Nuveen LLC Buys Shares of 61,156 Lands' End, Inc. $LE

Key Points

• Nuveen LLC has acquired 61,156 shares of Lands' End, Inc. for approximately $623,000, representing about 0.20% of the company's stock as of the latest SEC filing.
• Other institutional investors, including Invesco Ltd. and Towerview LLC, have also increased their holdings in Lands' End during the first quarter of 2023.
• Lands' End recently reported earnings with a loss of ($0.18) per share, slightly beating analysts' expectations, while its revenue fell short of estimates at $261.21 million.

Nuveen LLC acquired a new stake in Lands' End, Inc. (NASDAQ:LE - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 61,156 shares of the company's stock, valued at approximately $623,000. Nuveen LLC owned about 0.20% of Lands' End at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Towerview LLC increased its holdings in shares of Lands' End by 28.2% in the 1st quarter. Towerview LLC now owns 420,000 shares of the company's stock worth $4,276,000 after buying an additional 92,500 shares during the last quarter. Northern Trust Corp increased its stake 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 worth $2,230,000 after acquiring an additional 11,506 shares during the period. Squarepoint Ops LLC grew its holdings in shares of Lands' End by 150.1% during 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. Bridgeway Capital Management LLC lifted its position in shares of Lands' End by 3.5% during the fourth quarter. Bridgeway Capital Management LLC now owns 92,714 shares of the company's stock worth $1,218,000 after purchasing an additional 3,152 shares in the last quarter. Finally, Millennium Management LLC boosted its holdings in shares of Lands' End by 10.1% during the fourth quarter. Millennium Management LLC now owns 67,658 shares of the company's stock valued at $889,000 after acquiring an additional 6,192 shares during the period. 37.46% of the stock is currently owned by hedge funds and other institutional investors.

Lands' End Stock Up 0.2%

Shares of LE traded up $0.04 during midday trading on Monday, hitting $14.44. 197,813 shares of the company's stock traded hands, compared to its average volume of 274,663. Lands' End, Inc. has a 1 year low of $7.65 and a 1 year high of $19.88. The company has a current ratio of 1.86, a quick ratio of 0.52 and a debt-to-equity ratio of 1.14. The stock has a market capitalization of $439.83 million, a price-to-earnings ratio of 110.97 and a beta of 2.34. The firm's fifty day moving average is $12.67 and its 200-day moving average is $10.69.

Lands' End (NASDAQ:LE - Get Free Report) last posted its quarterly earnings results on Thursday, June 5th. The company reported ($0.18) EPS for the quarter, topping the consensus estimate 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 net margin of 0.33% and a return on equity of 5.80%. As a group, sell-side analysts anticipate that Lands' End, Inc. will post 0.41 earnings per share for the current year.

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.

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.