Lands' End, Inc. $LE Shares Acquired by American Century Companies Inc.

Key Points

• American Century Companies Inc. increased its stake in Lands' End, Inc. by 9.5% in Q1, holding 408,385 shares valued at approximately $4.16 million.
• Analysts from Wall Street Zen downgraded Lands' End from a "buy" rating to a "hold" rating on June 6.
• Lands' End reported a quarterly earnings per share of ($0.18), beating analysts' expectations of ($0.19), but fell short of revenue estimates with $261.21 million reported against a projected $272.60 million.

American Century Companies Inc. increased its stake in shares of Lands' End, Inc. (NASDAQ:LE - Free Report) by 9.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 408,385 shares of the company's stock after purchasing an additional 35,449 shares during the quarter. American Century Companies Inc. owned approximately 1.32% of Lands' End worth $4,157,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in LE. Nuveen LLC acquired a new stake in shares of Lands' End during the 1st quarter worth about $623,000. Invesco Ltd. boosted its position in Lands' End by 2.6% during the first quarter. Invesco Ltd. now owns 49,457 shares of the company's stock worth $503,000 after acquiring an additional 1,252 shares during the last quarter. Towerview LLC boosted its position in Lands' End by 28.2% during the first quarter. Towerview LLC now owns 420,000 shares of the company's stock worth $4,276,000 after acquiring an additional 92,500 shares during the last quarter. Bailard Inc. grew its stake in Lands' End by 32.8% in the 1st quarter. Bailard Inc. now owns 22,100 shares of the company's stock worth $225,000 after acquiring an additional 5,460 shares during the period. Finally, SG Americas Securities LLC acquired a new position in Lands' End in the 1st quarter valued at $582,000. Institutional investors and hedge funds own 37.46% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered Lands' End from a "buy" rating to a "hold" rating in a research note on Friday, June 6th.

Lands' End Stock Down 0.2%

Shares of Lands' End stock traded down $0.03 during trading hours on Wednesday, hitting $13.71. 114,046 shares of the company's stock traded hands, compared to its average volume of 274,799. The company has a quick ratio of 0.52, a current ratio of 1.86 and a debt-to-equity ratio of 1.14. Lands' End, Inc. has a twelve month low of $7.65 and a twelve month high of $19.88. The stock has a 50 day simple moving average of $12.45 and a 200-day simple moving average of $10.64. The company has a market cap of $417.63 million, a PE ratio of 105.46 and a beta of 2.34.

Lands' End (NASDAQ:LE - Get Free Report) last released its earnings results on Thursday, June 5th. The company reported ($0.18) EPS for the quarter, beating the consensus estimate of ($0.19) by $0.01. The company had revenue of $261.21 million during the quarter, compared to analysts' expectations of $272.60 million. Lands' End had a return on equity of 5.80% and a net margin of 0.33%. Lands' End has set its FY 2025 guidance at 0.480-0.860 EPS. Equities research analysts anticipate that Lands' End, Inc. will post 0.41 earnings per share for the current fiscal year.

Lands' End 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.