Stock Buyback Program Announced by Lands' End (NASDAQ:LE)

Key Points

• Lands' End's board authorized a share repurchase program of $100.00 million, permitting repurchases of up to 28.9% of outstanding shares via open‑market purchases, a move that typically signals the board views the stock as undervalued.
• Shares rose 2.8% to $11.56 on heavy volume, with a market cap of $355.47 million, a PE of 64.23, and a 12‑month trading range of $7.65–$20.04.
• The company slightly missed quarterly estimates (EPS $0.76 vs. $0.77; revenue $462.37M vs. $471.01M) and holds a consensus analyst rating of "Hold."

Lands' End (NASDAQ:LE - Get Free Report) declared that its board has authorized a share repurchase program on Wednesday, April 1st, RTT News reports. The company plans to buyback $100.00 million in outstanding shares. This buyback authorization permits the company to repurchase up to 28.9% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Weiss Ratings reissued a "hold (c)" rating on shares of Lands' End in a research note on Monday, December 29th. Wall Street Zen cut Lands' End from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 21st. One analyst has rated the stock with a Hold rating, According to MarketBeat, Lands' End currently has a consensus rating of "Hold".

Lands' End Stock Up 2.8%

Shares of NASDAQ:LE traded up $0.32 during midday trading on Wednesday, hitting $11.56. 829,936 shares of the company's stock were exchanged, compared to its average volume of 604,658. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.61 and a quick ratio of 0.41. Lands' End has a 12 month low of $7.65 and a 12 month high of $20.04. The company has a market cap of $355.47 million, a PE ratio of 64.23 and a beta of 2.49. The stock has a 50 day moving average price of $15.97 and a 200-day moving average price of $15.56.

Lands' End (NASDAQ:LE - Get Free Report) last announced its quarterly earnings results on Thursday, March 19th. The company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.01). Lands' End had a net margin of 0.41% and a return on equity of 9.80%. The business had revenue of $462.37 million during the quarter, compared to the consensus estimate of $471.01 million. On average, sell-side analysts anticipate that Lands' End will post 0.41 EPS for the current fiscal year.

Lands' End Company Profile

Lands' End, Inc NASDAQ: LE is an American retailer specializing in casual apparel, accessories and home goods. Headquartered in Dodgeville, Wisconsin, the company sells its products through a combination of direct-to-consumer channels including e-commerce, catalogues and a network of outlet stores. Lands' End is known for its nautical-inspired designs, functional outerwear and commitment to quality fabrics.

Founded in 1963 by Gary Comer as a mail-order sailing supply business, Lands' End rapidly expanded its product offering beyond marine gear.

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