Lands' End, Inc. (NASDAQ:LE) Short Interest Up 45.8% in April

Lands' End, Inc. (NASDAQ:LE - Get Free Report) was the recipient of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 672,700 shares, a growth of 45.8% from the March 31st total of 461,500 shares. Based on an average daily trading volume, of 136,000 shares, the days-to-cover ratio is currently 4.9 days. Approximately 5.7% of the company's stock are short sold.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Lands' End from a "strong-buy" rating to a "buy" rating in a research report on Monday, February 17th.

Lands' End Stock Down 0.6 %

Shares of LE stock traded down $0.05 on Wednesday, hitting $7.82. The stock had a trading volume of 40,077 shares, compared to its average volume of 126,501. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.74 and a quick ratio of 0.45. The stock has a market cap of $241.34 million, a price-to-earnings ratio of -11.84 and a beta of 2.43. Lands' End has a 12-month low of $7.81 and a 12-month high of $19.88. The business has a 50 day moving average of $9.83 and a 200 day moving average of $12.56.

Lands' End (NASDAQ:LE - Get Free Report) last announced its quarterly earnings data on Thursday, March 20th. The company reported $0.57 earnings per share for the quarter, missing analysts' consensus estimates of $0.58 by ($0.01). Lands' End had a positive return on equity of 1.24% and a negative net margin of 1.46%. The firm had revenue of $441.66 million during the quarter, compared to analysts' expectations of $458.69 million. During the same quarter in the previous year, the firm earned $0.25 earnings per share. As a group, analysts expect that Lands' End will post 0.41 EPS for the current year.

Hedge Funds Weigh In On Lands' End

A number of hedge funds have recently bought and sold shares of the business. Towerview LLC raised its stake in Lands' End by 28.2% during the 1st quarter. Towerview LLC now owns 420,000 shares of the company's stock valued at $4,276,000 after buying an additional 92,500 shares during the last quarter. Bailard Inc. raised its position in shares of Lands' End by 32.8% during the 1st quarter. Bailard Inc. now owns 22,100 shares of the company's stock valued at $225,000 after purchasing an additional 5,460 shares during the period. SG Americas Securities LLC purchased a new position in shares of Lands' End in the first quarter valued at about $582,000. Harbor Capital Advisors Inc. purchased a new stake in Lands' End during the 1st quarter valued at approximately $27,000. Finally, GAMMA Investing LLC grew its stake 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 in the last quarter. Hedge funds and other institutional investors own 37.46% of the company's stock.

Lands' End Company 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.