Lands' End (NASDAQ:LE) Posts Quarterly Earnings Results, Misses Estimates By $0.03 EPS

Key Points

• Lands' End reported quarterly earnings of ($0.06) per share, missing the consensus estimate by $0.03.
• The company's stock price fell 1.9% to $14.19 following the earnings announcement.
• Analysts at Wall Street Zen have downgraded Lands' End from a "buy" to a "hold" rating.

Lands' End (NASDAQ:LE - Get Free Report) announced its earnings results on Tuesday. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.03), Zacks reports. Lands' End had a return on equity of 5.80% and a net margin of 0.33%.

Lands' End Trading Down 1.9%

NASDAQ:LE traded down $0.28 during trading hours on Tuesday, hitting $14.19. The company had a trading volume of 434,597 shares, compared to its average volume of 276,664. 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 company has a 50-day moving average of $12.74 and a 200 day moving average of $10.71. The company has a market cap of $432.37 million, a P/E ratio of 109.16 and a beta of 2.34. Lands' End has a 1 year low of $7.65 and a 1 year high of $19.88.

Institutional Trading of Lands' End

Several large investors have recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership grew its holdings in Lands' End by 7.9% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 275,447 shares of the company's stock valued at $2,950,000 after buying an additional 20,150 shares in the last quarter. Qube Research & Technologies Ltd grew its holdings in shares of Lands' End by 76.9% during the 2nd quarter. Qube Research & Technologies Ltd now owns 161,395 shares of the company's stock worth $1,729,000 after purchasing an additional 70,150 shares during the period. Raymond James Financial Inc. grew its holdings in shares of Lands' End by 15.5% during the 2nd quarter. Raymond James Financial Inc. now owns 119,922 shares of the company's stock worth $1,284,000 after purchasing an additional 16,052 shares during the period. Bridgeway Capital Management LLC grew its holdings in shares of Lands' End by 20.8% during the 2nd quarter. Bridgeway Capital Management LLC now owns 118,651 shares of the company's stock worth $1,271,000 after purchasing an additional 20,394 shares during the period. Finally, Federated Hermes Inc. grew its holdings in shares of Lands' End by 72.2% during the 2nd quarter. Federated Hermes Inc. now owns 114,398 shares of the company's stock worth $1,225,000 after purchasing an additional 47,955 shares during the period. 37.46% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Wall Street Zen cut Lands' End from a "buy" rating to a "hold" rating in a research report on Friday, June 6th.

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.

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