Lands’ End (NASDAQ:LE) Releases FY 2024 Earnings Guidance

Lands’ End (NASDAQ:LE) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 0.100-0.380 for the period, compared to the consensus estimate of 0.030. The company issued revenue guidance of $1.3 billion-$1.5 billion, compared to the consensus revenue estimate of $1.4 billion. Lands’ End also updated its Q1 2024 guidance to -0.300–0.240 EPS.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. StockNews.com raised shares of Lands’ End from a hold rating to a buy rating in a research report on Friday, December 15th. Craig Hallum raised shares of Lands’ End from a hold rating to a buy rating and upped their price target for the stock from $9.00 to $15.00 in a research report on Thursday.

Lands’ End Stock Performance

Lands’ End stock opened at $10.89 on Friday. Lands’ End has a 52-week low of $5.98 and a 52-week high of $11.32. The firm has a fifty day moving average of $9.20 and a 200-day moving average of $8.17. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.86 and a quick ratio of 0.41.

Institutional Investors Weigh In On Lands’ End

Large investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. grew its holdings in Lands’ End by 13.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 33,836 shares of the company’s stock valued at $323,000 after purchasing an additional 4,106 shares in the last quarter. Barclays PLC grew its holdings in Lands’ End by 129.3% during the 4th quarter. Barclays PLC now owns 31,908 shares of the company’s stock valued at $305,000 after purchasing an additional 17,994 shares in the last quarter. Nuveen Asset Management LLC grew its holdings in Lands’ End by 15.3% during the 4th quarter. Nuveen Asset Management LLC now owns 93,020 shares of the company’s stock valued at $889,000 after purchasing an additional 12,324 shares in the last quarter. Occudo Quantitative Strategies LP acquired a new stake in Lands’ End during the 4th quarter valued at $125,000. Finally, Gamco Investors INC. ET AL grew its holdings in Lands’ End by 1.8% during the 4th quarter. Gamco Investors INC. ET AL now owns 290,000 shares of the company’s stock valued at $2,772,000 after purchasing an additional 5,000 shares in the last quarter. Institutional investors and hedge funds own 37.46% of the company’s stock.

About Lands’ End

Lands' End, Inc operates as a digital retailer of casual clothing, swimwear, outerwear, accessories, footwear, and home products in the United States, Europe, Asia, and internationally. It operates through U.S. eCommerce, International, Outfitters, Third Party, and Retail segments. The company also sells uniform and logo apparel.