Lands' End (NASDAQ:LE) Downgraded to Hold Rating by Wall Street Zen

Wall Street Zen cut shares of Lands' End (NASDAQ:LE - Free Report) from a buy rating to a hold rating in a research note published on Friday.

Lands' End Stock Down 10.6%

Shares of LE traded down $0.95 during mid-day trading on Friday, reaching $7.99. The company had a trading volume of 540,394 shares, compared to its average volume of 152,197. 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 firm has a 50-day moving average price of $8.81 and a 200 day moving average price of $11.40. Lands' End has a 52 week low of $7.65 and a 52 week high of $19.88. The company has a market capitalization of $246.74 million, a price-to-earnings ratio of -12.11 and a beta of 2.45.

Lands' End (NASDAQ:LE - Get Free Report) last issued its quarterly earnings results on Thursday, June 5th. The company reported ($0.18) EPS for the quarter, topping analysts' consensus estimates of ($0.19) 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 $261.21 million for the quarter, compared to analysts' expectations of $272.60 million. On average, sell-side analysts forecast that Lands' End will post 0.41 EPS for the current year.

Hedge Funds Weigh In On Lands' End

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Strs Ohio purchased a new stake in Lands' End during the 1st quarter valued at $403,000. Jane Street Group LLC raised its stake in Lands' End by 45.7% during the 1st quarter. Jane Street Group LLC now owns 26,229 shares of the company's stock valued at $267,000 after buying an additional 8,231 shares during the last quarter. Empowered Funds LLC raised its stake in Lands' End by 8.6% during the 1st quarter. Empowered Funds LLC now owns 70,257 shares of the company's stock valued at $715,000 after buying an additional 5,543 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new stake in Lands' End during the 1st quarter valued at $104,000. Finally, State of Wyoming raised its stake in Lands' End by 60.8% during the 1st quarter. State of Wyoming now owns 31,914 shares of the company's stock valued at $325,000 after buying an additional 12,067 shares during the last quarter. 37.46% of the stock is owned by institutional investors.

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.