Lands’ End, Inc. (NASDAQ:LE) Short Interest Update

Lands’ End, Inc. (NASDAQ:LE) saw a large drop in short interest in March. As of March 15th, there was short interest totalling 644,200 shares, a drop of 15.4% from the February 28th total of 761,400 shares. Based on an average daily volume of 124,000 shares, the short-interest ratio is currently 5.2 days. Currently, 5.5% of the shares of the stock are sold short.

Hedge Funds Weigh In On Lands’ End

Hedge funds have recently modified their holdings of the stock. Barclays PLC boosted its holdings in Lands’ End by 82.3% in the third quarter. Barclays PLC now owns 29,940 shares of the company’s stock worth $517,000 after purchasing an additional 13,520 shares in the last quarter. State Street Corp lifted its position in shares of Lands’ End by 0.9% in the third quarter. State Street Corp now owns 294,053 shares of the company’s stock worth $5,078,000 after buying an additional 2,556 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Lands’ End by 48.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 211,916 shares of the company’s stock valued at $3,660,000 after acquiring an additional 69,099 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Lands’ End by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 314,514 shares of the company’s stock valued at $5,432,000 after acquiring an additional 1,729 shares in the last quarter. Finally, Empowered Funds LLC lifted its holdings in Lands’ End by 5.1% in the 4th quarter. Empowered Funds LLC now owns 64,714 shares of the company’s stock worth $850,000 after purchasing an additional 3,152 shares during the last quarter. 37.46% of the stock is owned by institutional investors and hedge funds.

Lands’ End Stock Up 2.0 %

Shares of LE traded up $0.21 during mid-day trading on Wednesday, reaching $10.68. The company’s stock had a trading volume of 59,486 shares, compared to its average volume of 127,406. The company has a market cap of $330.33 million, a price-to-earnings ratio of -16.18 and a beta of 2.80. The business has a fifty day moving average of $11.59 and a 200 day moving average of $14.02. The company has a quick ratio of 0.45, a current ratio of 1.74 and a debt-to-equity ratio of 1.29. Lands’ End has a 1 year low of $9.91 and a 1 year high of $19.88.

Lands’ End (NASDAQ:LE) last announced its quarterly earnings data on Thursday, March 20th. The company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.01). The business had revenue of $441.66 million for the quarter, compared to analyst estimates of $458.69 million. Lands’ End had a positive return on equity of 1.24% and a negative net margin of 1.46%. During the same quarter in the previous year, the business posted $0.25 earnings per share. As a group, analysts forecast that Lands’ End will post 0.41 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com downgraded Lands’ End from a “strong-buy” rating to a “buy” rating in a report on Monday, February 17th.

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.