Proficio Capital Partners LLC acquired a new stake in Lands’ End, Inc. (NASDAQ:LE – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 75,545 shares of the company’s stock, valued at approximately $792,000. Proficio Capital Partners LLC owned approximately 0.25% of Lands’ End at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of America Corp DE purchased a new stake in shares of Lands’ End during the second quarter worth $3,943,000. Ancora Advisors LLC acquired a new position in Lands’ End during the 2nd quarter worth $1,219,000. Virtus Advisers LLC purchased a new stake in Lands’ End during the 2nd quarter worth about $637,000. BlackRock Inc. purchased a new stake in Lands’ End during the 2nd quarter worth about $9,237,000. Finally, Deutsche Bank AG acquired a new stake in Lands’ End in the 2nd quarter valued at about $101,000. Hedge funds and other institutional investors own 37.46% of the company’s stock.
Lands’ End Stock Performance
NASDAQ LE opened at $12.18 on Thursday. The company has a quick ratio of 0.37, a current ratio of 1.58 and a debt-to-equity ratio of 0.06. Lands’ End, Inc. has a 52-week low of $9.56 and a 52-week high of $20.04. The business’s 50-day moving average price is $11.96 and its 200 day moving average price is $12.79. The firm has a market cap of $374.41 million, a P/E ratio of 1.11 and a beta of 2.31.
Analyst Ratings Changes
LE has been the topic of a number of recent research reports. Noble Financial initiated coverage on shares of Lands’ End in a research note on Thursday, June 18th. They set an “outperform” rating and a $20.00 target price on the stock. Weiss Ratings upgraded shares of Lands’ End from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, June 11th. Finally, Wall Street Zen downgraded shares of Lands’ End from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $20.00.
Check Out Our Latest Research Report on LE
Lands’ End 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.
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