Lands’ End (NASDAQ:LE – Get Rating) issued an update on its FY 2022 earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.49-$0.70 for the period, compared to the consensus earnings per share estimate of $0.76. The company issued revenue guidance of $1.60 billion-$1.64 billion, compared to the consensus revenue estimate of $1.64 billion. Lands’ End also updated its Q3 2022 guidance to $0.03-$0.12 EPS.
Lands’ End Trading Down 4.2 %
NASDAQ:LE opened at $8.08 on Friday. The company has a current ratio of 1.89, a quick ratio of 0.30 and a debt-to-equity ratio of 0.92. The company has a 50-day moving average price of $13.02 and a 200-day moving average price of $13.59. The stock has a market cap of $267.61 million, a price-to-earnings ratio of 27.86 and a beta of 2.40. Lands’ End has a 12 month low of $8.01 and a 12 month high of $29.70.
Lands’ End (NASDAQ:LE – Get Rating) last announced its quarterly earnings results on Thursday, September 1st. The company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.07. Lands’ End had a net margin of 0.63% and a return on equity of 2.49%. During the same quarter in the prior year, the firm posted $0.48 EPS. Equities analysts predict that Lands’ End will post 0.59 EPS for the current year.
Wall Street Analysts Forecast Growth
Hedge Funds Weigh In On Lands’ End
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Swiss National Bank grew its holdings in Lands’ End by 8.7% during the first quarter. Swiss National Bank now owns 31,210 shares of the company’s stock worth $528,000 after acquiring an additional 2,500 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Lands’ End by 1.8% in the first quarter. Bank of New York Mellon Corp now owns 75,606 shares of the company’s stock valued at $1,279,000 after buying an additional 1,304 shares in the last quarter. MetLife Investment Management LLC boosted its holdings in Lands’ End by 56.5% in the first quarter. MetLife Investment Management LLC now owns 7,602 shares of the company’s stock valued at $129,000 after purchasing an additional 2,743 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Lands’ End by 4.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,020,596 shares of the company’s stock worth $17,270,000 after buying an additional 40,992 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Lands’ End by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 1,176,706 shares of the company’s stock worth $19,910,000 after buying an additional 29,552 shares during the last quarter. Hedge funds and other institutional investors own 40.23% of the company’s stock.
Lands’ End Company Profile
Lands' End, Inc operates as a uni-channel retailer of casual clothing, accessories, footwear, and home products in the United States, Europe, Asia, and internationally. It operates through U.S. eCommerce, Europe eCommerce, Japan eCommerce, Outfitters, Third Party, and Retail segments. The company sells its products online through e-commerce, company operated stores, as well as through third party distribution channels under the Lands' End, Let's Get Comfy, Lands' End Lighthouse, Square Rigger, Squall, Super-T, Drifter, Outrigger, Marinac, Beach Living, as well as Supima, No-Gape, Starfish, Iron Knees, Hyde Park, Year' Rounder, ClassMate, Willis & Geiger, and ThermaCheck brands.
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