Wall Street brokerages expect L Brands Inc (NYSE:LB) to post $0.19 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Nine analysts have issued estimates for L Brands’ earnings. The lowest EPS estimate is $0.15 and the highest is $0.23. L Brands posted earnings per share of $0.36 in the same quarter last year, which would indicate a negative year-over-year growth rate of 47.2%. The company is scheduled to announce its next earnings results after the market closes on Wednesday, August 21st.
On average, analysts expect that L Brands will report full-year earnings of $2.40 per share for the current financial year, with EPS estimates ranging from $2.00 to $2.57. For the next fiscal year, analysts anticipate that the company will post earnings of $2.56 per share, with EPS estimates ranging from $1.50 to $2.95. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that cover L Brands.
L Brands (NYSE:LB) last issued its quarterly earnings results on Wednesday, May 22nd. The specialty retailer reported $0.14 earnings per share for the quarter. The company had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.56 billion. L Brands had a negative return on equity of 74.29% and a net margin of 4.81%. The business’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.17 earnings per share.
A number of analysts have issued reports on the company. Bank of America set a $30.00 target price on L Brands and gave the stock a “hold” rating in a research report on Thursday, May 23rd. Wells Fargo & Co set a $35.00 price objective on L Brands and gave the company an “outperform” rating in a research note on Thursday, May 23rd. Odeon Capital Group assumed coverage on L Brands in a research note on Friday, April 26th. They set a “buy” rating for the company. Loop Capital decreased their price objective on L Brands to $20.00 and set a “sell” rating on the stock in a report on Wednesday, May 15th. Finally, Zacks Investment Research downgraded L Brands from a “buy” rating to a “hold” rating and set a $28.00 price objective on the stock. in a report on Wednesday, July 31st. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. L Brands currently has an average rating of “Hold” and an average target price of $31.17.
NYSE:LB traded up $0.67 on Friday, hitting $20.36. The stock had a trading volume of 4,880,321 shares, compared to its average volume of 4,648,101. The business’s fifty day moving average is $25.25 and its 200 day moving average is $25.46. The company has a market cap of $5.62 billion, a PE ratio of 7.22, a P/E/G ratio of 0.86 and a beta of 0.69. L Brands has a 52 week low of $19.45 and a 52 week high of $38.00.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 23rd will be given a $0.30 dividend. The ex-dividend date of this dividend is Thursday, August 22nd. This represents a $1.20 annualized dividend and a yield of 5.89%. L Brands’s dividend payout ratio (DPR) is presently 42.55%.
A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its position in L Brands by 5.1% in the 2nd quarter. BlackRock Inc. now owns 19,944,437 shares of the specialty retailer’s stock valued at $520,550,000 after acquiring an additional 970,548 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in L Brands by 0.3% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 5,029,483 shares of the specialty retailer’s stock valued at $131,270,000 after acquiring an additional 13,038 shares in the last quarter. Skandinaviska Enskilda Banken AB publ lifted its position in L Brands by 31.2% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 4,962,678 shares of the specialty retailer’s stock valued at $129,526,000 after acquiring an additional 1,180,198 shares in the last quarter. Renaissance Technologies LLC lifted its position in L Brands by 117.5% in the 2nd quarter. Renaissance Technologies LLC now owns 4,401,433 shares of the specialty retailer’s stock valued at $114,877,000 after acquiring an additional 2,377,700 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in L Brands by 3.3% in the 4th quarter. Geode Capital Management LLC now owns 2,977,260 shares of the specialty retailer’s stock valued at $76,373,000 after acquiring an additional 95,224 shares in the last quarter. 68.41% of the stock is currently owned by institutional investors and hedge funds.
L Brands Company Profile
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.
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