Lands’ End, Inc. (NASDAQ:LE) Sees Significant Drop in Short Interest

Lands’ End, Inc. (NASDAQ:LE) saw a significant drop in short interest in the month of 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 presently 5.2 days. Currently, 5.5% of the shares of the company are short sold.

Institutional Trading of Lands’ End

Several large investors have recently bought and sold shares of the business. Quarry LP bought a new position in shares of Lands’ End in the fourth quarter worth about $41,000. AlphaQuest LLC acquired a new stake in Lands’ End in the fourth quarter valued at approximately $101,000. Wells Fargo & Company MN grew its stake in shares of Lands’ End by 18.4% during the fourth quarter. Wells Fargo & Company MN now owns 10,033 shares of the company’s stock worth $132,000 after buying an additional 1,559 shares during the last quarter. Inceptionr LLC bought a new position in shares of Lands’ End in the 4th quarter valued at $150,000. Finally, PharVision Advisers LLC acquired a new stake in shares of Lands’ End during the 4th quarter valued at $152,000. 37.46% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Lands’ End Price Performance

LE stock traded down $0.91 during midday trading on Thursday, reaching $9.77. The company had a trading volume of 50,536 shares, compared to its average volume of 127,060. The company has a market capitalization of $301.71 million, a price-to-earnings ratio of -14.80 and a beta of 2.64. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.74 and a quick ratio of 0.45. Lands’ End has a 1-year low of $9.53 and a 1-year high of $19.88. The stock has a 50 day moving average price of $11.54 and a 200-day moving average price of $13.99.

Lands’ End (NASDAQ:LE) last issued its quarterly earnings results on Thursday, March 20th. The company reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.01). The firm had revenue of $441.66 million for the quarter, compared to the consensus estimate 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 period last year, the company posted $0.25 EPS. Equities research analysts expect that Lands’ End will post 0.41 earnings per share for the current year.

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.