Lands’ End (NASDAQ:LE) Stock Price Down 5.5% – Here’s What Happened

Lands’ End, Inc. (NASDAQ:LE) shares dropped 5.5% on Thursday . The company traded as low as $18.72 and last traded at $18.72. Approximately 87,257 shares traded hands during mid-day trading, a decline of 16% from the average daily volume of 104,431 shares. The stock had previously closed at $19.80.

Analysts Set New Price Targets

Separately, StockNews.com raised Lands’ End from a “hold” rating to a “buy” rating in a research report on Friday, September 6th.

Lands’ End Stock Down 9.8 %

The company has a quick ratio of 0.41, a current ratio of 1.64 and a debt-to-equity ratio of 1.10. The company has a market cap of $560.91 million, a PE ratio of -4.38 and a beta of 2.77. The company’s fifty day moving average is $15.75 and its 200-day moving average is $14.72.

Lands’ End (NASDAQ:LE) last issued its quarterly earnings data on Thursday, September 5th. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.08. Lands’ End had a negative return on equity of 1.03% and a negative net margin of 9.20%. The company had revenue of $317.17 million during the quarter, compared to analyst estimates of $306.00 million. On average, analysts predict that Lands’ End, Inc. will post 0.37 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Acadian Asset Management LLC purchased a new stake in shares of Lands’ End in the 2nd quarter worth $2,012,000. American Century Companies Inc. raised its stake in shares of Lands’ End by 111.2% in the second quarter. American Century Companies Inc. now owns 205,087 shares of the company’s stock worth $2,787,000 after buying an additional 107,966 shares during the period. ClariVest Asset Management LLC bought a new position in shares of Lands’ End in the second quarter worth about $1,424,000. Marshall Wace LLP bought a new position in shares of Lands’ End during the 2nd quarter valued at approximately $881,000. Finally, Squarepoint Ops LLC purchased a new stake in Lands’ End in the 2nd quarter worth approximately $786,000. 37.46% of the stock is currently owned by institutional investors.

Lands’ End Company Profile

Lands’ End, Inc operates as a digital retailer of apparel, swimwear, outerwear, accessories, footwear, home products, and uniform 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.