Lands' End (NASDAQ:LE) Share Price Passes Below Two Hundred Day Moving Average - Here's What Happened

Lands' End, Inc. (NASDAQ:LE - Get Free Report)'s stock price passed 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 trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Lands' End from a "buy" rating to a "strong-buy" rating in a report on Monday, December 9th.

Lands' End Stock Performance

The company has a current ratio of 1.74, a quick ratio of 0.45 and a debt-to-equity ratio of 1.29. The stock has a market cap of $419.72 million, a P/E ratio of -20.56 and a beta of 2.76. The company's 50-day simple moving average is $15.61 and its 200 day simple moving average is $15.49.

Institutional Investors Weigh In On Lands' End

A number of hedge funds have recently modified their holdings of LE. Bank of New York Mellon Corp increased its holdings in Lands' End by 8.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 53,245 shares of the company's stock worth $724,000 after acquiring an additional 4,334 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of Lands' End in the second quarter valued at approximately $2,012,000. ClariVest Asset Management LLC purchased a new stake in shares of Lands' End during the 2nd quarter valued at approximately $1,424,000. American Century Companies Inc. boosted its holdings in Lands' End by 111.2% in the 2nd quarter. American Century Companies Inc. now owns 205,087 shares of the company's stock worth $2,787,000 after buying an additional 107,966 shares during the period. Finally, Cornercap Investment Counsel Inc. purchased a new position in Lands' End in the 2nd quarter valued at approximately $540,000. Institutional investors own 37.46% of the company's stock.

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.