Mackenzie Financial Corp Buys New Position in Lands' End, Inc. (NASDAQ:LE)

Mackenzie Financial Corp purchased a new position in Lands' End, Inc. (NASDAQ:LE - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 33,221 shares of the company's stock, valued at approximately $437,000. Mackenzie Financial Corp owned approximately 0.11% of Lands' End at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. PharVision Advisers LLC bought a new position in Lands' End in the fourth quarter worth about $152,000. Squarepoint Ops LLC raised its stake in Lands' End by 150.1% in the fourth quarter. Squarepoint Ops LLC now owns 103,305 shares of the company's stock worth $1,357,000 after buying an additional 61,993 shares in the last quarter. State of Wyoming raised its stake in Lands' End by 22.9% in the fourth quarter. State of Wyoming now owns 19,847 shares of the company's stock worth $261,000 after buying an additional 3,700 shares in the last quarter. Millennium Management LLC raised its stake in Lands' End by 10.1% in the fourth quarter. Millennium Management LLC now owns 67,658 shares of the company's stock worth $889,000 after buying an additional 6,192 shares in the last quarter. Finally, Bridgeway Capital Management LLC raised its stake in Lands' End by 3.5% in the fourth quarter. Bridgeway Capital Management LLC now owns 92,714 shares of the company's stock worth $1,218,000 after buying an additional 3,152 shares in the last quarter. 37.46% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded shares of Lands' End from a "buy" rating to a "hold" rating in a research note on Friday.

Lands' End Stock Down 10.6%

Shares of NASDAQ LE traded down $0.95 on Friday, reaching $7.99. 540,394 shares of the company's stock traded hands, compared to its average volume of 152,334. Lands' End, Inc. has a 12 month low of $7.65 and a 12 month high of $19.88. The business's 50 day simple moving average is $8.81 and its two-hundred day simple moving average is $11.40. The company has a market cap of $246.74 million, a price-to-earnings ratio of -12.11 and a beta of 2.45. The company has a quick ratio of 0.45, a current ratio of 1.74 and a debt-to-equity ratio of 1.29.

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, beating 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 negative net margin of 1.46% and a positive return on equity of 1.24%. As a group, equities research analysts forecast that Lands' End, Inc. will post 0.41 EPS for the current fiscal year.

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.