Towerview LLC reduced its holdings in shares of Lands' End, Inc. (NASDAQ:LE - Free Report) by 18.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 367,500 shares of the company's stock after selling 81,991 shares during the quarter. Lands' End accounts for 4.1% of Towerview LLC's portfolio, making the stock its 6th largest position. Towerview LLC owned about 1.18% of Lands' End worth $6,347,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. American Century Companies Inc. boosted its stake in shares of Lands' End by 111.2% in the second quarter. American Century Companies Inc. now owns 205,087 shares of the company's stock valued at $2,787,000 after purchasing an additional 107,966 shares during the period. ClariVest Asset Management LLC acquired a new stake in Lands' End in the second quarter valued at $1,424,000. Acadian Asset Management LLC acquired a new stake in Lands' End in the second quarter valued at $2,012,000. AQR Capital Management LLC acquired a new stake in Lands' End in the second quarter valued at $353,000. Finally, Simplicity Wealth LLC acquired a new stake in Lands' End in the second quarter valued at $373,000. 37.46% of the stock is currently owned by hedge funds and other institutional investors.
LE traded down $0.20 on Thursday, reaching $16.17. The company had a trading volume of 57,834 shares, compared to its average volume of 106,560. The company has a fifty day moving average of $16.29 and a 200-day moving average of $15.30. The company has a market capitalization of $504.39 million, a P/E ratio of -3.94 and a beta of 2.78. The company has a current ratio of 1.64, a quick ratio of 0.41 and a debt-to-equity ratio of 1.10. Lands' End, Inc. has a one year low of $6.35 and a one year high of $19.88.
Lands' End (NASDAQ:LE - Get Free Report) last posted its quarterly earnings data on Thursday, September 5th. The company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.08. Lands' End had a negative net margin of 9.20% and a negative return on equity of 1.03%. The company had revenue of $317.17 million during the quarter, compared to analyst estimates of $306.00 million. As a group, equities research analysts anticipate that Lands' End, Inc. will post 0.37 earnings per share for the current year.
Separately, StockNews.com raised shares of Lands' End from a "hold" rating to a "buy" rating in a report on Friday, September 6th.
Check Out Our Latest Report on 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.
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