Lands' End (NASDAQ:LE) Stock Crosses Above 50 Day Moving Average - Here's Why

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.

Lands' End, Inc. (NASDAQ:LE - Get Free Report) passed above its fifty day moving average during trading on Monday . The stock has a fifty 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 trading hands.

Wall Street Analysts Forecast Growth

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

Lands' End Stock Up 1.5%

The company has a quick ratio of 0.52, a current ratio of 1.86 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $394.28 million, a price-to-earnings ratio of 99.55 and a beta of 2.51. The firm has a 50 day moving average of $11.31 and a two-hundred day moving average of $10.51.

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

Hedge Funds Weigh In On Lands' End

A number of large investors have recently made changes to their positions in the business. Bridgeway Capital Management LLC grew its stake in shares of Lands' End by 20.8% in the second quarter. Bridgeway Capital Management LLC now owns 118,651 shares of the company's stock worth $1,271,000 after acquiring an additional 20,394 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of Lands' End by 27.4% during the second quarter. Ameriprise Financial Inc. now owns 36,670 shares of the company's stock worth $393,000 after purchasing an additional 7,895 shares in the last quarter. Raymond James Financial Inc. grew its stake in shares of Lands' End by 15.5% during the second 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 in the last quarter. Qube Research & Technologies Ltd lifted its position in Lands' End by 76.9% in the second quarter. Qube Research & Technologies Ltd now owns 161,395 shares of the company's stock valued at $1,729,000 after acquiring an additional 70,150 shares during the last quarter. Finally, Federated Hermes Inc. lifted its position in Lands' End by 72.2% in the second quarter. Federated Hermes Inc. now owns 114,398 shares of the company's stock valued at $1,225,000 after acquiring an additional 47,955 shares during the last quarter. 37.46% of the stock is owned by institutional investors and hedge funds.

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.