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

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

Lands' End Stock Up 13.1%

LE stock traded up $1.05 during mid-day trading on Friday, reaching $9.04. The company had a trading volume of 807,815 shares, compared to its average volume of 154,956. 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 50 day simple moving average of $8.81 and a two-hundred day simple moving average of $11.35. The company has a market capitalization of $279.16 million, a price-to-earnings ratio of -13.70 and a beta of 2.45. Lands' End has a 52 week low of $7.65 and a 52 week high of $19.88.

Lands' End (NASDAQ:LE - Get Free Report) last announced its quarterly earnings data on Thursday, June 5th. The company reported ($0.18) EPS for the quarter, beating analysts' consensus estimates of ($0.19) by $0.01. Lands' End had a negative net margin of 1.46% and a positive return on equity of 1.24%. The company had revenue of $261.21 million during the quarter, compared to the consensus estimate of $272.60 million. As a group, equities analysts predict that Lands' End will post 0.41 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC boosted its stake in shares of Lands' End by 9,138.5% during the 1st quarter. GAMMA Investing LLC now owns 2,402 shares of the company's stock worth $236,000 after acquiring an additional 2,376 shares during the period. Harbor Capital Advisors Inc. bought a new stake in shares of Lands' End during the 1st quarter worth about $27,000. Quarry LP bought a new stake in shares of Lands' End during the 4th quarter worth about $41,000. SVB Wealth LLC bought a new stake in shares of Lands' End during the 1st quarter worth about $51,000. Finally, AlphaQuest LLC bought a new stake in shares of Lands' End during the 4th quarter worth about $101,000. 37.46% of the stock is currently owned by institutional investors.

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.