Lands’ End, Inc. (NASDAQ:LE) Sees Large Decrease in Short Interest

Lands’ End, Inc. (NASDAQ:LE) saw a large decrease in short interest during the month of December. As of December 31st, there was short interest totalling 1,020,000 shares, a decrease of 8.1% from the December 15th total of 1,110,000 shares. Approximately 8.5% of the company’s shares are short sold. Based on an average daily volume of 140,800 shares, the short-interest ratio is presently 7.2 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. SG Americas Securities LLC purchased a new position in Lands’ End during the 3rd quarter worth $101,000. XTX Topco Ltd acquired a new stake in Lands’ End in the second quarter worth about $343,000. AQR Capital Management LLC purchased a new stake in shares of Lands’ End during the second quarter worth about $353,000. Simplicity Wealth LLC increased its holdings in shares of Lands’ End by 2.5% during the third quarter. Simplicity Wealth LLC now owns 28,159 shares of the company’s stock valued at $486,000 after acquiring an additional 700 shares in the last quarter. Finally, Barclays PLC raised its position in shares of Lands’ End by 82.3% in the 3rd quarter. Barclays PLC now owns 29,940 shares of the company’s stock valued at $517,000 after purchasing an additional 13,520 shares during the last quarter. Hedge funds and other institutional investors own 37.46% of the company’s stock.

Lands’ End Stock Performance

Shares of NASDAQ:LE opened at $13.05 on Friday. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.74 and a quick ratio of 0.45. The firm has a 50 day moving average of $14.36 and a 200 day moving average of $15.40. Lands’ End has a 52 week low of $7.64 and a 52 week high of $19.88.

Analysts Set New Price Targets

Separately, StockNews.com lowered Lands’ End from a “strong-buy” rating to a “buy” rating in a research note on Wednesday.

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.