LE - Lands' End New Management Is Delivering But The Stock Is Not An Opportunity
2024-04-11 08:39:34 ET
Summary
- Lands' End is an online apparel retailer focused on vacation occasions, mostly swimwear and outerwear, with an adjacent uniform business.
- Since spinning off from Sears in 2014, the company's operations have been okay but not outstanding. It has consistently suffered from overleverage.
- Today, despite being operationally profitable, Lands' End cannot cover its interest payments. A new management team arrived at Lands' End in late 2022, and I like some of their plans.
- I believe the company's current market cap or EV embeds pretty optimistic assumptions about the company's future, leaving little room for error. For that reason, I think Lands' End stock is not an opportunity at these prices.
Lands' End ( LE ) is an online apparel retailer focused on vacation occasions, mostly swimwear and outerwear, with an adjacent uniform business....
Lands' End New Management Is Delivering, But The Stock Is Not An Opportunity