Towerview LLC Has $4.28 Million Position in Lands' End, Inc. (NASDAQ:LE)

Towerview LLC increased its stake in Lands' End, Inc. (NASDAQ:LE - Free Report) by 28.2% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 420,000 shares of the company's stock after buying an additional 92,500 shares during the period. Lands' End accounts for about 3.1% of Towerview LLC's holdings, 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 & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in LE. GAMMA Investing LLC raised its holdings in Lands' End by 9,138.5% during the first quarter. GAMMA Investing LLC now owns 2,402 shares of the company's stock valued at $236,000 after acquiring an additional 2,376 shares during the period. Harbor Capital Advisors Inc. bought a new position in shares of Lands' End during the first quarter valued at approximately $27,000. Quarry LP bought a new stake in shares of Lands' End during the 4th quarter worth approximately $41,000. Wells Fargo & Company MN lifted its stake in shares of Lands' End by 18.4% during the 4th quarter. Wells Fargo & Company MN now owns 10,033 shares of the company's stock worth $132,000 after acquiring an additional 1,559 shares during the last quarter. Finally, PharVision Advisers LLC bought a new position in Lands' End in the fourth quarter worth approximately $152,000. Hedge funds and other institutional investors own 37.46% of the company's stock.

Wall Street Analysts Forecast Growth

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

Lands' End Price Performance

NASDAQ:LE traded down $0.04 during trading hours on Friday, reaching $12.89. 207,664 shares of the company traded hands, compared to its average volume of 451,649. The firm's 50-day moving average is $10.21 and its 200-day moving average is $10.55. The stock has a market cap of $392.76 million, a P/E ratio of 99.16 and a beta of 2.48. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.86 and a quick ratio of 0.52. Lands' End, Inc. has a 1-year low of $7.65 and a 1-year high of $19.88.

Lands' End (NASDAQ:LE - Get Free Report) last issued 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. The company 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%. Equities research analysts expect that Lands' End, Inc. will post 0.41 earnings per share for the current fiscal year.

Lands' End Profile

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.