Lands’ End (NASDAQ:LE) Stock Price Crosses Below 200 Day Moving Average – Should You Sell?

Lands’ End, Inc. (NASDAQ:LE)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $14.75 and traded as low as $10.67. Lands’ End shares last traded at $10.97, with a volume of 279,987 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut shares of Lands’ End from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 21st. 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 Trading Up 1.0%

The stock has a fifty day simple moving average of $12.33 and a 200 day simple moving average of $14.75. The firm has a market capitalization of $337.34 million, a P/E ratio of 60.95 and a beta of 2.37. The company has a quick ratio of 0.41, a current ratio of 1.61 and a debt-to-equity ratio of 0.88.

Lands’ End (NASDAQ:LE) last released 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). Lands’ End had a return on equity of 9.80% and a net margin of 0.41%.The business had revenue of $462.37 million for the quarter, compared to analysts’ expectations of $471.01 million. As a group, research analysts forecast that Lands’ End, Inc. will post 0.97 EPS for the current year.

Lands’ End announced that its Board of Directors has initiated a share repurchase plan on Wednesday, April 1st that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to repurchase up to 28.9% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Hedge Funds Weigh In On Lands’ End

A number of hedge funds and other institutional investors have recently modified their holdings of LE. Weiss Asset Management LP purchased a new position in Lands’ End during the first quarter valued at $8,990,000. Galaxy Digital Inc. purchased a new stake in Lands’ End in the 1st quarter worth $337,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Lands’ End by 1.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 478,519 shares of the company’s stock valued at $5,379,000 after purchasing an additional 5,001 shares during the last quarter. Sei Investments Co. purchased a new position in shares of Lands’ End during the first quarter valued at about $719,000. Finally, State of Wyoming purchased a new position in shares of Lands’ End during the first quarter valued at about $93,000. Institutional investors own 37.46% of the company’s stock.

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.