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 and projections and raising our price target to $20 (from $17) after meeting with Lands' End management at their headquarters in Dodgeville, Wisconsin.</li><li>We believe management is laser focused on continuing to drive higher overall returns to the company, from shifting the product mix, lowering inventories, realizing higher pricing, focusing on features and stories to drive deeper customer interaction and loyalty, deepening licensing penetration on non-core categories, expanding internationally and driving stronger results at the Outfitters segment.</li><li>The emphasis on leveraging the highly trusted Lands' End moniker to maximize brand equity, drive higher returns and create an even more compelling lifestyle story is still in the early stages and, we believe, will drive multi-period growth.</li></ul>

We are reiterating our Buy rating and projections and raising our price target to $20 (from $17) after meeting with Lands' End management at their headquarters in Dodgeville, Wisconsin.We believe management is laser focused on continuing to drive higher overall returns to the company, from shifting the product mix, lowering inventories, realizing higher pricing, focusing on features and stories to drive deeper customer interaction and loyalty, deepening licensing penetration on non-core categories, expanding internationally and driving stronger results at the Outfitters segment.The emphasis on leveraging the highly trusted Lands' End moniker to maximize brand equity, drive higher returns and create an even more compelling lifestyle story is still in the early stages and, we believe, will drive multi-period growth.

LE: Mgmt. Meetings Confirm Positives; Raising PT to $20 (From $17); Reit. Buy

Lands' End Inc

LE: Mgmt. Meetings Confirm Positives; Raising PT to $20 (From $17); Reit. Buy