Raymond James Financial Inc. Takes $1.36 Million Position in Lands’ End, Inc. (NASDAQ:LE)

Raymond James Financial Inc. purchased a new position in Lands’ End, Inc. (NASDAQ:LE) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 103,250 shares of the company’s stock, valued at approximately $1,357,000. Raymond James Financial Inc. owned approximately 0.33% of Lands’ End at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC raised its holdings 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 worth $5,432,000 after acquiring an additional 1,729 shares during the period. State Street Corp raised its stake in 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 period. JPMorgan Chase & Co. raised its stake in Lands’ End by 48.4% during the third quarter. JPMorgan Chase & Co. now owns 211,916 shares of the company’s stock worth $3,660,000 after purchasing an additional 69,099 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Lands’ End by 3.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 102,706 shares of the company’s stock valued at $1,774,000 after purchasing an additional 3,288 shares during the last quarter. Finally, Empowered Funds LLC grew its stake in shares of Lands’ End by 5.1% in the 4th quarter. Empowered Funds LLC now owns 64,714 shares of the company’s stock valued at $850,000 after buying an additional 3,152 shares during the period. 37.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Lands’ End Stock Up 2.0 %

Shares of NASDAQ:LE opened at $10.68 on Thursday. The firm has a market capitalization of $329.81 million, a PE ratio of -16.18 and a beta of 2.64. Lands’ End, Inc. has a 1 year low of $9.91 and a 1 year high of $19.88. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.74 and a quick ratio of 0.45. The firm’s 50-day moving average is $11.54 and its two-hundred day moving average is $13.99.

Lands’ End (NASDAQ:LE) last announced its earnings results on Thursday, March 20th. The company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.01). Lands’ End had a positive return on equity of 1.24% and a negative net margin of 1.46%. The business had revenue of $441.66 million for the quarter, compared to analysts’ expectations of $458.69 million. During the same period in the previous year, the company earned $0.25 earnings per share. Analysts predict that Lands’ End, Inc. will post 0.41 EPS for the current year.

Lands’ End 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.