376,268 Shares in Lands' End, Inc. $LE Bought by Bank of America Corp DE

Key Points

• Bank of America acquired 376,268 Lands’ End shares in the second quarter, worth approximately $3.94 million and representing about 1.22% of the company. Other institutions, including BlackRock, also initiated positions, bringing institutional and hedge-fund ownership to 37.46%.
• Lands’ End shares opened at $10.42, with the stock trading well below its 52-week high of $20.04. The company reported quarterly EPS of $0.09 and revenue of $302.04 million, slightly exceeding analysts’ expectations.
• Analyst sentiment is mixed, with one Buy and one Hold rating, but the consensus view is Moderate Buy with a $20.00 price target.

Bank of America Corp DE purchased a new stake in shares of Lands' End, Inc. (NASDAQ:LE - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 376,268 shares of the company's stock, valued at approximately $3,943,000. Bank of America Corp DE owned approximately 1.22% of Lands' End as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Ancora Advisors LLC acquired a new position in Lands' End during the second quarter worth about $1,219,000. Virtus Advisers LLC bought a new stake in Lands' End in the second quarter worth about $637,000. BlackRock Inc. acquired a new stake in Lands' End in the 2nd quarter valued at about $9,237,000. Deutsche Bank AG bought a new position in shares of Lands' End during the 2nd quarter valued at about $101,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Lands' End during the 2nd quarter valued at about $419,000. 37.46% of the stock is currently owned by institutional investors and hedge funds.

Lands' End Trading Up 1.6%

Shares of LE opened at $10.42 on Tuesday. The business's 50-day moving average price is $11.63 and its 200 day moving average price is $11.73. The stock has a market capitalization of $307.81 million, a P/E ratio of 0.93 and a beta of 2.32. Lands' End, Inc. has a 1-year low of $9.56 and a 1-year high of $20.04. The company has a current ratio of 1.58, a quick ratio of 0.32 and a debt-to-equity ratio of 0.12.

Lands' End (NASDAQ:LE - Get Free Report) last posted its quarterly earnings data on Thursday, September 3rd. The company reported $0.09 EPS for the quarter, meeting analysts' consensus estimates of $0.09. Lands' End had a net margin of 26.62% and a return on equity of 7.96%. The company had revenue of $302.04 million during the quarter, compared to analyst estimates of $300.67 million. Lands' End has set its FY 2026 guidance at 0.440-0.720 EPS and its Q3 2026 guidance at 0.070-0.200 EPS. Analysts expect that Lands' End, Inc. will post 0.47 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on LE. Wall Street Zen downgraded shares of Lands' End from a "buy" rating to a "hold" rating in a report on Saturday, June 13th. Weiss Ratings reissued a "hold (c)" rating on shares of Lands' End in a research note on Tuesday, September 8th. Finally, Noble Financial assumed coverage on shares of Lands' End in a report on Thursday, June 18th. They set an "outperform" rating and a $20.00 target price for the company. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Lands' End currently has a consensus rating of "Moderate Buy" and a consensus price target of $20.00.

Lands' End Profile

Lands' End, Inc is an American lifestyle apparel and home-products company that designs and sells clothing, accessories, and selected home goods through e-commerce, catalogs, retail stores, and third-party distribution channels. Its offerings include casual apparel, outerwear, swimwear, activewear, sleepwear, luggage, and accessories for women, men, and children.

The company also provides products and services for institutional and corporate customers through its school uniforms and business outfitting businesses.

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