LANDS' END, INC.
LE · Retail-Family Clothing Stores · 30.7M shares · -1%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: $5M (gross $8M, SBC $4M)
Reference price $45.00 · est. market cap ~$1.4B — last insider sale, 2026-04-01 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C52Catalog/apparel retailer with a high gross margin but thin profitability, weak liquidity, and leverage.
Strengths
- High gross margin — 48.7% (87th)
- Positive free cash flow — FCF $20.4M, FCF margin 1.5%
Risks
- Thin profitability — net margin 0.4%, ROE 2.3% (20th)
- Weak liquidity/coverage — quick ratio 0.41 (20th), interest coverage 1.21
- Leverage and declining revenue — D/E 0.88, revenue -2.0%
Notable findings
- RestatementLimited Liability Company Agreement At the Closing, Lands’ End, IPCo, WHP and WHP Topco will enter into the amended and restated limited liability company agreement of IPCo (the “LLCA”), pursuant to 8-K ↗
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC
- Exec changeRecent 8-K item 5.02 8-K ↗
- Insider sellingInsider selling — 15 open-market sale(s) by 12 insider(s) (cluster of 12 insiders, ~$60M, last 6mo) Form 4 ↗
- Notable holderHeld by 4 notable fund(s): CITADEL ADVISORS LLC, STATE STREET CORP, GOLDMAN SACHS GROUP INC +1 more (as of 2026-03-31)
- Revenue declineRevenue -48.3% YoY
- New fund positionNotable fund(s) opened this quarter: CITADEL ADVISORS LLC
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
48.7%
Operating margin
3.3%
Net margin
0.4%
Return on equity
2.3%
Return on assets
0.7%
ROIC
7.6%
Revenue growth (QoQ)
-48.3%
Net-income growth
-11.6%
Debt / equity
0.9×
Net debt / EBITDA
2.6×
Interest coverage
1.2×
Current ratio
1.6×
Free cash flow
$20M
EBITDA
$74M
Tangible book value
$244M
Cash & investments
$18M
Stock comp / revenue
0.4%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-14 | Maas Kym | Tax withheld | 3.9K | $12.41 |
| 2026-06-14 | Maas Kym | Option exercise | 11K | — |
| 2026-06-14 | McLean Andrew J. | Option exercise | 74K | — |
| 2026-06-14 | McLean Andrew J. | Tax withheld | 35K | $12.41 |
| 2026-06-14 | McCRACKEN BERNARD LOUIS III | Option exercise | 4.6K | — |
| 2026-06-14 | McCRACKEN BERNARD LOUIS III | Tax withheld | 2.2K | $12.41 |
| 2026-06-14 | GRAY PETER L | Option exercise | 22K | — |
| 2026-06-14 | GRAY PETER L | Tax withheld | 11K | $12.41 |
| 2026-05-01 | Galvin Robert | Grant | 1.3K | $11.40 |
| 2026-05-01 | Parker Alicia Uhlman | Grant | 707 | $11.40 |
| 2026-04-01 | Linden Josephine | Sell | 3.5K | $45.00 |
| 2026-04-01 | Christopher Martin D. | Sell | 530 | $45.00 |
| 2026-04-01 | Christopher Martin D. | Option exercise | 5.1K | — |
| 2026-04-01 | Christopher Martin D. | Tax withheld | 1.6K | $11.56 |
| 2026-04-01 | Christopher Martin D. | Grant | 13K | — |
| 2026-04-01 | Christopher Martin D. | Tax withheld | 4.2K | $11.56 |
| 2026-04-01 | Maas Kym | Sell | 1.4K | $45.00 |
| 2026-04-01 | Maas Kym | Option exercise | 3.8K | — |
| 2026-04-01 | Maas Kym | Tax withheld | 1.3K | $11.56 |
| 2026-04-01 | Maas Kym | Grant | 13K | — |
| 2026-04-01 | Maas Kym | Tax withheld | 4.6K | $11.56 |
| 2026-04-01 | McLean Andrew J. | Sell | 17K | $45.00 |
| 2026-04-01 | McLean Andrew J. | Option exercise | 22K | — |
| 2026-04-01 | McLean Andrew J. | Tax withheld | 10K | $11.56 |
