Lands’ End (NASDAQ:LE) Stock Price Crosses Above 50 Day Moving Average – Should You Sell?

Lands’ End, Inc. (NASDAQ:LE) shares crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $16.57 and traded as high as $16.72. Lands’ End shares last traded at $15.90, with a volume of 239,286 shares trading hands.

Analysts Set New Price Targets

LE has been the subject of a number of recent analyst reports. Wall Street Zen raised Lands’ End from a “buy” rating to a “strong-buy” rating in a report on Saturday, December 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Lands’ End in a research report on Monday, December 29th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Lands’ End Stock Down 1.8%

The company has a debt-to-equity ratio of 1.26, a current ratio of 1.76 and a quick ratio of 0.43. The firm has a market capitalization of $462.22 million, a P/E ratio of 40.89 and a beta of 2.31. The firm’s fifty day moving average price is $16.60 and its 200-day moving average price is $15.70.

Lands’ End (NASDAQ:LE) last announced its earnings results on Tuesday, December 9th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.17 by $0.04. The firm had revenue of $317.49 million for the quarter, compared to analysts’ expectations of $330.93 million. Lands’ End had a return on equity of 7.32% and a net margin of 0.89%.During the same quarter in the previous year, the company earned $0.06 earnings per share. As a group, equities research analysts forecast that Lands’ End, Inc. will post 0.41 earnings per share for the current year.

Institutional Trading of Lands’ End

Several institutional investors have recently modified their holdings of LE. BNP Paribas Financial Markets grew its holdings in Lands’ End by 83.0% during the third quarter. BNP Paribas Financial Markets now owns 2,384 shares of the company’s stock worth $34,000 after acquiring an additional 1,081 shares during the period. Quarry LP acquired a new stake in Lands’ End in the 3rd quarter valued at about $36,000. Los Angeles Capital Management LLC acquired a new stake in Lands’ End in the 4th quarter valued at about $137,000. Integrated Wealth Concepts LLC bought a new position in shares of Lands’ End during the 1st quarter valued at about $104,000. Finally, Wells Fargo & Company MN boosted its position in shares of Lands’ End by 14.5% during the 4th 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 in the last quarter. Institutional investors and hedge funds 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.