Here’s Why You Should Consider Buying Lands’ End (LE) Shares

Sterling Partners Equity Advisors, an investment management firm, published its fourth-quarter 2021 investor letter – a copy of which can be seen here. The Fund owns well-capitalized companies that earn good returns over cycles. They sell differentiated products and services that serve a niche, with a “moat” to quote Morningstar, and the fund buys them at what they believe are attractive prices. The fund will be looking for more of them in 2022. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

Sterling Partners Equity Advisors, in its Q4 2021 investor letter, mentioned Lands’ End, Inc. (NASDAQ:LE) and discussed its stance on the firm. Founded in 1963, Lands’ End, Inc. (NASDAQ:LE) is a Dodgeville, Wisconsin-based clothing company with a $572.9 million market capitalization, and is currently spearheaded by its CEO, Jerome Griffith. Lands’ End, Inc. (NASDAQ:LE) delivered a -11.51% return since the beginning of the year, while its 12-month returns are down by -31.18%. The stock closed at $17.37 per share on March 25, 2022.

Here is what Sterling Partners Equity Advisors has to say about Lands’ End, Inc. (NASDAQ:LE) in its Q4 2021 investor letter:

“Lands’ End is a retailer of casual clothing, accessories, footwear, and home products. Management believes they continue to deliver on its digitally led business model and are navigating the global supply chain challenges well. The company is focused on four pillars’ product, digital, uni-channel distribution, and infrastructure. Our thesis is that Lands’ End will continue to increase the number of online purchases versus physical store sales.”

Photo by Keagan Henman on Unsplash

Our calculations show that Lands’ End, Inc. (NASDAQ:LE) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. Lands’ End, Inc. (NASDAQ:LE) was in 15 hedge fund portfolios at the end of the fourth quarter of 2021, compared to 14 funds in the previous quarter. Lands’ End, Inc. (NASDAQ:LE) delivered a -8.87% return in the past 3 months. You can find other letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q4 page.

Disclosure: None. This article is originally published at Insider Monkey.