Lands’ End (NASDAQ:LE) Share Price Passes Above 50-Day Moving Average – Time to Sell?

Shares of Lands’ End, Inc. (NASDAQ:LE) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $11.55 and traded as high as $11.59. Lands’ End shares last traded at $11.09, with a volume of 162,287 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded Lands’ End from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 21st. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Lands’ End currently has a consensus rating of “Hold”.

Lands’ End Price Performance

The firm has a 50 day moving average price of $11.55 and a 200 day moving average price of $14.28. The company has a quick ratio of 0.41, a current ratio of 1.61 and a debt-to-equity ratio of 0.88. The stock has a market cap of $341.03 million, a P/E ratio of 61.61 and a beta of 2.36.

Lands’ End (NASDAQ:LE) last issued its earnings results on Thursday, March 19th. The company reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.01). The business had revenue of $462.37 million for the quarter, compared to the consensus estimate of $471.01 million. Lands’ End had a net margin of 0.41% and a return on equity of 9.80%. On average, analysts forecast that Lands’ End, Inc. will post 0.97 EPS for the current fiscal 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 outstanding shares. This buyback authorization allows the company to reacquire up to 28.9% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s management believes its shares are undervalued.

Institutional Trading of Lands’ End

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its stake in Lands’ End by 0.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,296,284 shares of the company’s stock valued at $18,278,000 after purchasing an additional 6,666 shares during the period. Weiss Asset Management LP bought a new stake in shares of Lands’ End in the first quarter worth about $8,990,000. Vanguard Group Inc. increased its holdings in shares of Lands’ End by 2.2% in the third quarter. Vanguard Group Inc. now owns 684,340 shares of the company’s stock worth $9,649,000 after purchasing an additional 14,520 shares during the last quarter. Towerview LLC increased its holdings in shares of Lands’ End by 37.5% in the first quarter. Towerview LLC now owns 592,701 shares of the company’s stock worth $6,662,000 after purchasing an additional 161,701 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of Lands’ End by 29.9% in the first quarter. Bank of America Corp DE now owns 532,956 shares of the company’s stock worth $5,990,000 after purchasing an additional 122,650 shares during the last quarter. 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.