Lands' End Stock Attempts to Brush Off Lukewarm Q1 Report

LE has shed over 43% this year

Digital Content Manager
Jun 2, 2022 at 9:22 AM
facebook X logo linkedin

Land's End, Inc. (NASDAQ:LE) has joined the barrage or retailers putting out reports at the tail end of earnings season. The apparel company posted slimmer-than-expected first-quarter losses of 7 cents per share, though its revenue for the quarter missed expectations. Lands' End noted lower ecommerce sales, and issued a full-year earnings outlook that was mostly below analysts' estimates. 

LE initially plummeted following the lukewarm report, but has managed to erase those losses and was last seen up 2.8% at $11.45. Coming into today, the stock was traveling dangerously close to its 21-month low of $10.00 and sported a 43.3% year-to-date deficit. Plus, with pressure emerging at the 20-day moving average, Lands' End stock just locked in its seventh-straight monthly loss in May, as well as its biggest one-month drop since September 2021. 

Short-term options traders were incredibly call-biased ahead of the event. This is per LE's Schaeffer's put/call volume ratio (SOIR) of 0.39, which sits lower than all other readings from the past year. 

On the other hand, short sellers have been targeting LE in droves. Short interest shot up 60.2% in the last reporting period, and the 1.81 million shares sold short make up 13.7% of the stock's available float, or nearly two weeks' worth of pent-up buying power. 


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI