Added to YB: 2026-04-10
Pitch date: 2026-04-08
LE [bullish]
Lands' End, Inc.
+6.75%
current return
Author Info
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Company Info
Lands' End, Inc. operates as a digital retailer of apparel, swimwear, outerwear, accessories, footwear, home products, and uniforms in the United States, Europe, and internationally.
Market Cap
$310.7M
Pitch Price
$10.67
Price Target
19.83 (+86%)
Dividend
N/A
EV/EBITDA
5.62
P/E
56.19
EV/Sales
0.40
Sector
Specialty Retail
Category
value
Lands' End ($LE): Too Messy for a Screen, Too Cheap to Ignore
LE: WHP paid $300M cash for 50% of IP JV (backstopped by 13x exchange right floor = $292.5M). Add $50M net cash post-debt payoff. Total asset value $350M exceeds $311M market cap, implying $1.3B revenue biz (49% gross margin, $49M EBITDA) valued below zero. $100M buyback authorized (~30% float at current price). Post-WHP: $37M interest eliminated, FCF ~$25M/yr. Base case $19-23/share (95-128% upside). Bear case still +35%.
Read full article (17 min)