Ancora Advisors LLC Makes New Investment in Lands' End, Inc. $LE

Key Points

• Ancora Advisors acquired 116,280 Lands’ End shares worth approximately $1.22 million, representing about 0.38% of the company. Institutional investors and hedge funds collectively own 37.46% of the stock.
• Analyst sentiment is mixed but leans positive: Noble Financial initiated coverage with an “outperform” rating and a $20 price target, while the consensus rating is “Moderate Buy” with a $20 target.
• Lands’ End shares opened at $11.89, well below the 52-week high of $20.04. The company beat quarterly EPS expectations but reported revenue of $238.92 million, below the $268.68 million analyst consensus.

Ancora Advisors LLC acquired a new stake in Lands' End, Inc. (NASDAQ:LE - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 116,280 shares of the company's stock, valued at approximately $1,219,000. Ancora Advisors LLC owned approximately 0.38% of Lands' End at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. BNP Paribas Financial Markets raised its holdings in shares of Lands' End by 83.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,384 shares of the company's stock worth $34,000 after acquiring an additional 1,081 shares during the last quarter. Quarry LP acquired a new position in Lands' End during the 3rd quarter valued at about $36,000. State of Wyoming acquired a new position in Lands' End during the 2nd quarter valued at about $59,000. Deutsche Bank AG bought a new stake in Lands' End during the 2nd quarter worth approximately $101,000. Finally, Integrated Wealth Concepts LLC purchased a new stake in shares of Lands' End in the first quarter worth approximately $104,000. 37.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on LE shares. Weiss Ratings raised Lands' End from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday, June 11th. Noble Financial initiated coverage on Lands' End in a research report on Thursday, June 18th. They issued an "outperform" rating and a $20.00 price target for the company. Finally, Wall Street Zen cut Lands' End from a "buy" rating to a "hold" rating in a research note on Saturday, June 13th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $20.00.

Lands' End Stock Down 2.4%

Shares of NASDAQ LE opened at $11.89 on Friday. The business has a 50-day simple moving average of $11.95 and a two-hundred day simple moving average of $12.75. The company has a quick ratio of 0.37, a current ratio of 1.58 and a debt-to-equity ratio of 0.06. Lands' End, Inc. has a 52 week low of $9.56 and a 52 week high of $20.04. The company has a market cap of $365.50 million, a P/E ratio of 1.08 and a beta of 2.31.

Lands' End (NASDAQ:LE - Get Free Report) last posted its earnings results on Tuesday, June 9th. The company reported ($0.11) EPS for the quarter, topping the consensus estimate of ($0.21) by $0.10. The business had revenue of $238.92 million during the quarter, compared to analysts' expectations of $268.68 million. Lands' End had a return on equity of 8.22% and a net margin of 26.24%.During the same period in the previous year, the business earned ($0.27) earnings per share. Lands' End has set its FY 2026 guidance at 0.320-0.650 EPS and its Q2 2026 guidance at 0.060-0.160 EPS. Research analysts anticipate that Lands' End, Inc. will post 0.49 earnings per share for the current fiscal year.

About Lands' End

Lands' End, Inc NASDAQ: LE is an American retailer specializing in casual apparel, accessories and home goods. Headquartered in Dodgeville, Wisconsin, the company sells its products through a combination of direct-to-consumer channels including e-commerce, catalogues and a network of outlet stores. Lands' End is known for its nautical-inspired designs, functional outerwear and commitment to quality fabrics.

Founded in 1963 by Gary Comer as a mail-order sailing supply business, Lands' End rapidly expanded its product offering beyond marine gear.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source