Lands' End (NASDAQ:LE) Stock Passes Above 50-Day Moving Average - Should You Sell?

Key Points

• Lands' End's stock price has risen above its 50-day moving average of $10.52, reaching a trading high of $11.60.
• On June 6th, Wall Street Zen downgraded Lands' End from a "buy" to a "hold" rating, signaling caution for investors.
• The company's recent earnings report showed a loss of ($0.18) per share, slightly better than expectations, but revenue fell short of estimates at $261.21 million.

Lands' End, Inc. (NASDAQ:LE - Get Free Report)'s share price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $10.52 and traded as high as $11.60. Lands' End shares last traded at $11.53, with a volume of 298,546 shares trading hands.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded Lands' End from a "buy" rating to a "hold" rating in a 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's 50-day simple moving average is $10.52 and its two-hundred day simple moving average is $10.52. The firm has a market cap of $351.32 million, a price-to-earnings ratio of 88.70 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 for the quarter, topping analysts' consensus estimates of ($0.19) by $0.01. Lands' End had a return on equity of 5.80% and a net margin of 0.33%. The firm had revenue of $261.21 million during the quarter, compared to the consensus estimate of $272.60 million. As a group, research analysts expect that Lands' End, Inc. will post 0.41 EPS for the current fiscal year.

Hedge Funds Weigh In On Lands' End

Institutional investors have recently modified their holdings of the company. SG Americas Securities LLC acquired a new position in Lands' End during the 1st quarter valued at about $582,000. American Century Companies Inc. boosted its position in shares of Lands' End by 14.5% during the fourth quarter. American Century Companies Inc. now owns 372,936 shares of the company's stock valued at $4,900,000 after buying an additional 47,306 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Lands' End by 62.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 246,636 shares of the company's stock worth $3,241,000 after buying an additional 95,073 shares in the last quarter. Bank of America Corp DE raised its position in Lands' End by 320.8% in the 4th quarter. Bank of America Corp DE now owns 51,811 shares of the company's stock valued at $681,000 after buying an additional 39,499 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in Lands' End during the 4th quarter valued at $1,357,000. 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.

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