Bank of America Corp DE lifted its stake in Lands' End, Inc. (NASDAQ:LE - Free Report) by 320.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 51,811 shares of the company's stock after purchasing an additional 39,499 shares during the quarter. Bank of America Corp DE owned about 0.17% of Lands' End worth $681,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of LE. Quarry LP purchased a new position in shares of Lands' End during the 4th quarter valued at about $41,000. AlphaQuest LLC purchased a new stake in Lands' End in the 4th quarter worth approximately $101,000. Wells Fargo & Company MN lifted its stake in shares of Lands' End by 18.4% in the 4th quarter. Wells Fargo & Company MN now owns 10,033 shares of the company's stock valued at $132,000 after purchasing an additional 1,559 shares during the period. Inceptionr LLC acquired a new position in shares of Lands' End in the fourth quarter worth about $150,000. Finally, Magnetar Financial LLC acquired a new position in Lands' End in the 4th quarter worth about $195,000. 37.46% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen cut Lands' End from a "buy" rating to a "hold" rating in a report on Friday, June 6th.
Check Out Our Latest Stock Analysis on LE
Lands' End Trading Down 6.3%
Shares of NASDAQ LE traded down $0.60 during mid-day trading on Friday, reaching $8.86. 753,048 shares of the company's stock were exchanged, compared to its average volume of 211,352. The company's 50-day moving average is $8.77 and its 200-day moving average is $11.23. The firm has a market capitalization of $269.99 million, a price-to-earnings ratio of -13.42 and a beta of 2.45. Lands' End, Inc. has a 52-week low of $7.65 and a 52-week high of $19.88. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.45 and a current ratio of 1.74.
Lands' End (NASDAQ:LE - Get Free Report) last announced its earnings results on Thursday, June 5th. The company reported ($0.18) earnings per share for the quarter, topping the consensus estimate of ($0.19) by $0.01. Lands' End had a negative net margin of 1.46% and a positive return on equity of 1.24%. The firm had revenue of $261.21 million for the quarter, compared to the consensus estimate of $272.60 million. Analysts expect that Lands' End, Inc. will post 0.41 EPS for the current fiscal year.
Lands' End Company Profile
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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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