CL King Downgrades Lands' End to Neutral

Brokerage firm CL King Downgrades its rating on Lands' End(NASDAQ:LE). The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by CL King was issued on Sep 26, 2016.

Lands' End (LE) made into the market gainers list on Thursdays trading session with the shares advancing 2.22% or 0.4 points. Due to strong positive momentum, the stock ended at $18.41, which is also near the day’s high of $18.62. The stock began the session at $18.25 and the volume stood at 1,71,744 shares. The 52-week high of the shares is $28.076 and the 52 week low is $14.03. The company has a current market capitalization of $590 M and it has 3,20,29,359 shares in outstanding.

Lands' End(LE) last announced its earnings results on Sep 1, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $292.01M. Analysts had an estimated revenue of $292.25M. Earnings per share were $-0.06. Analysts had estimated an EPS of $0.02.

Several Insider Transactions has been reported to the SEC. On Jul 1, 2016, Elizabeth Leykum (director) purchased 5,000 shares at $16.90 per share price.Also, On Jun 27, 2016, Elizabeth Darst Leykum (director) purchased 1,575 shares at $15.90 per share price.On Apr 6, 2016, John Mcclain (director) purchased 250 shares at $23.92 per share price, according to the Form-4 filing with the securities and exchange commission.

Lands’ End Inc. (Lands’ End) is a multi-channel retailer of casual clothing accessories and footwear as well as home products. The Company operates through two business segments: Direct and Retail. The Direct segment sells products through the Company’s e-commerce Websites such as; international Websites and direct mail catalogs. The Retail segment sells products and services through Lands’ End Shops at Sears across the United States the Company’s standalone Lands’ End Inlet stores and international shop-in-shops. The Company’s product categories include Apparel and Non-apparel. The Non-apparel category offers accessories footwear and home goods. The Company also offers embroidery monogramming gift wrapping shipping and other services.

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