Lands’ End (NASDAQ:LE) Share Price Passes Below Fifty Day Moving Average – Time to Sell?

Shares of Lands’ End, Inc. (NASDAQ:LE) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $11.73 and traded as low as $11.64. Lands’ End shares last traded at $12.06, with a volume of 197,440 shares traded.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut shares of Lands’ End from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 21st. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Lands’ End has an average rating of “Hold”.

Lands’ End Stock Up 3.3%

The firm has a market cap of $370.86 million, a PE ratio of 67.00 and a beta of 2.37. The business’s 50 day moving average price is $11.73 and its 200 day moving average price is $14.51. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.61 and a quick ratio of 0.41.

Lands’ End (NASDAQ:LE) last released its earnings results on Thursday, March 19th. The company reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.01). The company had revenue of $462.37 million for the quarter, compared to analysts’ expectations of $471.01 million. Lands’ End had a return on equity of 9.80% and a net margin of 0.41%. On average, equities research analysts expect that Lands’ End, Inc. will post 0.97 earnings per share for the current year.

Lands’ End announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, April 1st that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to buy up to 28.9% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Institutional Trading of Lands’ End

Several large investors have recently bought and sold shares of LE. Integrated Wealth Concepts LLC purchased a new stake in Lands’ End during the 1st quarter valued at about $104,000. Empowered Funds LLC grew its stake in Lands’ End by 8.6% during the 1st quarter. Empowered Funds LLC now owns 70,257 shares of the company’s stock valued at $715,000 after acquiring an additional 5,543 shares in the last quarter. Jane Street Group LLC grew its stake in Lands’ End by 45.7% during the 1st quarter. Jane Street Group LLC now owns 26,229 shares of the company’s stock valued at $267,000 after acquiring an additional 8,231 shares in the last quarter. Hsbc Holdings PLC grew its stake in Lands’ End by 6.7% during the 2nd quarter. Hsbc Holdings PLC now owns 32,310 shares of the company’s stock valued at $350,000 after acquiring an additional 2,032 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in Lands’ End by 7.9% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 275,447 shares of the company’s stock valued at $2,950,000 after acquiring an additional 20,150 shares in the last quarter. Hedge funds and other institutional investors own 37.46% of the company’s stock.

About Lands’ End

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.