Lands’ End (NASDAQ:LE) Cut to “Buy” at StockNews.com

Lands’ End (NASDAQ:LE) was downgraded by stock analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued on Wednesday.

Lands’ End Stock Performance

Shares of LE stock traded up $0.45 on Wednesday, hitting $13.20. 97,210 shares of the stock were exchanged, compared to its average volume of 136,768. The firm’s 50 day moving average is $14.50 and its two-hundred day moving average is $15.40. Lands’ End has a one year low of $7.64 and a one year high of $19.88. The firm has a market capitalization of $408.28 million, a PE ratio of -20.00 and a beta of 2.75. The company has a current ratio of 1.74, a quick ratio of 0.45 and a debt-to-equity ratio of 1.29.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Bank of New York Mellon Corp increased its position in shares of Lands’ End by 8.9% during the second quarter. Bank of New York Mellon Corp now owns 53,245 shares of the company’s stock valued at $724,000 after buying an additional 4,334 shares during the period. American Century Companies Inc. lifted its stake in Lands’ End by 111.2% in the 2nd quarter. American Century Companies Inc. now owns 205,087 shares of the company’s stock worth $2,787,000 after purchasing an additional 107,966 shares in the last quarter. XTX Topco Ltd bought a new position in Lands’ End in the 2nd quarter valued at $343,000. Marshall Wace LLP purchased a new position in shares of Lands’ End during the 2nd quarter valued at $881,000. Finally, Squarepoint Ops LLC bought a new position in shares of Lands’ End in the second quarter worth $786,000. 37.46% of the stock is currently owned by hedge funds and other 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.