Lands’ End, Inc. (NASDAQ:LE) Short Interest Up 6.8% in October

Lands’ End, Inc. (NASDAQ:LE) saw a significant growth in short interest in October. As of October 15th, there was short interest totalling 1,100,000 shares, a growth of 6.8% from the September 30th total of 1,030,000 shares. Based on an average daily volume of 111,100 shares, the days-to-cover ratio is currently 9.9 days. Currently, 9.5% of the shares of the stock are sold short.

Institutional Investors Weigh In On Lands’ End

Hedge funds have recently made changes to their positions in the business. Gladius Capital Management LP bought a new position in shares of Lands’ End during the 2nd quarter valued at $31,000. BNP Paribas Financial Markets grew its stake in shares of Lands’ End by 65.0% during the first quarter. BNP Paribas Financial Markets now owns 6,999 shares of the company’s stock valued at $76,000 after buying an additional 2,757 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Lands’ End during the third quarter valued at about $101,000. O Shaughnessy Asset Management LLC increased its holdings in shares of Lands’ End by 41.6% in the first quarter. O Shaughnessy Asset Management LLC now owns 14,962 shares of the company’s stock worth $163,000 after buying an additional 4,392 shares during the period. Finally, XTX Topco Ltd bought a new stake in shares of Lands’ End in the 2nd quarter valued at about $343,000. 37.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Lands’ End from a “hold” rating to a “buy” rating in a research note on Friday, September 6th.

Lands’ End Stock Down 0.2 %

Shares of NASDAQ:LE opened at $16.37 on Thursday. The firm has a market capitalization of $514.12 million, a PE ratio of -3.86 and a beta of 2.77. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.41 and a current ratio of 1.64. Lands’ End has a 52-week low of $6.07 and a 52-week high of $19.88. The firm has a fifty day moving average of $16.13 and a 200 day moving average of $15.06.

Lands’ End (NASDAQ:LE) last announced its quarterly earnings data on Thursday, September 5th. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.08. The firm had revenue of $317.17 million for the quarter, compared to analyst estimates of $306.00 million. Lands’ End had a negative return on equity of 1.03% and a negative net margin of 9.20%. As a group, research analysts anticipate that Lands’ End will post 0.37 EPS for the current fiscal year.

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.