Lands’ End (NASDAQ:LE) Shares Pass Below Two Hundred Day Moving Average – Here’s Why

Lands’ End, Inc. (NASDAQ:LE)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $15.49 and traded as low as $13.19. Lands’ End shares last traded at $13.57, with a volume of 79,409 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com raised Lands’ End from a “buy” rating to a “strong-buy” rating in a report on Monday, December 9th.

Lands’ End Price Performance

The company has a quick ratio of 0.45, a current ratio of 1.74 and a debt-to-equity ratio of 1.29. The stock’s 50-day moving average price is $15.71 and its 200-day moving average price is $15.49. The company has a market capitalization of $419.72 million, a price-to-earnings ratio of -20.56 and a beta of 2.76.

Institutional Investors Weigh In On Lands’ End

Institutional investors and hedge funds have recently made changes to their positions in the company. Simplicity Wealth LLC raised its stake in shares of Lands’ End by 2.5% during the third quarter. Simplicity Wealth LLC now owns 28,159 shares of the company’s stock worth $486,000 after buying an additional 700 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Lands’ End by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 314,514 shares of the company’s stock valued at $5,432,000 after acquiring an additional 1,729 shares during the last quarter. State Street Corp lifted its stake in shares of Lands’ End by 0.9% in the 3rd quarter. State Street Corp now owns 294,053 shares of the company’s stock valued at $5,078,000 after purchasing an additional 2,556 shares during the period. Empowered Funds LLC lifted its stake in shares of Lands’ End by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 61,562 shares of the company’s stock valued at $1,063,000 after purchasing an additional 3,082 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Lands’ End by 3.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 102,706 shares of the company’s stock worth $1,774,000 after purchasing an additional 3,288 shares during the last quarter. Institutional investors 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.