| 2026-04-01 | McLean Andrew J. | Grant | 28K | — |
| 2026-04-01 | McLean Andrew J. | Tax withheld | 13K | $11.56 |
| 2026-04-01 | GRAY PETER L | Sell | 11K | $45.00 |
| 2026-04-01 | GRAY PETER L | Option exercise | 6.6K | — |
| 2026-04-01 | GRAY PETER L | Tax withheld | 3.2K | $11.56 |
| 2026-04-01 | GRAY PETER L | Grant | 17K | — |
| 2026-04-01 | GRAY PETER L | Tax withheld | 8.6K | $11.56 |
| 2026-04-01 | McCRACKEN BERNARD LOUIS III | Sell | 3.4K | $45.00 |
| 2026-04-01 | McCRACKEN BERNARD LOUIS III | Option exercise | 5.1K | — |
| 2026-04-01 | McCRACKEN BERNARD LOUIS III | Tax withheld | 2.4K | $11.56 |
| 2026-04-01 | McCRACKEN BERNARD LOUIS III | Grant | 13K | — |
| 2026-04-01 | McCRACKEN BERNARD LOUIS III | Tax withheld | 6.2K | $11.56 |
| 2026-04-01 | LAMPERT EDWARD S | Sell | 1.3M | $45.00 |
| 2026-04-01 | Parker Alicia Uhlman | Sell | 288 | $45.00 |
| 2026-04-01 | MCCLAIN JOHN | Sell | 832 | $45.00 |
| 2026-04-01 | MCCLAIN JOHN | Sell | 8 | $45.00 |
| 2026-04-01 | LEYKUM ELIZABETH | Sell | 935 | $45.00 |
| 2026-04-01 | Galvin Robert | Sell | 2.5K | $45.00 |
| 2026-04-01 | Galvin Robert | Sell | 266 | $45.00 |
| 2026-04-01 | Galvin Robert | Sell | 152 | $45.00 |
| 2026-04-01 | Hartogensis Gordon | Sell | 752 | $45.00 |
| 2026-03-24 | Maas Kym | Tax withheld | 1.8K | $12.56 |
| 2026-03-24 | McLean Andrew J. | Option exercise | 27K | — |
| 2026-03-24 | McLean Andrew J. | Tax withheld | 13K | $12.56 |
| 2026-03-24 | McCRACKEN BERNARD LOUIS III | Option exercise | 16K | — |
| 2026-03-24 | McCRACKEN BERNARD LOUIS III | Tax withheld | 5.2K | $12.56 |
| 2026-03-24 | GRAY PETER L | Option exercise | 6.8K | — |
| 2026-03-24 | GRAY PETER L | Tax withheld | 2.3K | $12.56 |
| 2026-03-24 | Christopher Martin D. | Option exercise | 5.2K | — |
| 2026-03-24 | Christopher Martin D. | Tax withheld | 1.6K | $12.56 |
| 2026-03-24 | Maas Kym | Option exercise | 5.2K | — |
| 2026-03-05 | GRAY PETER L | Grant | 23K | — |
| 2026-03-05 | Maas Kym | Grant | 12K | — |
| 2026-03-05 | Maas Kym | Tax withheld | 4.4K | $16.24 |
| 2026-03-05 | GRAY PETER L | Tax withheld | 8.1K | $16.24 |
| 2026-03-05 | McLean Andrew J. | Grant | 78K | — |
| 2026-03-05 | McLean Andrew J. | Tax withheld | 37K | $16.24 |
| 2026-03-05 | McCRACKEN BERNARD LOUIS III | Grant | 4.9K | — |
| 2026-03-05 | McCRACKEN BERNARD LOUIS III | Tax withheld | 1.8K | $16.24 |
| 2026-02-17 | McLean Andrew J. | Option exercise | 84K | $10.81 |
| 2026-02-17 | McLean Andrew J. | Tax withheld | 63K | $18.32 |
| 2026-01-30 | Galvin Robert | Grant | 862 | $17.76 |
| 2026-01-30 | Hartogensis Gordon | Grant | 1.7K | $17.76 |
| 2026-01-30 | Parker Alicia Uhlman | Grant | 378 | $17.76 |
| 2026-01-26 | McLean Andrew J. | Option exercise | 42K | $10.81 |
| 2026-01-26 | McLean Andrew J. | Tax withheld | 29K | $20.00 |
| 2026-01-26 | McLean Andrew J. | Tax withheld | 31K | $17.54 |
| 2026-01-26 | McLean Andrew J. | Option exercise | 42K | $10.81 |
| 2025-11-01 | McLean Andrew J. | Option exercise | 58K | — |
| 2025-11-01 | McLean Andrew J. | Tax withheld | 27K | $15.74 |
| 2025-10-31 | Galvin Robert | Grant | 972 | $15.74 |
| 2025-10-31 | Parker Alicia Uhlman | Grant | 426 | $15.74 |
| 2025-10-31 | Hartogensis Gordon | Grant | 1.9K | $15.74 |
| 2025-08-01 | Galvin Robert | Grant | 1.3K | $11.53 |
| 2025-08-01 | Hartogensis Gordon | Grant | 2.7K | $11.53 |
