Lands’ End (NASDAQ:LE – Get Free Report) was downgraded by equities researchers at StockNews.com from a “strong-buy” rating to a “buy” rating in a report released on Wednesday.
Lands’ End Price Performance
Lands’ End stock traded up $0.45 during mid-day trading on Wednesday, hitting $13.20. 97,210 shares of the company traded hands, compared to its average volume of 136,768. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.45 and a current ratio of 1.74. Lands’ End has a one year low of $7.64 and a one year high of $19.88. The stock has a market cap of $408.28 million, a price-to-earnings ratio of -20.00 and a beta of 2.75. The stock has a fifty day moving average price of $14.50 and a 200-day moving average price of $15.40.
Hedge Funds Weigh In On Lands’ End
A number of hedge funds and other institutional investors have recently modified their holdings of LE. SG Americas Securities LLC purchased a new position in shares of Lands’ End during the 3rd quarter valued at about $101,000. XTX Topco Ltd bought a new position in Lands’ End during the second quarter valued at approximately $343,000. AQR Capital Management LLC purchased a new position in shares of Lands’ End during the second quarter worth approximately $353,000. Simplicity Wealth LLC lifted its holdings in shares of Lands’ End by 2.5% in the 3rd quarter. Simplicity Wealth LLC now owns 28,159 shares of the company’s stock worth $486,000 after acquiring an additional 700 shares during the last quarter. Finally, Barclays PLC boosted its stake in shares of Lands’ End by 82.3% in the 3rd quarter. Barclays PLC now owns 29,940 shares of the company’s stock valued at $517,000 after purchasing an additional 13,520 shares in the last quarter. 37.46% of the stock is currently owned by hedge funds and other institutional investors.
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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