Lands' End (NASDAQ:LE) Shares Pass Above Fifty Day Moving Average - Time to Sell?

Key Points

• Lands' End shares crossed above the fifty-day moving average of $11.04, reaching a high of $13.23 during trading, and are currently valued at $12.95.
• Wall Street Zen downgraded Lands' End from a buy rating to a hold rating, reflecting a cautious outlook following their recent earnings report.
• The company reported a net margin of 0.33% and a market capitalization of $394.59 million, indicating a challenging financial environment with a P/E ratio of 99.62.

Shares of Lands' End, Inc. (NASDAQ:LE - Get Free Report) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $11.04 and traded as high as $13.23. Lands' End shares last traded at $12.95, with a volume of 330,577 shares traded.

Analyst Ratings Changes

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 Price Performance

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 business has a 50-day moving average price of $11.41 and a 200 day moving average price of $10.51. The stock has a market cap of $394.32 million, a PE ratio of 99.55 and a beta of 2.51.

Lands' End (NASDAQ:LE - Get Free Report) last issued its quarterly earnings results on Thursday, June 5th. The company reported ($0.18) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.19) by $0.01. The firm had revenue of $261.21 million during the quarter, compared to the consensus estimate of $272.60 million. Lands' End had a return on equity of 5.80% and a net margin of 0.33%. As a group, research analysts forecast that Lands' End, Inc. will post 0.41 earnings per share for the current fiscal year.

Institutional Trading of Lands' End

A number of hedge funds have recently bought and sold shares of LE. Raymond James Financial Inc. bought a new stake in Lands' End in the 4th quarter worth approximately $1,357,000. Towerview LLC lifted its position in Lands' End by 28.2% in the 1st quarter. Towerview LLC now owns 420,000 shares of the company's stock worth $4,276,000 after buying an additional 92,500 shares during the last quarter. Qube Research & Technologies Ltd increased its stake in Lands' End by 76.9% in 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. Squarepoint Ops LLC increased its stake in Lands' End by 150.1% in the 4th quarter. Squarepoint Ops LLC now owns 103,305 shares of the company's stock worth $1,357,000 after purchasing an additional 61,993 shares during the period. Finally, Nuveen LLC purchased a new position in Lands' End in the 1st quarter worth approximately $623,000. 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.