Carmel Capital Partners LLC Decreases Stock Position in Lands’ End, Inc. (NASDAQ:LE)

Carmel Capital Partners LLC lowered its stake in Lands’ End, Inc. (NASDAQ:LE) by 7.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,890 shares of the company’s stock after selling 1,585 shares during the period. Carmel Capital Partners LLC owned approximately 0.07% of Lands’ End worth $361,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of LE. BNP Paribas Financial Markets increased its holdings in Lands’ End by 65.0% during the 1st quarter. BNP Paribas Financial Markets now owns 6,999 shares of the company’s stock valued at $76,000 after purchasing an additional 2,757 shares during the period. Empowered Funds LLC increased its holdings in Lands’ End by 69.4% during the 1st quarter. Empowered Funds LLC now owns 54,340 shares of the company’s stock valued at $592,000 after purchasing an additional 22,257 shares during the period. O Shaughnessy Asset Management LLC increased its holdings in Lands’ End by 41.6% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 14,962 shares of the company’s stock valued at $163,000 after purchasing an additional 4,392 shares during the period. Simplicity Wealth LLC purchased a new position in Lands’ End during the 2nd quarter valued at about $373,000. Finally, Gladius Capital Management LP purchased a new position in Lands’ End during the 2nd quarter valued at about $31,000. Hedge funds and other institutional investors own 37.46% of the company’s stock.

Analysts Set New Price Targets

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

Lands’ End Price Performance

Lands’ End stock opened at $16.17 on Friday. Lands’ End, Inc. has a fifty-two week low of $6.35 and a fifty-two week high of $19.88. The stock’s 50 day simple moving average is $16.21 and its two-hundred day simple moving average is $15.22. The company has a quick ratio of 0.41, a current ratio of 1.64 and a debt-to-equity ratio of 1.10.

Lands’ End (NASDAQ:LE) last issued its quarterly earnings data on Thursday, September 5th. The company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $317.17 million for the quarter, compared to analyst estimates of $306.00 million. As a group, equities analysts forecast that Lands’ End, Inc. will post 0.37 earnings per share for the current year.

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.