L Brands Inc (LB) Expected to Post Q4 2019 Earnings of $2.09 Per Share

L Brands Inc (NYSE:LB) – Stock analysts at KeyCorp raised their Q4 2019 earnings per share (EPS) estimates for L Brands in a research report issued to clients and investors on Thursday, February 7th. KeyCorp analyst E. Yruma now expects that the specialty retailer will post earnings per share of $2.09 for the quarter, up from their previous forecast of $2.08. KeyCorp currently has a “Sector Weight” rating on the stock. KeyCorp also issued estimates for L Brands’ Q3 2020 earnings at $0.16 EPS.

L Brands (NYSE:LB) last issued its earnings results on Monday, November 19th. The specialty retailer reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.01. The firm had revenue of $2.77 billion for the quarter, compared to analysts’ expectations of $2.70 billion. L Brands had a net margin of 5.81% and a negative return on equity of 76.28%. The business’s revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the business earned $0.30 earnings per share.

Several other analysts have also recently weighed in on LB. Zacks Investment Research cut shares of L Brands from a “buy” rating to a “hold” rating in a report on Monday, February 4th. Bank of America set a $35.00 price objective on L Brands and gave the company a “hold” rating in a research report on Tuesday, November 20th. Barclays set a $33.00 price objective on L Brands and gave the company a “hold” rating in a research report on Tuesday, November 13th. ValuEngine raised L Brands from a “strong sell” rating to a “sell” rating in a research report on Thursday, November 8th. Finally, Nomura set a $35.00 price objective on L Brands and gave the company a “hold” rating in a research report on Tuesday, November 20th. Three investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $36.89.

NYSE:LB opened at $27.12 on Monday. The firm has a market capitalization of $7.27 billion, a P/E ratio of 8.48, a P/E/G ratio of 0.89 and a beta of 0.62. L Brands has a twelve month low of $23.71 and a twelve month high of $50.53.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 8th. Stockholders of record on Friday, February 22nd will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 4.42%. The ex-dividend date of this dividend is Thursday, February 21st. L Brands’s dividend payout ratio is presently 75.00%.

In other news, Director Raymond Zimmerman sold 6,385 shares of L Brands stock in a transaction dated Wednesday, November 21st. The stock was sold at an average price of $28.33, for a total value of $180,887.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 17.32% of the stock is owned by insiders.

Large investors have recently modified their holdings of the business. Steward Partners Investment Advisory LLC grew its stake in shares of L Brands by 4.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 10,178 shares of the specialty retailer’s stock valued at $261,000 after purchasing an additional 403 shares during the period. ETF Managers Group LLC grew its stake in shares of L Brands by 20.3% during the 4th quarter. ETF Managers Group LLC now owns 3,545 shares of the specialty retailer’s stock valued at $91,000 after purchasing an additional 597 shares during the period. Daiwa Securities Group Inc. grew its stake in shares of L Brands by 7.2% during the 4th quarter. Daiwa Securities Group Inc. now owns 8,934 shares of the specialty retailer’s stock valued at $229,000 after purchasing an additional 600 shares during the period. Nissay Asset Management Corp Japan ADV grew its stake in shares of L Brands by 3.9% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 19,159 shares of the specialty retailer’s stock valued at $492,000 after purchasing an additional 724 shares during the period. Finally, Dupont Capital Management Corp grew its stake in shares of L Brands by 38.8% during the 4th quarter. Dupont Capital Management Corp now owns 3,935 shares of the specialty retailer’s stock valued at $101,000 after purchasing an additional 1,101 shares during the period. 70.34% of the stock is owned by institutional investors and hedge funds.

About L Brands

L Brands, Inc operates as a specialty retailer of women's intimate and other apparel, beauty and personal care products, home fragrance products, and accessories. The company operates in three segments: Victoria's Secret, Bath & Body Works, and Victoria's Secret and Bath & Body Works International.

Further Reading: How can investors find ex-dividend dates?

Earnings History and Estimates for L Brands (NYSE:LB)

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