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Tap five stocks with increasing P/E ratios to try out an out-of-the-box approach. These stocks include Land's End, Humana, Rent the Runway, Becton, Dickinson and Company and ATI.
DODGEVILLE, Wis., Jan. 07, 2025 (GLOBE NEWSWIRE) -- Lands' End, Inc. (NASDAQ: LE) today announced that the Company will be participating in the 27th Annual ICR Conference, held at the Grande Lakes Orlando in Orlando, FL, on Tuesday, January 14, 2025 with a fireside chat presentation at 1:30 PM Eastern Time. Andrew McLean, Chief Executive Officer, and Bernie McCracken, Chief Financial Officer, will participate in the fireside chat.
Genesco, Lands' End and Mercury General are exhibiting strong earnings acceleration.
Lands' End, Inc. LE is in the middle of a big turnaround. This Zacks Rank #1 (Strong Buy) is expected to grow earnings by 346.7% in fiscal 2024.
Lands' End (LE) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Does Lands' End (LE) have what it takes to be a top stock pick for momentum investors? Let's find out.
Land's End's 2Q24 results showed adjusted revenue growth in US e-commerce and improved gross margins, but profits remained unchanged due to high SG&A costs. The company's market cap of $422 million seems excessive given the FY24 adjusted net income guidance of $9-15 million, leading to a Hold rating. Despite a 10% stock price increase since initiation, high customer acquisition costs and leverage issues pose significant risks, making the valuation unattractive.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Lands' End (LE) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.