Proficio Capital Partners LLC bought a new position in shares of Lands’ End, Inc. (NASDAQ:LE – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 75,545 shares of the company’s stock, valued at approximately $792,000.
Other large investors have also modified their holdings of the company. BNP Paribas Financial Markets increased its position in Lands’ End by 83.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,384 shares of the company’s stock worth $34,000 after purchasing an additional 1,081 shares in the last quarter. Quarry LP acquired a new stake in shares of Lands’ End during the 3rd quarter worth about $36,000. State of Wyoming purchased a new stake in shares of Lands’ End during the second quarter worth about $59,000. Deutsche Bank AG purchased a new stake in shares of Lands’ End during the second quarter worth about $101,000. Finally, Integrated Wealth Concepts LLC purchased a new position in shares of Lands’ End during the first quarter valued at approximately $104,000. 37.46% of the stock is currently owned by institutional investors and hedge funds.
Lands’ End Stock Performance
Lands’ End stock opened at $12.18 on Thursday. The company has a market cap of $374.41 million, a price-to-earnings ratio of 1.11 and a beta of 2.31. Lands’ End, Inc. has a 12 month low of $9.56 and a 12 month high of $20.04. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.58 and a quick ratio of 0.37. The stock’s 50-day moving average is $11.96 and its 200-day moving average is $12.79.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on LE shares. Noble Financial initiated coverage on shares of Lands’ End in a research report on Thursday, June 18th. They set an “outperform” rating and a $20.00 target price on the stock. Wall Street Zen downgraded shares of Lands’ End from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Finally, Weiss Ratings raised shares of Lands’ End from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, June 11th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $20.00.
Check Out Our Latest Analysis on LE
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.
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