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Investors Should Take A Look At A Newly Independent Lands' End
- Lands' End received its independence in April after a decade of ownership by Sears Holdings.
- Lands' End's independence gives it the freedom and resources to pursue faster growth.
- The company's improving profitability should provide a foundation for a higher market valuation.
- 3 insiders purchased Lands' End stock within one month.
- The stock was sold by no insiders in the month of intensive purchasing.
- 2 of these 3 insiders increased their holdings by more than 10%.
Lands' End: Growth Strategies, Free Cash Flow, And Short Interest Driving Shares Higher
- Lands' End shares distributed in a spin-off to investors in April 2014 after 12 years in deep freeze as a subsidiary of Sears.
- Lands' End is currently pursuing compelling growth strategies now that it has independent access to capital and credit markets.
- After 12 years as a subsidiary of a domestic retail operation, Lands' End can now pursue international opportunities for overseas distribution in previously untapped markets such as China.
- Strong free cash flow offers the potential for shares to gain 72 percent in the next 36 months.
- Shocking 85 percent of the estimated effective free float shares are held in short positions.
Lands' End: An Overvalued Retailer With More Downside Ahead
- The bull case on the Lands' End spin-off seems overblown.
- Lands' End is essentially still a subsidiary of Sears, which will hurt growth and increases risk on an investment.
- 2013 earnings are unrealistic for 2014 as the company now deals with added costs to its business.
Sears Earnings Offer Us Our First Glimpse Of Lands' End First Quarter
- We can try to estimate Lands' End's Q1 from the earnings just reported by Sears.
- This exercise shows that Lands' End is for the most part stagnated.
- However, conducting the exercise shows other factors which mean Lands' End will likely be an interesting investment.
- Lands' End recently spun off from Sears Holdings.
- Lands' End paid a $500m dividend to SHLD prior to the spin-off. This, among other factors, will handicap the company going forward.
- CEO Eddie Lampert still controls Lands' End and has a less than promising retail track record.
- Many nautical terms and metaphors such as "anchors" apply to this spin-off.
Lands' End: Spin-Off Situation With 60%-90% Upside
- Lands' End's recent listing and subsequent price drop seem to indicate a classical spin-off special situation that should generate excess profits for investors.
- The company's online/catalog business produces stable FCF yield of 13% on current market cap. Increase in debt load will not affect results materially.
- Relative to peers, Lands' End appears to have a potential upside of 60%-90%.
- Catalysts include reduction in after spin-off selling, potential reinstatement of dividends and increased awareness of the company among investors.
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Wed, Sep. 10, 12:47 PM
Wed, Sep. 10, 9:57 AM| Comment!
Wed, Sep. 10, 9:15 AM
Wed, Sep. 10, 7:33 AM
Wed, Sep. 10, 7:09 AM
Fri, Jun. 20, 10:11 AM
- Insider buying at Land's End (LE -0.4%) has picked up this week even with shares trading near their post-spinoff highs.
- SA Pro author Bishop Research thinks the retailer has enormous sales potential through new growth channels and notes valuation is reasonable.
- A market mismatch exists due to the excessive short position in Lands' End inherited from Sears doubters and forced index fund selling. Shares could rip 72% over the next three years, says Bishop.
- SEC Form 4s
Fri, Jun. 13, 8:28 AM
- A surprisingly strong quarter from Lands' End (LE) following its spinoff from Sears Holdings (SHLD) has caught the attention of retail analysts who expected a few more separation pains.
- Despite stuck under the stodgy Sears umbrella, Lands' End has a vibrant online presence and a tight rein on costs.
- Comp sales rose 3.4% at Lands' End in FQ1 to set it apart from the retail slog.
- What to watch: The company's high mix of revenue from its online and catalog business puts Lands' End on the right side of the "seismic shift" in retail that Starbucks CEO Howard Schultz has forecast.
Thu, Jun. 12, 10:01 AM
- Lands' End (LE +9.8%) rallies after pulling off the rare feat in retail of improving comps and margins with its FQ1 report.
- The Sears Holdings (SHLD +0.3%) spinoff's large reliance on its direct to consumer channel has helped it weather trends of slower store traffic.
- Management is also being praised for a targeted promotion strategy which hit the mark with consumers without giving away margins.
Thu, Jun. 12, 9:15 AM
Thu, Jun. 12, 7:46 AM
Thu, Jun. 12, 7:04 AM
Mon, Apr. 7, 3:34 PM
- Lands' End (LE -5.5%) drifts lower on its first day of public trading.
- The retailer is in a downward spiral of declining sales, but did manage to earn a profit of $78.8M last year.
- Despite gaining its independence back, Lands' End is still reliant on its parent company with a sizable number of its shops set up inside of Sears stores.
Mon, Apr. 7, 7:33 AM
Mon, Mar. 17, 7:54 AM| 2 Comments
Sun, Mar. 16, 3:38 AM
- Sears (SHLD) plans to spin off Lands' End on April 4 in a move that will turn the clothing unit into an independent company that will trade on Nasdaq under the symbol LE.
- Sears' stockholders of record as of March 24 will receive 0.3 of a share in Lands' End for each share of Sears they hold.
- Prior to the spin-off, Lands' End will pay a $500M dividend to Sears funded by a new senior secured term loan.
- Lands' End is the latest asset that Sears is offloading amid rising losses and declining sales after it spun off Orchard Supply Hardware Stores in 2011 and Sears Hometown & Outlet Stores in 2012. (PR)
Dec. 11, 2013, 10:30 AM
- Winter jacket maker Canada Goose sold off a majority of its share to Bain Capital for an undisclosed amount.
- The development follows a move by higher-end rival Moncler to list shares on the Milan stock exchange.
- What to watch: Bain isn't the only P-E firm taking an interest in specialty apparel retail as a number of other companies have been snapped up. The prospect of building global lifestyle companies off of strong brands is starting to draw even more interest. The trend could set up well for some beat-up names such as Lands' End (SHLD), L.L. Bean, Eddie Bauer, and Coldwater Creek (CWTR).
LE vs. ETF Alternatives
Lands' End, Inc., is a multi-channel retailer of casual clothing, accessories and footwear, as well as home products. The Company offers products through catalogs, landsend.com, and operates in two segments; Direct and Retail.
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