| 2025-08-01 | Parker Alicia Uhlman | Grant | 582 | $11.53 |
| 2025-06-14 | McCRACKEN BERNARD LOUIS III | Option exercise | 2.3K | — |
| 2025-06-14 | GRAY PETER L | Option exercise | 11K | — |
| 2025-06-14 | GRAY PETER L | Tax withheld | 3.7K | $8.86 |
| 2025-06-14 | McCRACKEN BERNARD LOUIS III | Tax withheld | 744 | $8.86 |
| 2025-06-14 | McLean Andrew J. | Option exercise | 37K | — |
| 2025-06-14 | McLean Andrew J. | Tax withheld | 17K | $8.86 |
| 2025-06-14 | Maas Kym | Option exercise | 5.6K | — |
| 2025-06-14 | Maas Kym | Tax withheld | 1.9K | $8.86 |
| 2025-05-02 | Galvin Robert | Grant | 1.8K | $8.58 |
| 2025-05-02 | Hartogensis Gordon | Grant | 3.6K | $8.58 |
| 2025-05-02 | Parker Alicia Uhlman | Grant | 783 | $8.58 |
| 2025-04-01 | Rieger Angela S. | Option exercise | 4.9K | — |
| 2025-04-01 | Rieger Angela S. | Tax withheld | 1.3K | $10.47 |
| 2025-04-01 | McLean Andrew J. | Option exercise | 22K | — |
| 2025-04-01 | McLean Andrew J. | Tax withheld | 7.1K | $10.47 |
| 2025-04-01 | McCRACKEN BERNARD LOUIS III | Option exercise | 5.1K | — |
| 2025-04-01 | McCRACKEN BERNARD LOUIS III | Tax withheld | 1.6K | $10.47 |
| 2025-04-01 | Christopher Martin D. | Option exercise | 5.1K | — |
| 2025-04-01 | Christopher Martin D. | Tax withheld | 1.6K | $10.47 |
| 2025-04-01 | GRAY PETER L | Option exercise | 6.6K | — |
| 2025-04-01 | GRAY PETER L | Tax withheld | 2.2K | $10.47 |
| 2025-03-18 | McCRACKEN BERNARD LOUIS III | Option exercise | 1.9K | — |
| 2025-03-18 | McCRACKEN BERNARD LOUIS III | Tax withheld | 696 | $11.13 |
| 2025-03-18 | Rieger Angela S. | Option exercise | 4.5K | — |
| 2025-03-18 | Rieger Angela S. | Tax withheld | 1.5K | $11.13 |
| 2025-03-18 | GRAY PETER L | Option exercise | 7.9K | — |
| 2025-03-18 | GRAY PETER L | Tax withheld | 2.8K | $11.13 |
| 2025-01-31 | Galvin Robert | Grant | 1.3K | $12.45 |
| 2025-01-31 | Parker Alicia Uhlman | Grant | 647 | $12.45 |
All non-derivative Form 4 activity (SEC), newest first.
Supply chain
Customers (0)
Suppliers (2)
- Blue Torch Capital
- Wells Fargo, N.A.
Named in the 10-K; linked when we track them.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-09 | ResultsReg FDExhibits | filing ↗ |
| 2026-05-07 | Shareholder vote | filing ↗ |
| 2026-04-01 | OtherExhibits | filing ↗ |
| 2026-04-01 | Material agreement1.02Acquisition/disposition3.02Reg FDExhibits | filing ↗ |
| 2026-03-19 | ResultsExhibits | filing ↗ |
| 2026-03-11 | Exec/director change | filing ↗ |
| 2026-01-26 | Reg FDExhibits | filing ↗ |
| 2026-01-26 | Material agreement3.02Exhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-09 | 2026-06-09 | 0001193125-26-262940 ↗ |
| 10-Q | 2026-06-09 | 2026-05-01 | 0001193125-26-263736 ↗ |
| 8-K | 2026-05-07 | 2026-05-07 | 0001193125-26-212234 ↗ |
| 8-K | 2026-04-01 | 2026-04-01 | 0001104659-26-038270 ↗ |
| 8-K | 2026-04-01 | 2026-04-01 | 0001104659-26-038276 ↗ |
| 10-K | 2026-03-26 | 2026-01-30 | 0001193125-26-126210 ↗ |
| 8-K | 2026-03-19 | 2026-03-19 | 0001193125-26-115102 ↗ |
| 8-K | 2026-03-11 | 2026-03-05 | 0001104659-26-026386 ↗ |
| 8-K | 2026-01-26 | 2026-01-26 | 0001104659-26-006603 ↗ |
| 8-K | 2026-01-26 | 2026-01-26 | 0001104659-26-006449 ↗ |
| 10-Q | 2025-12-09 | 2025-10-31 | 0001193125-25-312757 ↗ |
| 8-K | 2025-12-09 | 2025-12-09 | 0001193125-25-311873 ↗ |