Bank of America Corp DE lifted its stake in shares of Lands' End, Inc. (NASDAQ:LE - Free Report) by 320.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 51,811 shares of the company's stock after buying an additional 39,499 shares during the quarter. Bank of America Corp DE owned about 0.17% of Lands' End worth $681,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of LE. Jane Street Group LLC increased its holdings in shares of Lands' End by 17.4% in the 4th quarter. Jane Street Group LLC now owns 17,998 shares of the company's stock valued at $236,000 after acquiring an additional 2,666 shares during the period. Northern Trust Corp increased its holdings in shares of Lands' End by 7.3% in the 4th quarter. Northern Trust Corp now owns 169,703 shares of the company's stock valued at $2,230,000 after acquiring an additional 11,506 shares during the period. Tudor Investment Corp ET AL acquired a new position in shares of Lands' End in the 4th quarter valued at $398,000. Quarry LP acquired a new position in shares of Lands' End in the 4th quarter valued at $41,000. Finally, Hsbc Holdings PLC increased its holdings in shares of Lands' End by 4.7% in the 4th quarter. Hsbc Holdings PLC now owns 26,676 shares of the company's stock valued at $353,000 after acquiring an additional 1,191 shares during the period. Hedge funds and other institutional investors own 37.46% of the company's stock.
Lands' End Stock Performance
LE traded up $0.43 during trading on Thursday, hitting $9.46. The stock had a trading volume of 493,571 shares, compared to its average volume of 159,710. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.45 and a current ratio of 1.74. The firm has a market capitalization of $288.27 million, a P/E ratio of -14.33 and a beta of 2.45. The company's 50-day moving average price is $8.76 and its 200 day moving average price is $11.28. Lands' End, Inc. has a twelve month low of $7.65 and a twelve month high of $19.88.
Lands' End (NASDAQ:LE - Get Free Report) last announced its quarterly earnings data on Thursday, June 5th. The company reported ($0.18) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.19) by $0.01. The company had revenue of $261.21 million for the quarter, compared to analysts' expectations of $272.60 million. Lands' End had a negative net margin of 1.46% and a positive return on equity of 1.24%. On average, equities research analysts forecast that Lands' End, Inc. will post 0.41 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Separately, Wall Street Zen cut shares of Lands' End from a "buy" rating to a "hold" rating in a report on Friday, June 6th.
Check Out Our Latest Stock Report on Lands' End
About Lands' End
(
Free Report)
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.
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