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

Bank of America Corp DE grew its stake in shares of Lands' End, Inc. (NASDAQ:LE - Free Report) by 29.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 532,956 shares of the company's stock after acquiring an additional 122,650 shares during the period. Bank of America Corp DE owned about 1.73% of Lands' End worth $5,990,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of LE. Weiss Asset Management LP bought a new position in shares of Lands' End during the first quarter worth about $8,990,000. Arrowstreet Capital Limited Partnership grew its position in Lands' End by 76.9% in the third quarter. Arrowstreet Capital Limited Partnership now owns 487,183 shares of the company's stock worth $6,869,000 after buying an additional 211,736 shares during the last quarter. Towerview LLC grew its holdings in shares of Lands' End by 37.5% in the 1st quarter. Towerview LLC now owns 592,701 shares of the company's stock worth $6,662,000 after acquiring an additional 161,701 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its position in shares of Lands' End by 147.3% during the third quarter. Jacobs Levy Equity Management Inc. now owns 202,024 shares of the company's stock worth $2,849,000 after purchasing an additional 120,342 shares during the period. Finally, Millennium Management LLC lifted its holdings in shares of Lands' End by 686.0% during the third quarter. Millennium Management LLC now owns 122,415 shares of the company's stock valued at $1,726,000 after purchasing an additional 106,840 shares during the last quarter. Institutional investors own 37.46% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Weiss Ratings upgraded shares of Lands' End from a "hold (c-)" rating to a "hold (c)" rating in a report on Thursday, June 11th. Noble Financial started coverage on shares of Lands' End in a report on Thursday, June 18th. They set an "outperform" rating and a $20.00 price target on the stock. Finally, Wall Street Zen downgraded shares of Lands' End from a "buy" rating to a "hold" rating in a research report on Saturday, June 13th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $20.00.

Lands' End Stock Up 1.8%

Shares of Lands' End stock opened at $12.18 on Thursday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.58 and a quick ratio of 0.37. The firm has a market cap of $374.41 million, a price-to-earnings ratio of 1.11 and a beta of 2.31. Lands' End, Inc. has a 52-week low of $9.56 and a 52-week high of $20.04. The stock has a 50-day simple moving average of $11.96 and a 200-day simple moving average of $12.79.

Lands' End (NASDAQ:LE - Get Free Report) last announced its quarterly 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. Lands' End had a net margin of 26.24% and a return on equity of 8.22%. The company had revenue of $238.92 million for the quarter, compared to analyst estimates of $268.68 million. During the same quarter in the prior year, the business posted ($0.27) EPS. 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. On average, equities research analysts expect 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.

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