Lands' End, Inc. (LE) Stock

Lands' End, Inc. (LE) is a Consumer Discretionary stock trading at $12.04 (as of 2026-08-20), with a market capitalization of $370.27M and a trailing P/E of 1.1. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Lands' End, Inc. operates as a uni-channel retailer of casual clothing, accessories, footwear, and home products in the United States, Europe, Asia, and internationally. It operates through U.S. eCommerce, Europe eCommerce, Japan eCommerce, Outfitters, Third Party, and Retail segments. The company sells its products online through e-commerce, company operated stores, as well as through third party distribution channels under the Lands' End, Let's Get Comfy, Lands' End Lighthouse, Square Rigger, Squall, Super-T, Drifter, Outrigger, Marinac, Beach Living, as well as Supima, No-Gape, Starfish, Iron Knees, Hyde Park, Year' Rounder, ClassMate, Willis & Geiger, and ThermaCheck brands. As of January 28, 2022, it operated 30 stores. Lands' End, Inc. was founded in 1963 and is headquartered in Dodgeville, Wisconsin.

Understand Lands' End, Inc.: how it makes money

Lands' End sells casual clothing, accessories, footwear, and home products through its eCommerce channels, company-operated stores, and third-party distribution channels, earning net revenue from these direct and partner sales.

Even though Lands' End reports a 54.4% gross margin, it also reports an operating margin of -21.5%, so the dominant driver of profitability is whether operating costs and other operating items can be kept below gross profit.

Revenue by segment (latest quarter)
US eCom	$0.1B
Outfitters	$0.0B
Retail	$0.0B

Business quality (Weak): The latest period shows strong reported gross profitability but a significant operating loss, so the key question for investors is operating cost discipline and how well the sales channels perform alongside inventory and retention metrics.

Valuation: At 1× earnings, LE trades 94% below the Retail average (19×). Note: one-time items can distort reported P/E.

Bull case

Strong reported product gross profitability: Gross margin is 54.4% in the latest period, which indicates the company is generating gross profit on sales even when operating results are negative.
Retention and customer base indicators: Customer Retention Rate is 55%, and the Customer Buyer File is 7,000,000 (unit not specified), supporting the idea that Lands' End can keep customers engaged.

Bear case

Operating loss despite positive gross margin: Operating margin is -21.5% in the latest period, meaning operating expenses and other operating items exceed gross profit.
Inventory remains an active management focus: Inventory reduction (Year over Year) is 21%, and inventory improvement indicators are reported, suggesting inventory management is important to performance.

Valuation — source: SEC EDGAR (first-party)
Price	$12.04
Market Cap	$370.27M
P/E Ratio	1.1
EV / EBITDA	92.8
Price / Book	0.74
Price / Sales	0.38
FCF Yield	-46.2%
DCF Value (model)	$5.08
DCF Upside vs Price	-57.8%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$1.16B
Net Margin	0.5%
Revenue Growth (YoY)	0.7%
EPS Growth (YoY)	-10.0%
FCF Growth (YoY)	32.7%

Financial Health — source: SEC EDGAR
Altman Z-Score	2.23 (grey)
Piotroski F-Score	7/9 (strong)

Valuation vs Sector & Industry
Stock P/E	1.1
Sector P/E (Consumer Discretionary)	20.5
Industry P/E (Retail)	19.5
vs Sector	-94.4%
vs Industry	-94.1%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	DIMENSIONAL FUND ADVISORS LP ($13.20M)
Institutional Holders Tracked	10

Company
Sector	Consumer Discretionary
Industry	Retail
CEO	Andrew J. McLean
Employees	2,432
Country	US
IPO Date	2014-03-20

Related Companies (Business model: Brick-and-Mortar Retail (incl. Omnichannel); 8 closest by market cap; US-domiciled)

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.