Equities analysts predict that L Brands, Inc. (NYSE:LB) will post $0.29 earnings per share for the current fiscal quarter, according to Zacks. Nine analysts have issued estimates for L Brands’ earnings, with the highest EPS estimate coming in at $0.39 and the lowest estimate coming in at $0.25. L Brands posted earnings per share of $0.42 in the same quarter last year, which suggests a negative year over year growth rate of 31%. The company is scheduled to issue its next quarterly earnings report on Wednesday, November 15th.
On average, analysts expect that L Brands will report full-year earnings of $3.14 per share for the current fiscal year, with EPS estimates ranging from $2.95 to $3.37. For the next year, analysts expect that the company will post earnings of $3.18 per share, with EPS estimates ranging from $2.10 to $3.65. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover L Brands.
L Brands (NYSE:LB) last posted its quarterly earnings results on Wednesday, August 16th. The specialty retailer reported $0.48 EPS for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.03. The business had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.75 billion. L Brands had a negative return on equity of 103.18% and a net margin of 8.04%. The company’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period last year, the firm earned $0.70 earnings per share.
Several research analysts have recently issued reports on LB shares. Jefferies Group LLC set a $30.00 price objective on shares of L Brands and gave the stock a “sell” rating in a report on Monday, August 28th. FBR & Co restated an “outperform” rating and set a $60.00 price objective on shares of L Brands in a report on Thursday, July 27th. Credit Suisse Group set a $47.00 price objective on shares of L Brands and gave the stock a “hold” rating in a report on Wednesday, July 19th. Vetr upgraded shares of L Brands from a “strong sell” rating to a “sell” rating and set a $46.89 price objective on the stock in a report on Monday, June 5th. Finally, J P Morgan Chase & Co restated a “neutral” rating and set a $55.00 price objective (up previously from $54.00) on shares of L Brands in a report on Tuesday, June 6th. Seven equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and eleven have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $47.46.
L Brands (NYSE LB) traded up 0.32% during trading on Wednesday, reaching $40.54. The company had a trading volume of 5,677,680 shares. L Brands has a 12-month low of $35.00 and a 12-month high of $75.94. The firm has a 50-day moving average price of $39.52 and a 200 day moving average price of $47.17. The stock has a market cap of $11.51 billion, a P/E ratio of 11.90 and a beta of 0.65.
The business also recently announced a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, August 18th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 5.92%. L Brands’s payout ratio is 70.38%.
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Hedge funds and other institutional investors have recently made changes to their positions in the stock. Aviva PLC lifted its holdings in L Brands by 5.7% in the second quarter. Aviva PLC now owns 140,599 shares of the specialty retailer’s stock valued at $7,578,000 after buying an additional 7,635 shares during the period. Swiss National Bank lifted its holdings in L Brands by 2.8% in the second quarter. Swiss National Bank now owns 885,489 shares of the specialty retailer’s stock valued at $47,719,000 after buying an additional 24,300 shares during the period. Victory Capital Management Inc. lifted its holdings in L Brands by 14.3% in the second quarter. Victory Capital Management Inc. now owns 95,421 shares of the specialty retailer’s stock valued at $5,142,000 after buying an additional 11,967 shares during the period. Coronation Fund Managers Ltd. lifted its holdings in L Brands by 18.1% in the second quarter. Coronation Fund Managers Ltd. now owns 965,759 shares of the specialty retailer’s stock valued at $52,045,000 after buying an additional 148,076 shares during the period. Finally, US Bancorp DE lifted its holdings in L Brands by 11.4% in the second quarter. US Bancorp DE now owns 14,761 shares of the specialty retailer’s stock valued at $796,000 after buying an additional 1,514 shares during the period. Institutional investors and hedge funds own 79.54% of the company’s stock.
L Brands Company Profile
L Brands, Inc operates specialty retail business. The Company is focused on women’s intimate and other apparel, personal care, beauty and home fragrance categories. Its segments include Victoria’s Secret, Bath & Body Works, and Victoria’s Secret and Bath & Body Works International. It sells its merchandise through company-owned specialty retail stores in the United States, Canada, the United Kingdom and Greater China, which are mall-based; through Websites, and through international franchise, license and wholesale partners.
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