fifty day moving average is $11.95 and its 200 day moving average is $12.57. Lands’ End has a fifty-two week low of $9.56 and a fifty-two week high of $20.04. The stock has a market capitalization of $346.44 million, a PE ratio of 1.02 and a beta of 2.32. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.37 and a current ratio of 1.58.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on LE. Weiss Ratings upgraded shares of Lands’ End from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, June 11th. Wall Street Zen lowered Lands’ End from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Finally, Noble Financial initiated coverage on Lands’ End in a report on Thursday, June 18th. They issued an “outperform” rating and a $20.00 target price on the stock. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $20.00.

Get Our Latest Research Report on LE

Hedge Funds Weigh In On Lands’ End

Several institutional investors have recently bought and sold shares of LE. BNP Paribas Financial Markets increased its holdings in shares of Lands’ End by 83.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,384 shares of the company’s stock worth $34,000 after buying an additional 1,081 shares during the last quarter. Quarry LP bought a new position in shares of Lands’ End in the 3rd quarter valued at about $36,000. Integrated Wealth Concepts LLC purchased a new position in Lands’ End in the first quarter worth about $104,000. Los Angeles Capital Management LLC purchased a new position in Lands’ End in the fourth quarter worth about $137,000. Finally, Wells Fargo & Company MN raised its position in Lands’ End by 14.5% during the fourth quarter. Wells Fargo & Company MN now owns 10,355 shares of the company’s stock valued at $150,000 after purchasing an additional 1,309 shares during the period. Institutional investors own 37.46% of the company’s stock.

About Lands’ End

(Get Free Report)

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.

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Earnings History for Lands' End (NASDAQ:LE)

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