Lands' End (NASDAQ:LE) Stock Price Crosses Below Two Hundred Day Moving Average - What's Next?

Key Points

• Lands' End stock fell below its 200-day moving average, trading as low as $11.21 versus a 200-day average of $14.94, though it last changed hands at $11.56.
• The company recently reported mixed quarterly results, with EPS of $0.76 missing estimates by a penny and revenue of $462.37 million coming in below expectations.
• Management approved a $100 million share buyback plan, which could signal confidence that the stock is undervalued; institutional ownership stands at 37.46%.

Lands' End, Inc. (NASDAQ:LE - Get Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $14.94 and traded as low as $11.21. Lands' End shares last traded at $11.56, with a volume of 216,071 shares.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of Lands' End from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 21st. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of "Hold".

Lands' End Trading Up 2.9%

The company has a debt-to-equity ratio of 0.88, a current ratio of 1.61 and a quick ratio of 0.41. The firm has a fifty day simple moving average of $12.96 and a 200-day simple moving average of $14.94. The firm has a market cap of $355.47 million, a P/E ratio of 64.23 and a beta of 2.37.

Lands' End (NASDAQ:LE - Get Free Report) last released its quarterly earnings data on Thursday, March 19th. The company reported $0.76 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.01). Lands' End had a net margin of 0.41% and a return on equity of 9.80%. The firm had revenue of $462.37 million for the quarter, compared to the consensus estimate of $471.01 million. On average, equities research analysts expect that Lands' End, Inc. will post 0.97 earnings per share for the current year.

Lands' End announced that its Board of Directors has approved a share buyback plan on Wednesday, April 1st that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to reacquire up to 28.9% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its stock is undervalued.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. BNP Paribas Financial Markets grew its holdings in shares of Lands' End by 83.0% during the third quarter. BNP Paribas Financial Markets now owns 2,384 shares of the company's stock valued at $34,000 after buying an additional 1,081 shares during the last quarter. Quarry LP bought a new position in Lands' End in the 3rd quarter valued at about $36,000. Integrated Wealth Concepts LLC bought a new position in Lands' End in the 1st quarter valued at about $104,000. Los Angeles Capital Management LLC acquired a new position in Lands' End during the 4th quarter valued at about $137,000. Finally, Wells Fargo & Company MN boosted its stake in Lands' End by 14.5% during the 4th quarter. Wells Fargo & Company MN now owns 10,355 shares of the company's stock valued at $150,000 after purchasing an additional 1,309 shares during the last quarter. 37.46% of the stock is owned by institutional investors.

Lands' End Company Profile

Lands' End, Inc NASDAQ: LE is an American retailer specializing in casual apparel, accessories and home goods. Headquartered in Dodgeville, Wisconsin, the company sells its products through a combination of direct-to-consumer channels including e-commerce, catalogues and a network of outlet stores. Lands' End is known for its nautical-inspired designs, functional outerwear and commitment to quality fabrics.

Founded in 1963 by Gary Comer as a mail-order sailing supply business, Lands' End rapidly expanded its product offering beyond marine gear.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.