Lands’ End (NASDAQ:LE) Stock Price Up 3.6% – Time to Buy?

Lands’ End, Inc. (NASDAQ:LE) rose 3.6% during trading on Monday . The stock traded as high as $17.70 and last traded at $17.68. Approximately 36,576 shares were traded during mid-day trading, a decline of 64% from the average daily volume of 102,701 shares. The stock had previously closed at $17.06.

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 Up 2.1 %

The firm’s 50-day simple moving average is $15.64 and its 200-day simple moving average is $14.69. The company has a market capitalization of $587.61 million, a price-to-earnings ratio of -4.41 and a beta of 2.77. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.41 and a current ratio of 1.64.

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Simplicity Wealth LLC increased its stake in Lands’ End by 2.5% in the third quarter. Simplicity Wealth LLC now owns 28,159 shares of the company’s stock valued at $486,000 after acquiring an additional 700 shares during the period. SG Americas Securities LLC acquired a new stake in Lands’ End during the third quarter valued at approximately $101,000. AQR Capital Management LLC bought a new stake in shares of Lands’ End in the 2nd quarter valued at approximately $353,000. Squarepoint Ops LLC acquired a new position in shares of Lands’ End in the 2nd quarter worth approximately $786,000. Finally, Marshall Wace LLP bought a new position in shares of Lands’ End during the 2nd quarter worth approximately $881,000. 37.46% of the stock is currently owned by institutional investors and hedge funds.

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.