Towerview LLC Acquires 92,500 Shares of Lands' End, Inc. (NASDAQ:LE)

Key Points

• Towerview LLC increased its stake in Lands' End, Inc. by 28.2% in Q1, acquiring an additional 92,500 shares for a total of 420,000 shares.
• Multiple institutional investors, including Bank of America Corp DE, have significantly modified their holdings in Lands' End, with Bank of America increasing its stake by 320.8% in the last quarter.
• Lands' End recently reported quarterly earnings that beat estimates, posting ($0.18) earnings per share against a consensus estimate of ($0.19).

Towerview LLC boosted its stake in Lands' End, Inc. (NASDAQ:LE - Free Report) by 28.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 420,000 shares of the company's stock after buying an additional 92,500 shares during the quarter. Lands' End makes up 3.1% of Towerview LLC's investment portfolio, making the stock its 6th largest holding. Towerview LLC owned 1.36% of Lands' End worth $4,276,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. American Century Companies Inc. raised its stake in Lands' End by 14.5% in the 4th quarter. American Century Companies Inc. now owns 372,936 shares of the company's stock valued at $4,900,000 after acquiring an additional 47,306 shares during the period. Gamco Investors INC. ET AL increased its position in shares of Lands' End by 3.4% during the fourth quarter. Gamco Investors INC. ET AL now owns 300,000 shares of the company's stock valued at $3,942,000 after buying an additional 10,000 shares during the period. JPMorgan Chase & Co. increased its position in shares of Lands' End by 21.8% during the fourth quarter. JPMorgan Chase & Co. now owns 258,010 shares of the company's stock valued at $3,390,000 after buying an additional 46,094 shares during the period. Arrowstreet Capital Limited Partnership increased its position in shares of Lands' End by 62.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 246,636 shares of the company's stock valued at $3,241,000 after buying an additional 95,073 shares during the period. Finally, Northern Trust Corp increased its position in shares of Lands' End by 7.3% during the fourth quarter. Northern Trust Corp now owns 169,703 shares of the company's stock valued at $2,230,000 after buying an additional 11,506 shares during the period. 37.46% of the stock is owned by hedge funds and other institutional investors.

Lands' End Trading Up 0.2%

LE stock traded up $0.03 on Monday, reaching $12.92. The company's stock had a trading volume of 36,048 shares, compared to its average volume of 259,874. The business has a fifty day simple moving average of $10.21 and a two-hundred day simple moving average of $10.52. Lands' End, Inc. has a 12-month low of $7.65 and a 12-month high of $19.88. The firm has a market cap of $393.56 million, a PE ratio of 99.32 and a beta of 2.48. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.52 and a current ratio of 1.86.

Lands' End (NASDAQ:LE - Get Free Report) last posted its quarterly earnings data on Thursday, June 5th. The company reported ($0.18) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.19) by $0.01. The business had revenue of $261.21 million during the quarter, compared to the consensus estimate of $272.60 million. Lands' End had a return on equity of 5.80% and a net margin of 0.33%. As a group, research analysts forecast that Lands' End, Inc. will post 0.41 EPS for the current year.

Analysts Set New Price Targets

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

About Lands' End

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.