Stock Buybacks
By The Online Investor Staff, updated Wed., Jun. 29, 8:26 AM
| This Slide: #2 of 25 |
Slide #2. Lands' End, Inc.
Company:
Lands' End, Inc. (NASDAQ:LE)
$Amount Authorized:
$50,000,000
Buyback Details:
Lands' End, Inc. (NASDAQ: LE) announced today that its Board of Directors has authorized the repurchase of up to $50 million of the Company's common stock through February 2, 2024, the conclusion of its fiscal year 2023. Under the program, the Company may purchase its shares from time to time in the open market, in privately negotiated transactions, or by other means in accordance with federal securities laws. Simultaneously, the Company continues to explore debt refinancing options as part of its ongoing commitment to drive stockholder value.
Lands' End is a uni-channel retailer of casual clothing, accessories, footwear and home products. Co. provides products online at www.landsend.com, through its own Co. Operated stores and through third-party distribution channels. Co.'s operating segments consist of: U.S. eCommerce, Europe eCommerce, Japan eCommerce, Outfitters, Third Party, and Retail. Co.'s distribution channels include: U.S. eCommerce, which provides products through its eCommerce website; International, which provides products primarily to consumers located in Europe and Japan through eCommerce international websites and third-party affiliates; and Retail, which sells products through Co. Operated stores.
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Avg. Broker Rec.
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Hold (2.00 out of 4) 0th percentile
(ranked lower than approx. 100% of all stocks covered)
Analysts' Target Price: LE Stock Forecast Based on Zacks ABR data; powered by Xignite |
