Docoh
Loading...

LE Lands` End

Lands' End, Inc. is a leading uni-channel retailer of casual clothing, accessories, footwear and home products. It offers products online, on third party online marketplaces and through its own Company Operated stores, as well as, third-party retail locations. It's a classic American lifestyle brand with a passion for quality, legendary service and real value, and seek to deliver timeless style for women, men, kids and the home.

Company profile

Ticker
LE
Exchange
CEO
Jerome Griffith
Employees
Incorporated
Location
Fiscal year end
Former names
LANDS END INC
SEC CIK

LE stock data

(
)

Calendar

2 Jun 21
27 Jul 21
28 Jan 22
Quarter (USD)
Apr 21 Jan 21 Oct 20 Jul 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Jan 21 Jan 20 Jan 19 Feb 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Lands` End earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 38.51M 38.51M 38.51M 38.51M 38.51M 38.51M
Cash burn (monthly) (positive/no burn) 1.88M (positive/no burn) (positive/no burn) 12.9M (positive/no burn)
Cash used (since last report) n/a 5.49M n/a n/a 37.62M n/a
Cash remaining n/a 33.02M n/a n/a 886.39K n/a
Runway (months of cash) n/a 17.5 n/a n/a 0.1 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Jul 21 Jerome Griffith Common Stock Sell Dispose S Yes Yes 41.26 400 16.5K 318,472
1 Jul 21 Jerome Griffith Common Stock Sell Dispose S Yes Yes 40.78 6,200 252.84K 318,872
1 Jul 21 Jerome Griffith Common Stock Sell Dispose S Yes Yes 39.5 1,600 63.2K 325,072
1 Jul 21 Jerome Griffith Common Stock Sell Dispose S Yes Yes 38.67 1,800 69.61K 326,672
4 Jun 21 Jerome Griffith Common Stock Sell Dispose S Yes Yes 35.14 21,238 746.3K 328,472
3 Jun 21 Jerome Griffith Common Stock Sell Dispose S Yes Yes 35.03 8,762 306.93K 349,710
8 May 21 Gray Peter L Common Stock Payment of exercise Dispose F No No 24.27 2,521 61.18K 59,012
8 May 21 Gray Peter L Common Stock Option exercise Aquire M No No 0 5,684 0 61,533
8 May 21 Gray Peter L RSU Common Stock Option exercise Dispose M No No 0 5,684 0 42,339
30 Apr 21 Galvin Robert Common Stock Grant Aquire A No No 23.04 553 12.74K 8,826

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

95.6% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 115 105 +9.5%
Opened positions 25 21 +19.0%
Closed positions 15 11 +36.4%
Increased positions 29 26 +11.5%
Reduced positions 34 28 +21.4%
13F shares
Current Prev Q Change
Total value 1.8B 813.08M +121.2%
Total shares 31.53M 35.88M -12.1%
Total puts 45.3K 72.1K -37.2%
Total calls 85.6K 74.4K +15.1%
Total put/call ratio 0.5 1.0 -45.4%
Largest owners
Shares Value Change
Esl Partners 17.92M $600.02M -10.3%
Capital Research Global Investors 2.1M $52.1M 0.0%
RBS Partners 2.02M $50.12M -51.9%
Penserra Capital Management 1.8M $44.73M +6.0%
BLK Blackrock 1.24M $30.82M +20.3%
Vanguard 1.02M $25.27M +20.5%
Dimensional Fund Advisors 951.73K $23.61M -1.5%
Frontier Capital Management 653.96K $16.23M -32.3%
Petrus Trust Company, LTA 400.79K $9.94M -2.6%
STT State Street 384.42K $9.54M -8.6%
Largest transactions
Shares Bought/sold Change
RBS Partners 2.02M -2.18M -51.9%
Esl Partners 17.92M -2.07M -10.3%
Frontier Capital Management 653.96K -311.82K -32.3%
BLK Blackrock 1.24M +209.49K +20.3%
Vanguard 1.02M +172.97K +20.5%
Towerview 284K -166K -36.9%
Balyasny Asset Management 0 -156.44K EXIT
HNNA Hennessy Advisors 104.4K +104.4K NEW
Penserra Capital Management 1.8M +101.27K +6.0%
AXAHF Axa 0 -96.31K EXIT

