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, $20 price target and raising our EPS projections after Lands' End reported 3QFY24 (October) results inline with their guidance, with revenue and EPS above, and EBITDA below, Street expectations, as warmer weather in October impacted sales of outerwear and the potential for material upside.</li><li>Further, initial 4QFY24 guidance reflected revenue below Street expectations, while EPS and EBITDA were inline, as weather remained a factor and the company continues to focus on driving higher returns, including reducing the level of discounted goods.</li><li>We would use today's weakness in LE, especially for investors who can discern the material multi-year positive drivers are fully on track, as a buying opportunity, and we reiterate our Buy rating and $20 price target.</li></ul>

We are reiterating our Buy rating, $20 price target and raising our EPS projections after Lands' End reported 3QFY24 (October) results inline with their guidance, with revenue and EPS above, and EBITDA below, Street expectations, as warmer weather in October impacted sales of outerwear and the potential for material upside.Further, initial 4QFY24 guidance reflected revenue below Street expectations, while EPS and EBITDA were inline, as weather remained a factor and the company continues to focus on driving higher returns, including reducing the level of discounted goods.We would use today's weakness in LE, especially for investors who can discern the material multi-year positive drivers are fully on track, as a buying opportunity, and we reiterate our Buy rating and $20 price target.

LE: 3Q Review: Shifts Beginning to Take Hold; Reiterate Buy Rating, $20 PT

Lands' End Inc

LE: 3Q Review: Shifts Beginning to Take Hold; Reiterate Buy Rating, $20 PT