Lands' End, Inc. (NASDAQ:LE) Sees Significant Drop in Short Interest

Lands' End, Inc. (NASDAQ:LE - Get Free Report) was the target of a large drop in short interest in March. As of March 15th, there was short interest totalling 644,200 shares, a drop of 15.4% from the February 28th total of 761,400 shares. Currently, 5.5% of the company's stock are sold short. Based on an average daily trading volume, of 124,000 shares, the short-interest ratio is presently 5.2 days.

Hedge Funds Weigh In On Lands' End

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LE. Quarry LP purchased a new stake in shares of Lands' End in the 4th quarter valued at $41,000. AlphaQuest LLC acquired a new position in Lands' End during the fourth quarter valued at $101,000. Wells Fargo & Company MN boosted its holdings in Lands' End by 18.4% in the fourth quarter. Wells Fargo & Company MN now owns 10,033 shares of the company's stock valued at $132,000 after purchasing an additional 1,559 shares during the last quarter. Inceptionr LLC acquired a new stake in Lands' End during the 4th quarter worth about $150,000. Finally, PharVision Advisers LLC purchased a new position in shares of Lands' End during the 4th quarter valued at about $152,000. Hedge funds and other institutional investors own 37.46% of the company's stock.

Wall Street Analyst Weigh In

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

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Lands' End Stock Down 0.4 %

Lands' End stock traded down $0.04 during midday trading on Friday, reaching $9.51. The company's stock had a trading volume of 323,688 shares, compared to its average volume of 128,073. Lands' End has a 52-week low of $9.10 and a 52-week high of $19.88. The stock has a market capitalization of $293.68 million, a P/E ratio of -14.41 and a beta of 2.64. 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 stock's 50-day simple moving average is $11.39 and its 200-day simple moving average is $13.91.

Lands' End (NASDAQ:LE - Get Free Report) last released its earnings results on Thursday, March 20th. The company reported $0.57 EPS 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 during the quarter, compared to analyst estimates of $458.69 million. During the same quarter last year, the business earned $0.25 earnings per share. On average, sell-side analysts expect that Lands' End will post 0.41 EPS for the current year.

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.