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, projections and $20 price target for Lands' End with the company reporting 3QFY25 (October) results before the open on Tuesday.</li><li>We believe, as the company begins to: 1) anniversary the shift to deeper levels of licensed goods/selling segments; 2) continues their focus on lifestyle driven looks and offering key solutions for their customer base (increasingly driven by customization), and 3) further expands the Outfitters uniform business, top line growth will become more obvious and, even more so, margin expansion will drive material free cash flow and EPS upside.</li><li>As such, we remain highly positive on the overall potential for LE and reiterate our Buy rating and $20 price target</li></ul>

We are reiterating our Buy rating, projections and $20 price target for Lands' End with the company reporting 3QFY25 (October) results before the open on Tuesday.We believe, as the company begins to: 1) anniversary the shift to deeper levels of licensed goods/selling segments; 2) continues their focus on lifestyle driven looks and offering key solutions for their customer base (increasingly driven by customization), and 3) further expands the Outfitters uniform business, top line growth will become more obvious and, even more so, margin expansion will drive material free cash flow and EPS upside.As such, we remain highly positive on the overall potential for LE and reiterate our Buy rating and $20 price target

LE: 3Q Preview: Opportunities Becoming More Obvious; Reiterate Buy, $20 PT

Lands' End Inc

LE: 3Q Preview: Opportunities Becoming More Obvious; Reiterate Buy, $20 PT