Lands’ End (NASDAQ:LE) Share Price Passes Below Fifty Day Moving Average – Time to Sell?

Lands’ End, Inc. (NASDAQ:LE) crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $11.73 and traded as low as $11.64. Lands’ End shares last traded at $12.06, with a volume of 197,440 shares changing hands.

Analysts Set New Price Targets

Separately, Wall Street Zen cut Lands’ End from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 21st. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Lands’ End Stock Up 3.3%

The company has a debt-to-equity ratio of 0.88, a current ratio of 1.61 and a quick ratio of 0.41. The business’s fifty day simple moving average is $11.73 and its two-hundred day simple moving average is $14.51. The company has a market cap of $370.86 million, a PE ratio of 67.00 and a beta of 2.37.

Lands’ End (NASDAQ:LE) last released its quarterly earnings data on Thursday, March 19th. The company reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.01). Lands’ End had a net margin of 0.41% and a return on equity of 9.80%. The firm had revenue of $462.37 million during the quarter, compared to analysts’ expectations of $471.01 million. On average, analysts predict that Lands’ End, Inc. will post 0.97 earnings per share for the current year.

Lands’ End declared that its board has authorized a share repurchase plan on Wednesday, April 1st that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to buy up to 28.9% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SummerHaven Investment Management LLC purchased a new position in Lands’ End in the third quarter valued at $1,053,000. Bank of America Corp DE increased its holdings in Lands’ End by 29.9% in the first quarter. Bank of America Corp DE now owns 532,956 shares of the company’s stock valued at $5,990,000 after buying an additional 122,650 shares in the last quarter. Sei Investments Co. purchased a new position in Lands’ End in the first quarter valued at $719,000. Arrowstreet Capital Limited Partnership increased its holdings in Lands’ End by 1.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 478,519 shares of the company’s stock valued at $5,379,000 after buying an additional 5,001 shares in the last quarter. Finally, State of Wyoming purchased a new position in Lands’ End in the first quarter valued at $93,000. Hedge funds and other institutional investors own 37.46% of the company’s stock.

Lands’ End Company Profile

Lands’ End, Inc (NASDAQ: LE) is an American retailer specializing in casual apparel, accessories and home goods. Headquartered in Dodgeville, Wisconsin, the company sells its products through a combination of direct-to-consumer channels including e-commerce, catalogues and a network of outlet stores. Lands’ End is known for its nautical-inspired designs, functional outerwear and commitment to quality fabrics.

Founded in 1963 by Gary Comer as a mail-order sailing supply business, Lands’ End rapidly expanded its product offering beyond marine gear.