Equity Research Focusing on the Consumer Sector, Small Cap Consumer Research

Small Cap Consumer Research

Equity research on small cap consumer names.

Equity Research Focusing on the Consumer Sector

Small Cap Consumer Research, LLC is a leading company-sponsored equity research provider focusing on the consumer sector (apparel, brand licensing and specialty retailing segments).

Equity Bottom-Up

<ul><li>We are reiterating our Buy rating and $20 price target, and raising our projections after Lands' End reported lower than expected 2Q results, driven by a slow start to the swim season, but raised overall EBITDA and EPS guidance, as momentum has accelerated in 3Q, the shift to more licensed products should help drive even further margin expansion, management has aggressively mitigated the impact of tariff and the company is seeing strong results in the Outfitters, 3rd Party and International segments.</li><li>When combined with a continued shift to more lifestyle and wear now looks and an already solid beginning to the outerwear season, we believe Lands' End is positioned, with comparison beginning to normalize, to register strong results and increase investor interest; as such, we reiterate our Buy rating and $20 price target for LE.</li></ul>

We are reiterating our Buy rating and $20 price target, and raising our projections after Lands' End reported lower than expected 2Q results, driven by a slow start to the swim season, but raised overall EBITDA and EPS guidance, as momentum has accelerated in 3Q, the shift to more licensed products should help drive even further margin expansion, management has aggressively mitigated the impact of tariff and the company is seeing strong results in the Outfitters, 3rd Party and International segments.When combined with a continued shift to more lifestyle and wear now looks and an already solid beginning to the outerwear season, we believe Lands' End is positioned, with comparison beginning to normalize, to register strong results and increase investor interest; as such, we reiterate our Buy rating and $20 price target for LE.

LE: 2Q Review: Momentum Getting Clearer; Raising Projections; Reiterate Buy, PT

Lands' End Inc

LE: 2Q Review: Momentum Getting Clearer; Raising Projections; Reiterate Buy, PT