Jefferies Group Comments on L Brands Inc’s FY2019 Earnings (LB)

L Brands Inc (NYSE:LB) – Equities research analysts at Jefferies Group upped their FY2019 earnings per share (EPS) estimates for shares of L Brands in a report issued on Thursday. Jefferies Group analyst R. Konik now forecasts that the specialty retailer will earn $2.20 per share for the year, up from their prior forecast of $2.15. Jefferies Group has a “Sell” rating and a $30.00 price objective on the stock.

L Brands (NYSE:LB) last issued its quarterly earnings data on Wednesday, November 15th. The specialty retailer reported $0.30 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.30. The business had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.57 billion. L Brands had a negative return on equity of 101.19% and a net margin of 7.73%. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.42 EPS.

A number of other brokerages have also commented on LB. Nomura increased their price objective on L Brands from $35.00 to $38.00 and gave the company a “neutral” rating in a report on Friday, November 3rd. Robert W. Baird reaffirmed a “hold” rating and issued a $60.00 target price on shares of L Brands in a report on Friday, December 22nd. Piper Jaffray Companies set a $47.00 target price on L Brands and gave the company a “hold” rating in a report on Thursday, November 16th. Buckingham Research raised their target price on L Brands from $40.00 to $50.00 and gave the company a “neutral” rating in a report on Friday, November 17th. Finally, B. Riley reaffirmed a “buy” rating and issued a $58.00 target price on shares of L Brands in a report on Thursday, November 2nd. Six analysts have rated the stock with a sell rating, twenty have given a hold rating and thirteen have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $52.16.

Shares of L Brands (LB) traded up $0.88 during midday trading on Friday, hitting $48.65. The stock had a trading volume of 4,766,824 shares, compared to its average volume of 4,934,851. The company has a debt-to-equity ratio of -5.10, a quick ratio of 0.60 and a current ratio of 1.45. The firm has a market cap of $13,480.00, a price-to-earnings ratio of 14.83, a price-to-earnings-growth ratio of 1.28 and a beta of 0.61. L Brands has a fifty-two week low of $35.00 and a fifty-two week high of $63.10.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Arrowstreet Capital Limited Partnership raised its position in L Brands by 100.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 34,100 shares of the specialty retailer’s stock valued at $2,054,000 after purchasing an additional 17,100 shares during the last quarter. Mariner Wealth Advisors LLC bought a new position in L Brands in the 4th quarter valued at $232,000. Virtu Financial LLC bought a new position in L Brands in the 4th quarter valued at $1,463,000. Tower Research Capital LLC TRC raised its position in L Brands by 182.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,110 shares of the specialty retailer’s stock valued at $128,000 after purchasing an additional 1,364 shares during the last quarter. Finally, UBS Asset Management Americas Inc. raised its position in L Brands by 2.4% in the 4th quarter. UBS Asset Management Americas Inc. now owns 720,908 shares of the specialty retailer’s stock valued at $43,413,000 after purchasing an additional 16,688 shares during the last quarter. Hedge funds and other institutional investors own 77.98% of the company’s stock.

In other L Brands news, Director David T. Kollat acquired 9,910 shares of the business’s stock in a transaction on Monday, November 20th. The stock was purchased at an average price of $50.34 per share, for a total transaction of $498,869.40. Following the transaction, the director now owns 158,878 shares in the company, valued at approximately $7,997,918.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 16.68% of the stock is owned by company insiders.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Friday, February 23rd will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 4.93%. L Brands’s dividend payout ratio (DPR) is presently 73.17%.

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About L Brands

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.

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

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