Shares of Lands’ End, Inc. (NASDAQ:LE) were down 15.5% on Thursday . The stock traded as low as $17.77 and last traded at $17.93. Approximately 755,103 shares traded hands during mid-day trading, an increase of 193% from the average daily volume of 257,975 shares. The stock had previously closed at $21.23.
Separately, BidaskClub downgraded Lands’ End from a “hold” rating to a “sell” rating in a research report on Thursday, September 13th. Three analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Lands’ End currently has a consensus rating of “Hold” and a consensus target price of $18.00.
The company has a quick ratio of 0.95, a current ratio of 2.20 and a debt-to-equity ratio of 1.62. The stock has a market cap of $683.87 million, a P/E ratio of 248.71 and a beta of -0.02.
In other news, VP Bernard Louis Mccracken III sold 4,000 shares of the firm’s stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $17.80, for a total transaction of $71,200.00. Following the completion of the transaction, the vice president now directly owns 604 shares in the company, valued at $10,751.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.00% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently modified their holdings of the company. Metropolitan Life Insurance Co. NY bought a new stake in Lands’ End in the second quarter worth approximately $111,000. MetLife Investment Advisors LLC bought a new stake in Lands’ End in the second quarter worth approximately $147,000. Russell Investments Group Ltd. bought a new stake in Lands’ End in the second quarter worth approximately $234,000. BlueMountain Capital Management LLC bought a new stake in Lands’ End in the second quarter worth approximately $251,000. Finally, Mackay Shields LLC bought a new stake in Lands’ End in the second quarter worth approximately $341,000. Institutional investors own 50.80% of the company’s stock.
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Lands’ End Company Profile (NASDAQ:LE)
Lands' End, Inc operates as a multi-channel retailer in the United States, the United Kingdom, Germany, and Japan. The company operates in two segments, Direct and Retail. It offers casual clothing, accessories, footwear, and home products. The company sells its products online through landsend.com, and affiliated specialty and international Websites; direct mail catalogs; and retail locations primarily at Lands' End Shops at Sears, Lands' End stores, and international shop-in-shops.
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