Lands’ End (NASDAQ:LE) Stock Passes Below 200-Day Moving Average – Here’s What Happened

Lands’ End, Inc. (NASDAQ:LE)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $15.05 and traded as low as $10.87. Lands’ End shares last traded at $10.98, with a volume of 181,556 shares.

Wall Street Analyst Weigh In

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

Lands’ End Price Performance

The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.41 and a current ratio of 1.61. The business’s fifty day simple moving average is $13.49 and its 200 day simple moving average is $15.05. The stock has a market cap of $337.65 million, a price-to-earnings ratio of 61.00 and a beta of 2.49.

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

Lands’ End announced that its board has initiated a stock repurchase program on Wednesday, April 1st that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 28.9% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its shares are undervalued.

Hedge Funds Weigh In On Lands’ End

Institutional investors and hedge funds have recently made changes to their positions in the business. BNP Paribas Financial Markets grew its position in shares of 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 buying an additional 1,081 shares in the last quarter. Quarry LP bought a new position in Lands’ End during the 3rd quarter valued at $36,000. Integrated Wealth Concepts LLC acquired a new position in Lands’ End during the 1st quarter worth $104,000. Los Angeles Capital Management LLC acquired a new position in Lands’ End during the 4th quarter worth $137,000. Finally, Wells Fargo & Company MN increased its position in shares of Lands’ End by 14.5% in the 4th quarter. Wells Fargo & Company MN now owns 10,355 shares of the company’s stock worth $150,000 after purchasing an additional 1,309 shares during the last quarter. 37.46% of the stock is currently owned by hedge funds and other institutional investors.

Lands’ End Company Profile

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.