Frontier Capital Management Co. LLC boosted its position in Lands' End, Inc. (NASDAQ:LE) by 285.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,663,088 shares of the company’s stock after buying an additional 1,231,508 shares during the period. Frontier Capital Management Co. LLC owned approximately 5.18% of Lands' End worth $32,513,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently modified their holdings of LE. Janus Henderson Group PLC acquired a new position in Lands' End in the second quarter valued at approximately $56,050,000. Point72 Asset Management L.P. acquired a new position in Lands' End in the third quarter valued at approximately $9,097,000. Penserra Capital Management LLC lifted its holdings in Lands' End by 55.5% in the third quarter. Penserra Capital Management LLC now owns 118,346 shares of the company’s stock valued at $1,562,000 after acquiring an additional 42,260 shares during the period. Gamco Investors INC. ET AL lifted its holdings in Lands' End by 94.8% in the third quarter. Gamco Investors INC. ET AL now owns 78,000 shares of the company’s stock valued at $1,030,000 after acquiring an additional 37,952 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Lands' End by 18.3% in the third quarter. Dimensional Fund Advisors LP now owns 152,140 shares of the company’s stock valued at $2,008,000 after acquiring an additional 23,515 shares during the period. Hedge funds and other institutional investors own 52.43% of the company’s stock.
Lands' End, Inc. (LE) remained flat at $$17.30 during midday trading on Monday. 110,607 shares of the company’s stock were exchanged, compared to its average volume of 173,504. Lands' End, Inc. has a 1 year low of $10.55 and a 1 year high of $24.80. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.69 and a current ratio of 2.29. The stock has a market capitalization of $555.29, a price-to-earnings ratio of -5.23, a P/E/G ratio of 3.76 and a beta of 0.14.
Lands' End (NASDAQ:LE) last posted its quarterly earnings data on Tuesday, December 5th. The company reported $0.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.15) by $0.16. The firm had revenue of $325.50 million during the quarter, compared to the consensus estimate of $320.15 million. Lands' End had a positive return on equity of 0.55% and a negative net margin of 7.85%. The firm’s revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.14) EPS. equities analysts predict that Lands' End, Inc. will post 0.08 EPS for the current fiscal year.
Several brokerages have recently weighed in on LE. BidaskClub raised Lands' End from a “sell” rating to a “hold” rating in a research note on Wednesday, February 7th. Zacks Investment Research downgraded Lands' End from a “buy” rating to a “hold” rating in a research note on Saturday, February 3rd. Finally, ValuEngine raised Lands' End from a “sell” rating to a “hold” rating in a research note on Friday, December 1st. Four equities research analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and a consensus target price of $15.50.
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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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