Financial report summary

?
Risks
  • The impact of economic conditions on consumer discretionary spending and on our business-to-business customers could materially adversely affect our financial performance.
  • Our business and results of operations could be negatively impacted by natural disasters, extreme weather conditions, public health or political crises or other catastrophic events.
  • Unseasonal or severe weather conditions may adversely affect our merchandise sales.
  • Our business is seasonal in nature and any decrease in our sales or margins could have an adverse effect on our business and results of operations.
  • Increases in postage, paper and printing costs could adversely affect the costs of producing and distributing our catalog and promotional mailings which could have an adverse effect on our business and results of operations.
  • Our approach to merchandise promotions and markdowns to encourage consumer purchases could adversely affect our gross margins and results of operations.
  • Our leverage may place us at a competitive disadvantage in our industry. The agreements governing our debt contain various covenants that impose restrictions on us that may affect our ability to operate our business.
  • We may need additional financing in the future for our general corporate purposes or growth strategies and anticipate the need to refinance our long term debt and such financing may not be available on favorable terms, or at all, and may be dilutive to existing stockholders.
  • We could incur charges due to impairment of goodwill, other intangible assets and long-lived assets.
  • If customer preference for our branded merchandise and services changes or we cannot compete effectively in the apparel industry, our business and results of operations may be adversely affected.
  • The success of our business depends on our overall marketing strategies for digital marketing and direct mail catalogs and customers' use of our digital platform, including our eCommerce websites.
  • If we are unable to protect or preserve the image of our brands, our reputation and our intellectual property rights, our business may be adversely affected.
  • We rely on third parties to provide us with services in connection with certain aspects of our business, and any failure by these third parties to perform their obligations could have an adverse effect on our business and results of operations.
  • Our Company Operated stores may not be successful and as a result our business and results of operations could be adversely affected.
  • If we fail to timely and effectively obtain shipments of products from our vendors and deliver merchandise to our customers our business and operating results could be adversely affected.
  • Fluctuations and increases in the cost, availability, and quality of raw materials as well as fluctuations in other production and distribution related costs could adversely affect our business and results of operations.
  • If we do not accurately forecast our inventory needs, efficiently manage inventory levels and have proper controls to protect our inventory, our results of operations could be adversely affected.
  • Deterioration of relationships with our vendors and/or the failure of our new merchandise sourcing initiatives could have an adverse effect on our competitive position and operational results.
  • We conduct business in and rely on sources for merchandise located in foreign markets and our business may therefore be adversely affected by legal, regulatory, economic and political risks associated with international trade in those markets.
  • The United Kingdom’s exit from the European Union will continue to have uncertain effects and could adversely impact our business, results of operations and financial condition.
  • Our efforts to expand our channels and geographic reach may not be successful.
  • If we do not maintain our current information technology systems or fail to effectively implement new information technology systems, it could result in significant disruptions to our operations.
  • If we do not adequately protect against cyber security threats or maintain the security of customer, employee or company information, we could experience significant business interruption, damage to our reputation, incur substantial additional costs, and become subject to litigation.
  • ESL, whose interests may be different from the interests of other stockholders, may be able to exert substantial influence over our company.
  • Our common stock price may decline if ESL decides to sell a portion of its holdings of our common stock.
  • Potential liabilities may arise related to the Separation, which could have an adverse effect on our financial condition and our results of operations.
  • Failure to retain our executive management team and to attract qualified new personnel could adversely affect our business and results of operations.
  • Other factors may have an adverse effect on our business, results of operations and financial condition.
  • Our share price may be volatile.
  • Your percentage ownership in Lands' End may be diluted in the future.
  • Exposure to periodic litigation and other regulatory proceedings, including with respect to product liability claims. These proceedings may be affected by changes in laws and government regulations or changes in their enforcement.
  • Potential assessments for additional state taxes, which could adversely affect our business.
Management Discussion
  • Due to the impact of the COVID-19 pandemic on our financial operating results during the First Quarter 2020, we have included select comparisons to First Quarter 2019 where management has considered such comparison to be relevant to an assessment of our performance.
  • Net revenue for First Quarter 2021 was $321.3 million, an increase of $104.3 million or 48.1% compared with $217.0 million in the First Quarter 2020, and an increase of $58.9 million or 22.4% compared with $262.4 million in the First Quarter 2019.
  • U.S. eCommerce Net revenue was $203.6 million for First Quarter 2021, an increase of $64.8 million or 46.6%, from $138.8 million during the First Quarter 2020, and an increase of $37.3 million or 22.4% from $166.3 million during the First Quarter 2019. These increases in revenue were primarily driven by stronger website traffic and a higher average order value as customers reacted positively to our seasonal product assortments and digital capabilities, which drove a year over year increase in our new customers acquired and our overall customer file.  
Content analysis
?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
New words: accordion, approved, assert, Committee, comparison, drove, emotional, Euro, exacerbated, expansion, extension, feature, individual, inducement, injury, Japanese, Kohl, Listing, lost, marketplace, medical, medium, monitor, NASDAQ, OID, pain, passed, proposed, recovery, reinstated, revolving, sized, slightly, stockholder, stronger, sublimit, suffering, sustained, transportation, wholesale
Removed: account, accounted, approximate, arrangement, aspect, British, broader, client, closure, composition, concession, consumer, decline, denied, determine, dismissed, dividend, embroidered, enforceable, EOM, excluding, existed, experienced, framework, Furlough, gain, Hong, implementation, incurred, inform, issuance, Kong, landlord, lease, life, local, longer, match, methodology, modification, motion, nonvested, permitted, prejudice, prevent, rebounded, refinanced, reflective, relating, restructuring, returning, Schedule, scope, Southern, spread, subsequent, substantial, sufficient, supportable, system, trade, Treasurer, Vice, York