Alliancebernstein L.P. Reduces Holdings in Lands' End, Inc. (NASDAQ:LE)

Alliancebernstein L.P. lessened its holdings in Lands' End, Inc. (NASDAQ:LE - Free Report) by 92.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,500 shares of the company's stock after selling 149,410 shares during the period. Alliancebernstein L.P.'s holdings in Lands' End were worth $164,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Raymond James Financial Inc. acquired a new position in Lands' End in the 4th quarter valued at about $1,357,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of Lands' End by 62.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 246,636 shares of the company's stock valued at $3,241,000 after buying an additional 95,073 shares during the period. JPMorgan Chase & Co. boosted its position 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 acquiring an additional 69,099 shares during the last quarter. American Century Companies Inc. grew its stake in Lands' End by 14.5% in the 4th quarter. American Century Companies Inc. now owns 372,936 shares of the company's stock worth $4,900,000 after acquiring an additional 47,306 shares during the period. Finally, Bailard Inc. acquired a new position in Lands' End in the 4th quarter valued at $219,000. 37.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com cut Lands' End from a "strong-buy" rating to a "buy" rating in a report on Monday, February 17th.

Lands' End Trading Down 2.0 %

Shares of LE stock opened at $8.63 on Wednesday. The firm's 50-day simple moving average is $10.47 and its 200-day simple moving average is $13.18. 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 1-year low of $8.15 and a 1-year high of $19.88. The firm has a market cap of $266.50 million, a P/E ratio of -13.08 and a beta of 2.64.

Lands' End (NASDAQ:LE - Get Free Report) last posted its quarterly earnings results on Thursday, March 20th. The company reported $0.57 earnings per share for the quarter, missing analysts' consensus estimates 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 company had revenue of $441.66 million for the quarter, compared to analysts' expectations of $458.69 million. During the same period in the prior year, the business earned $0.25 EPS. As a group, equities analysts forecast that Lands' End, Inc. will post 0.41 EPS for the current year.

About Lands' End

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.

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