BlackRock Inc. lifted its position in shares of Lands’ End (NASDAQ:LE) by 2.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,024,794 shares of the company’s stock after buying an additional 19,998 shares during the quarter. BlackRock Inc. owned approximately 3.19% of Lands’ End worth $20,036,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in LE. Schwab Charles Investment Management Inc. raised its stake in Lands’ End by 24.3% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 72,162 shares of the company’s stock valued at $1,411,000 after purchasing an additional 14,113 shares during the last quarter. GSA Capital Partners LLP acquired a new position in Lands’ End in the 3rd quarter valued at about $275,000. Towerview LLC raised its stake in Lands’ End by 45.0% in the 4th quarter. Towerview LLC now owns 290,000 shares of the company’s stock valued at $5,670,000 after purchasing an additional 89,979 shares during the last quarter. California Public Employees Retirement System raised its stake in Lands’ End by 7.2% in the 3rd quarter. California Public Employees Retirement System now owns 105,169 shares of the company’s stock valued at $1,388,000 after purchasing an additional 7,042 shares during the last quarter. Finally, Penserra Capital Management LLC raised its stake in Lands’ End by 294.9% in the 4th quarter. Penserra Capital Management LLC now owns 467,354 shares of the company’s stock valued at $9,136,000 after purchasing an additional 349,008 shares during the last quarter. 50.00% of the stock is owned by institutional investors and hedge funds.
NASDAQ LE opened at $20.95 on Wednesday. Lands’ End has a 12 month low of $10.55 and a 12 month high of $24.80. The company has a debt-to-equity ratio of 1.58, a current ratio of 2.37 and a quick ratio of 1.07. The stock has a market cap of $702.08, a PE ratio of 296.43 and a beta of -0.24.
Lands’ End (NASDAQ:LE) last posted its quarterly earnings data on Thursday, March 22nd. The company reported $0.38 EPS for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.12). Lands’ End had a net margin of 2.00% and a return on equity of 0.28%. The company had revenue of $510.60 million for the quarter, compared to analyst estimates of $470.63 million. During the same period in the prior year, the company earned $0.41 EPS. The company’s revenue was up 11.3% compared to the same quarter last year.
In related news, CMO Gill Brown Hong acquired 1,525 shares of the company’s stock in a transaction dated Friday, April 13th. The stock was bought at an average price of $22.20 per share, with a total value of $33,855.00. Following the purchase, the chief marketing officer now directly owns 3,425 shares in the company, valued at approximately $76,035. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.00% of the company’s stock.
Several brokerages recently weighed in on LE. BidaskClub raised shares of Lands’ End from a “hold” rating to a “buy” rating in a research note on Tuesday, March 27th. ValuEngine raised shares of Lands’ End from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. TheStreet raised shares of Lands’ End from a “d+” rating to a “c” rating in a research note on Thursday, March 22nd. Finally, Craig Hallum boosted their target price on shares of Lands’ End from $15.00 to $20.00 and gave the company a “hold” rating in a research note on Friday, March 23rd. They noted that the move was a valuation call. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $18.00.
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Lands’ End Company Profile
Lands' End, Inc operates as a multi-channel retailer in the United States, the United Kingdom, Germany, and Japan. The company operates through two segments, Direct and Retail. It offers casual clothing, accessories, footwear, and home products. The company sells its products online through landsend.com, and affiliated specialty and international Websites; direct mail catalogs; and retail locations primarily at Lands' End Shops at Sears, Lands' End Inlet stores, and international shop-in-shops.
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