Lands’ End, Inc. (NASDAQ:LE) Sees Large Increase in Short Interest

Lands’ End, Inc. (NASDAQ:LE) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totalling 1,100,000 shares, an increase of 6.8% from the September 30th total of 1,030,000 shares. Based on an average daily volume of 111,100 shares, the short-interest ratio is presently 9.9 days. Approximately 9.5% of the company’s stock are short sold.

Analysts Set New Price Targets

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

Lands’ End Price Performance

Shares of NASDAQ LE opened at $15.74 on Friday. The company has a quick ratio of 0.41, a current ratio of 1.64 and a debt-to-equity ratio of 1.10. Lands’ End has a fifty-two week low of $6.07 and a fifty-two week high of $19.88. The business has a 50 day moving average price of $16.14 and a two-hundred day moving average price of $15.07. The firm has a market cap of $494.33 million, a PE ratio of -3.71 and a beta of 2.77.

Lands’ End (NASDAQ:LE) last released its quarterly earnings results on Thursday, September 5th. The company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.08. The business had revenue of $317.17 million during the quarter, compared to the consensus estimate of $306.00 million. Lands’ End had a negative net margin of 9.20% and a negative return on equity of 1.03%. Sell-side analysts expect that Lands’ End will post 0.37 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Lands’ End

A number of institutional investors have recently modified their holdings of the stock. BNP Paribas Financial Markets increased its holdings in shares of Lands’ End by 65.0% in the 1st quarter. BNP Paribas Financial Markets now owns 6,999 shares of the company’s stock valued at $76,000 after acquiring an additional 2,757 shares during the last quarter. Empowered Funds LLC boosted its holdings in Lands’ End by 69.4% in the first quarter. Empowered Funds LLC now owns 54,340 shares of the company’s stock worth $592,000 after purchasing an additional 22,257 shares during the period. O Shaughnessy Asset Management LLC increased its stake in Lands’ End by 41.6% during the first quarter. O Shaughnessy Asset Management LLC now owns 14,962 shares of the company’s stock valued at $163,000 after purchasing an additional 4,392 shares during the last quarter. Simplicity Wealth LLC acquired a new stake in shares of Lands’ End during the second quarter worth $373,000. Finally, Gladius Capital Management LP bought a new position in shares of Lands’ End in the 2nd quarter worth about $31,000. Institutional investors and hedge funds own 37.46% of the company’s stock.

Lands’ End Company Profile

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.