Zacks Investment Research Upgrades Lands' End (LE) to “Buy”

Lands' End (NASDAQ:LE) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Friday. The firm currently has a $16.00 target price on the stock. Zacks Investment Research‘s price target points to a potential upside of 5.26% from the company’s current price.

According to Zacks, “Lands’ End, Inc. operates as a multi-channel retailer. It offers men’s, women’s, and kids’ apparel, outerwear and swimwear; specialty apparel; accessories; footwear; and home products. The Company operates in two segments: Direct and Retail. It offers products through catalogs, online at www.landsend.com and affiliated specialty and international Websites, and through retail locations. Lands’ End, Inc. is based in Dodgeville, Wisconsin. “

LE has been the topic of several other research reports. BidaskClub downgraded shares of Lands' End from a “sell” rating to a “strong sell” rating in a research note on Wednesday, November 1st. ValuEngine upgraded shares of Lands' End from a “sell” rating to a “hold” rating in a research note on Friday, December 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $15.50.

Lands' End (LE) opened at $15.20 on Friday. Lands' End has a 52-week low of $10.55 and a 52-week high of $24.80. The company has a market cap of $423.69, a P/E ratio of 220.00, a PEG ratio of 16.50 and a beta of 0.33. The company has a debt-to-equity ratio of 1.86, a current ratio of 2.29 and a quick ratio of 0.90.

Lands' End (NASDAQ:LE) last released its quarterly earnings results on Tuesday, December 5th. The company reported $0.01 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.15) by $0.16. Lands' End had a negative net margin of 7.85% and a positive return on equity of 0.55%. The company had revenue of $325.50 million for the quarter, compared to analyst estimates of $320.15 million. During the same quarter last year, the firm posted ($0.14) earnings per share. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. sell-side analysts forecast that Lands' End will post 0.04 EPS for the current year.

In other Lands' End news, major shareholder Edward S. Lampert purchased 18,403 shares of the firm’s stock in a transaction on Wednesday, November 8th. The shares were purchased at an average price of $10.83 per share, for a total transaction of $199,304.49. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Edward S. Lampert purchased 60,218 shares of the firm’s stock in a transaction on Thursday, November 2nd. The shares were acquired at an average price of $10.97 per share, for a total transaction of $660,591.46. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 229,225 shares of company stock worth $2,489,658. 0.51% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Wells Fargo & Company MN boosted its stake in Lands' End by 57.8% during the third quarter. Wells Fargo & Company MN now owns 14,928 shares of the company’s stock worth $197,000 after buying an additional 5,467 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in Lands' End during the second quarter worth $199,000. Nationwide Fund Advisors boosted its stake in Lands' End by 110.3% during the third quarter. Nationwide Fund Advisors now owns 17,033 shares of the company’s stock worth $225,000 after buying an additional 8,934 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its stake in shares of Lands' End by 4.3% in the 1st quarter. Metropolitan Life Insurance Co. NY now owns 12,231 shares of the company’s stock valued at $262,000 after purchasing an additional 500 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in shares of Lands' End in the 3rd quarter valued at $275,000. Hedge funds and other institutional investors own 48.22% of the company’s stock.

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Lands' End Company Profile

Lands’ End, Inc (Lands’ End) is a multi-channel retailer of casual clothing, accessories and footwear, as well as home products. The Company operates through two segments: Direct and Retail. The Company offers products through catalogs, online at www.landsend.com. The Direct segment sells products through the Company’s e-commerce Websites, international Websites and direct mail catalogs.

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