Lands' End, Inc. (NASDAQ:LE) Short Interest Update

Lands' End, Inc. (NASDAQ:LE - Get Free Report) was the recipient of a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 461,500 shares, a decrease of 28.4% from the March 15th total of 644,200 shares. Based on an average daily volume of 133,300 shares, the short-interest ratio is presently 3.5 days. Approximately 3.9% of the shares of the company are sold short.

Institutional Investors Weigh In On Lands' End

Several institutional investors and hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC acquired a new position in shares of Lands' End in the first quarter worth $582,000. Harbor Capital Advisors Inc. acquired a new position in Lands' End in the 1st quarter valued at about $27,000. GAMMA Investing LLC lifted its holdings in Lands' End by 9,138.5% in the 1st quarter. GAMMA Investing LLC now owns 2,402 shares of the company's stock valued at $236,000 after purchasing an additional 2,376 shares in the last quarter. Mackenzie Financial Corp acquired a new stake in shares of Lands' End during the 4th quarter worth about $437,000. Finally, PharVision Advisers LLC acquired a new stake in shares of Lands' End during the 4th quarter worth about $152,000. 37.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Lands' End Price Performance

Shares of NASDAQ:LE traded down $0.24 on Wednesday, reaching $8.39. 54,413 shares of the company were exchanged, compared to its average volume of 127,246. The firm has a market cap of $259.09 million, a price-to-earnings ratio of -12.71 and a beta of 2.64. Lands' End has a 1-year low of $8.15 and a 1-year high of $19.88. The company has a 50-day moving average of $10.47 and a 200-day moving average of $13.18. The company has a current ratio of 1.74, a quick ratio of 0.45 and a debt-to-equity ratio of 1.29.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.58 by ($0.01). The company had revenue of $441.66 million for the quarter, compared to analyst estimates of $458.69 million. Lands' End had a negative net margin of 1.46% and a positive return on equity of 1.24%. During the same quarter in the previous year, the business posted $0.25 earnings per share. Equities analysts forecast that Lands' End will post 0.41 earnings per share for the current fiscal 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.