Axa S.A. Decreases Stock Holdings in Lands’ End, Inc. (NASDAQ:LE)

Posted by on Mar 2nd, 2023

Axa S.A. lowered its stake in Lands’ End, Inc. (NASDAQ:LE – Get Rating) by 7.4% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 47,900 shares of the company’s stock after selling 3,800 shares during the quarter. Axa S.A. owned 0.14% of Lands’ End worth $370,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Quantbot Technologies LP purchased a new stake in shares of Lands’ End during the first quarter worth approximately $98,000. BNP Paribas Arbitrage SA raised its position in shares of Lands’ End by 87.1% in the second quarter. BNP Paribas Arbitrage SA now owns 9,538 shares of the company’s stock valued at $101,000 after buying an additional 4,440 shares during the last quarter. MetLife Investment Management LLC lifted its stake in shares of Lands’ End by 56.5% in the first quarter. MetLife Investment Management LLC now owns 7,602 shares of the company’s stock worth $129,000 after buying an additional 2,743 shares in the last quarter. Hillcrest Wealth Advisors NY LLC acquired a new position in Lands’ End during the third quarter worth about $130,000. Finally, Dupont Capital Management Corp grew its stake in Lands’ End by 68.2% during the 3rd quarter. Dupont Capital Management Corp now owns 22,183 shares of the company’s stock valued at $171,000 after acquiring an additional 8,991 shares in the last quarter. Hedge funds and other institutional investors own 37.42% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on LE shares. StockNews.com cut Lands’ End from a “hold” rating to a “sell” rating in a report on Friday, December 2nd. Telsey Advisory Group cut their target price on Lands’ End to $14.00 in a research note on Friday, December 2nd. Craig Hallum dropped their price objective on shares of Lands’ End to $9.00 in a report on Friday, December 2nd. Finally, TheStreet downgraded shares of Lands’ End from a “c” rating to a “d+” rating in a research note on Monday, December 5th.

Lands’ End Stock Up 2.6 %

Shares of LE opened at $7.80 on Thursday. The company’s 50-day simple moving average is $8.29 and its 200-day simple moving average is $9.56. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.35 and a current ratio of 1.92. Lands’ End, Inc. has a 1 year low of $6.61 and a 1 year high of $21.12. The stock has a market capitalization of $257.40 million, a PE ratio of -111.41 and a beta of 2.76.

Lands’ End (NASDAQ:LE – Get Rating) last issued its quarterly earnings results on Thursday, December 1st. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.21). Lands’ End had a negative net margin of 0.13% and a negative return on equity of 0.54%. The business had revenue of $370.98 million during the quarter, compared to analysts’ expectations of $384.75 million. Analysts forecast that Lands’ End, Inc. will post -0.23 earnings per share for the current fiscal year.

Lands’ End Company Profile

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Lands’ End, Inc is a multi-channel retailer of casual clothing, accessories, and footwear, as well as home products. It operates through the following segments: US eCommerce, Outfitters, Europe eCommerce, Japan eCommerce, Third Party, and Retail. The company was founded by Gary C. Comer in 1963 and is headquartered in Dodgeville, WI.

See Also

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Institutional Ownership by Quarter for Lands' End (NASDAQ:LE)

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