Rhumbline Advisers Reduces Holdings in Lands’ End, Inc. (NASDAQ:LE)

Rhumbline Advisers lowered its position in shares of Lands’ End, Inc. (NASDAQ:LE) by 2.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,956 shares of the company’s stock after selling 587 shares during the period. Rhumbline Advisers owned approximately 0.07% of Lands’ End worth $312,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Bank of New York Mellon Corp boosted its holdings in shares of Lands’ End by 8.9% during the second quarter. Bank of New York Mellon Corp now owns 53,245 shares of the company’s stock valued at $724,000 after acquiring an additional 4,334 shares during the period. Gladius Capital Management LP acquired a new position in shares of Lands’ End during the second quarter valued at $31,000. Simplicity Wealth LLC acquired a new position in shares of Lands’ End during the second quarter valued at $373,000. O Shaughnessy Asset Management LLC boosted its holdings in shares of 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 acquiring an additional 4,392 shares during the period. Finally, Empowered Funds LLC raised its stake in shares of Lands’ End by 69.4% during the first quarter. Empowered Funds LLC now owns 54,340 shares of the company’s stock valued at $592,000 after purchasing an additional 22,257 shares in the last quarter. Institutional investors and hedge funds own 37.46% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Lands’ End Price Performance

Shares of LE opened at $17.11 on Friday. The company has a current ratio of 1.64, a quick ratio of 0.41 and a debt-to-equity ratio of 1.10. Lands’ End, Inc. has a 1 year low of $5.98 and a 1 year high of $18.27. The stock has a market cap of $537.36 million, a P/E ratio of -4.04 and a beta of 2.78. The stock’s 50-day moving average price is $15.62 and its two-hundred day moving average price is $13.90.

Lands’ End Company Profile

Lands' End, Inc operates as a digital retailer of casual clothing, swimwear, outerwear, accessories, footwear, and home products 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.