Cornercap Investment Counsel Inc. Invests $540,000 in Lands’ End, Inc. (NASDAQ:LE)

Cornercap Investment Counsel Inc. purchased a new stake in shares of Lands’ End, Inc. (NASDAQ:LE) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 39,732 shares of the company’s stock, valued at approximately $540,000. Cornercap Investment Counsel Inc. owned about 0.13% of Lands’ End at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of LE. American Century Companies Inc. increased its position in Lands’ End by 111.2% in the second quarter. American Century Companies Inc. now owns 205,087 shares of the company’s stock worth $2,787,000 after purchasing an additional 107,966 shares during the period. ClariVest Asset Management LLC bought a new position in shares of Lands’ End in the 2nd quarter valued at about $1,424,000. Acadian Asset Management LLC acquired a new stake in shares of Lands’ End during the 2nd quarter worth approximately $2,012,000. Bank of New York Mellon Corp raised its stake in shares of Lands’ End by 8.9% during the second quarter. Bank of New York Mellon Corp now owns 53,245 shares of the company’s stock worth $724,000 after buying an additional 4,334 shares during the last quarter. Finally, Gladius Capital Management LP acquired a new position in Lands’ End in the second quarter valued at approximately $31,000. Institutional investors and hedge funds own 37.46% of the company’s stock.

Lands’ End Stock Up 6.4 %

Lands’ End stock opened at $15.02 on Friday. The company has a current ratio of 1.64, a quick ratio of 0.41 and a debt-to-equity ratio of 1.10. Lands’ End, Inc. has a 1-year low of $5.98 and a 1-year high of $18.27. The company has a fifty day simple moving average of $15.54 and a 200 day simple moving average of $13.47. The company has a market cap of $468.47 million, a P/E ratio of -3.54 and a beta of 2.78.

Analyst Ratings Changes

Separately, StockNews.com upgraded Lands’ End from a “hold” rating to a “buy” rating in a report on Friday, September 6th.

Lands’ End Profile

Lands' End, Inc operates as a digital retailer of casual clothing, swimwear, outerwear, accessories, footwear, and home products 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.