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

Lands' End, Inc. (NASDAQ:LE - Get Free Report) was the recipient of a large growth in short interest in 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 volume of 136,000 shares, the days-to-cover ratio is presently 4.9 days. Currently, 5.7% of the shares of the stock are sold short.

Analyst Ratings Changes

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

Lands' End Trading Up 1.4 %

NASDAQ:LE traded up $0.12 during midday trading on Friday, reaching $8.58. 96,695 shares of the stock traded hands, compared to its average volume of 127,286. The stock has a market capitalization of $264.96 million, a P/E ratio of -13.00 and a beta of 2.43. Lands' End has a 12 month low of $8.15 and a 12 month high of $19.88. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.45 and a current ratio of 1.74. The company has a fifty day moving average of $9.98 and a 200 day moving average of $12.66.

Lands' End (NASDAQ:LE - Get Free Report) last released its quarterly earnings results on Thursday, March 20th. The company reported $0.57 EPS for the quarter, missing analysts' consensus estimates of $0.58 by ($0.01). Lands' End had a negative net margin of 1.46% and a positive return on equity of 1.24%. The business had revenue of $441.66 million for the quarter, compared to the consensus estimate of $458.69 million. During the same period in the previous year, the company earned $0.25 EPS. On average, research analysts predict that Lands' End will post 0.41 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Raymond James Financial Inc. bought a new position in Lands' End during the 4th quarter valued at approximately $1,357,000. Arrowstreet Capital Limited Partnership raised its holdings in Lands' End by 62.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 246,636 shares of the company's stock worth $3,241,000 after buying an additional 95,073 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Lands' End by 48.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 211,916 shares of the company's stock worth $3,660,000 after acquiring an additional 69,099 shares during the last quarter. Squarepoint Ops LLC lifted 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 valued at $1,357,000 after purchasing an additional 61,993 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in Lands' End during the 1st quarter valued at about $582,000. 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.