Bank of New York Mellon Corp Has $536,000 Holdings in Lands’ End, Inc. (NASDAQ:LE)

Bank of New York Mellon Corp lessened its holdings in Lands’ End, Inc. (NASDAQ:LE) by 2.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,775 shares of the company’s stock after selling 1,157 shares during the period. Bank of New York Mellon Corp owned about 0.13% of Lands’ End worth $536,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its holdings in shares of Lands’ End by 3.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 102,706 shares of the company’s stock valued at $1,774,000 after acquiring an additional 3,288 shares in the last quarter. Petrus Trust Company LTA boosted its stake in shares of Lands’ End by 33.9% during the third quarter. Petrus Trust Company LTA now owns 38,100 shares of the company’s stock valued at $658,000 after purchasing an additional 9,655 shares in the last quarter. State Street Corp grew its holdings in shares of Lands’ End by 0.9% during the third quarter. State Street Corp now owns 294,053 shares of the company’s stock worth $5,078,000 after purchasing an additional 2,556 shares during the last quarter. Barclays PLC increased its stake in shares of Lands’ End by 82.3% in the third quarter. Barclays PLC now owns 29,940 shares of the company’s stock valued at $517,000 after buying an additional 13,520 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Lands’ End by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 314,514 shares of the company’s stock valued at $5,432,000 after buying an additional 1,729 shares during the last quarter. Institutional investors own 37.46% of the company’s stock.

Lands’ End Stock Performance

Shares of LE stock opened at $10.86 on Friday. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.74 and a quick ratio of 0.45. Lands’ End, Inc. has a one year low of $9.91 and a one year high of $19.88. The business’s 50 day simple moving average is $11.75 and its 200 day simple moving average is $14.10. The stock has a market capitalization of $335.90 million, a PE ratio of -16.45 and a beta of 2.80.

Lands’ End (NASDAQ:LE) last posted its quarterly earnings data on Thursday, March 20th. The company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.01). The firm had revenue of $441.66 million during the quarter, compared to the consensus estimate of $458.69 million. Lands’ End had a negative net margin of 1.46% and a positive return on equity of 1.24%. During the same period in the prior year, the company posted $0.25 earnings per share. As a group, research analysts forecast that Lands’ End, Inc. will post 0.41 earnings per share for the current year.

Analysts Set New Price Targets

Separately, StockNews.com lowered Lands’ End from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 17th.

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.