According to Zacks, “Despite posting positive earnings surprises in the past five quarters, L Brands shares have underperformed the Zacks categorized industry in the past one year. The downtrend is likely to continue as the company has trimmed its fourth-quarter fiscal 2016 earnings projections following soft December comparable-store sales. The company now projects earnings per share to be at the lower end of its guidance range of $1.85–$2.00. Moreover, the company now expects Jan 2017 comps to be flat. The competitive retail landscape and short term challenges such as adverse impact of investment in China, tough macro-economic conditions and expected sluggishness at Victoria's Secret brand are likely to hamper the company’s performance in the near term.”
LB has been the topic of several other research reports. Mizuho reaffirmed a buy rating and set a $85.00 price target on shares of L Brands in a research note on Monday, September 26th. Vetr downgraded shares of L Brands from a sell rating to a strong sell rating and set a $65.84 price target on the stock. in a research note on Wednesday, December 7th. Stifel Nicolaus dropped their price target on shares of L Brands from $90.00 to $85.00 and set a buy rating on the stock in a research note on Tuesday, November 1st. Jefferies Group set a $50.00 price target on shares of L Brands and gave the stock a sell rating in a research note on Tuesday, December 6th. Finally, FBR & Co reaffirmed a market perform rating and set a $69.00 price target (down previously from $75.00) on shares of L Brands in a research note on Tuesday, December 6th. Three research analysts have rated the stock with a sell rating, sixteen have given a hold rating and eleven have assigned a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $73.21.
Shares of L Brands (NYSE:LB) traded down 0.64% during midday trading on Tuesday, hitting $60.96. 1,871,176 shares of the stock were exchanged. L Brands has a 12-month low of $60.00 and a 12-month high of $97.35. The company has a market cap of $17.43 billion, a PE ratio of 15.34 and a beta of 0.84. The firm has a 50-day moving average price of $69.24 and a 200-day moving average price of $71.10.
L Brands (NYSE:LB) last issued its earnings results on Wednesday, November 16th. The company reported $0.42 EPS for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.02. L Brands had a net margin of 9.31% and a negative return on equity of 124.12%. The business had revenue of $2.58 billion for the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter last year, the firm posted $0.55 EPS. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. On average, equities analysts predict that L Brands will post $3.59 EPS for the current year.
Several hedge funds have recently made changes to their positions in LB. LS Investment Advisors LLC increased its stake in shares of L Brands by 18.2% in the second quarter. LS Investment Advisors LLC now owns 7,870 shares of the company’s stock worth $528,000 after buying an additional 1,214 shares in the last quarter. Skylands Capital LLC increased its stake in shares of L Brands by 346.7% in the second quarter. Skylands Capital LLC now owns 44,225 shares of the company’s stock worth $2,969,000 after buying an additional 34,325 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in shares of L Brands by 79.2% in the second quarter. Daiwa Securities Group Inc. now owns 119,833 shares of the company’s stock worth $8,044,000 after buying an additional 52,978 shares in the last quarter. Shell Asset Management Co. increased its stake in shares of L Brands by 18.7% in the second quarter. Shell Asset Management Co. now owns 37,959 shares of the company’s stock worth $2,548,000 after buying an additional 5,978 shares in the last quarter. Finally, Financial Architects Inc increased its stake in shares of L Brands by 56.4% in the second quarter. Financial Architects Inc now owns 1,749 shares of the company’s stock worth $117,000 after buying an additional 631 shares in the last quarter. Institutional investors and hedge funds own 73.51% of the company’s stock.
About L Brands
L Brands, Inc operates specialty retail business. The Company is focused on women’s intimate and other apparel, personal care and beauty categories. The Company operates through three segments: Victoria’s Secret, Bath & Body Works, and Victoria’s Secret and Bath & Body Works International. Victoria’s Secret segment includes PINK, which is the specialty retailer of women’s intimate and other apparel with collections, fragrances, supermodels and runway shows.
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