LE - Close Lands' End Trade After 60% Gains Use The House's Money

2024-04-01 12:16:28 ET

Summary

• Lands' End, Inc. stock has seen a 60% increase since a buy call in December 2023, suggesting investors lock in profits and consider a long-term position.
• The company has shown signs of improvement, with gross margin expansion and strong inventory management.
• Sales guidance for 2024 indicates a mid-single digit decline, but the company expects a winning year with positive net income and strong adjusted EBITDA.

Time and again, our members, specifically those within their first year of membership, are shocked at the power of converting the many rapid-return trades we execute into so-called "house positions." We provide a lot of detail on this at our full service, where you can also see a history of those trades and our approach. However, now and again we offer up a potential trade with modest conviction here on the public site....

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