Raymond James Financial Inc. Acquires New Stake in Lands' End, Inc. (NASDAQ:LE)

Raymond James Financial Inc. bought a new stake in Lands' End, Inc. (NASDAQ:LE - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 103,250 shares of the company's stock, valued at approximately $1,357,000. Raymond James Financial Inc. owned about 0.33% of Lands' End at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of LE. Bailard Inc. acquired a new stake in Lands' End during the fourth quarter worth approximately $219,000. Barclays PLC grew its position in shares of Lands' End by 82.3% in the 3rd 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 last quarter. Petrus Trust Company LTA raised its stake in Lands' End by 33.9% during the 3rd quarter. Petrus Trust Company LTA now owns 38,100 shares of the company's stock worth $658,000 after acquiring an additional 9,655 shares in the last quarter. Empowered Funds LLC lifted its position in Lands' End by 5.1% in the fourth quarter. Empowered Funds LLC now owns 64,714 shares of the company's stock valued at $850,000 after acquiring an additional 3,152 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Lands' End by 3.3% in the third 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. 37.46% of the stock is currently owned by institutional investors and hedge funds.

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Lands' End Stock Performance

NASDAQ LE traded down $0.58 on Monday, reaching $8.93. The stock had a trading volume of 184,765 shares, compared to its average volume of 128,299. The stock has a market cap of $275.77 million, a P/E ratio of -13.53 and a beta of 2.64. Lands' End, Inc. has a 12-month low of $8.74 and a 12-month high of $19.88. The business's 50-day moving average price is $11.30 and its 200 day moving average price is $13.84. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.45 and a current ratio of 1.74.

Lands' End (NASDAQ:LE - Get Free Report) last released its quarterly earnings results on Thursday, March 20th. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.01). Lands' End had a negative net margin of 1.46% and a positive return on equity of 1.24%. The business had revenue of $441.66 million during the quarter, compared to analysts' expectations of $458.69 million. During the same quarter last year, the company earned $0.25 EPS. As a group, equities analysts expect that Lands' End, Inc. will post 0.41 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com cut 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.