L Brands Inc (NYSE:LB) – Equities research analysts at B. Riley increased their FY2019 earnings per share estimates for L Brands in a research note issued to investors on Thursday, December 6th. B. Riley analyst S. Anderson now forecasts that the specialty retailer will earn $2.75 per share for the year, up from their prior estimate of $2.74. B. Riley currently has a “Buy” rating and a $44.00 target price on the stock. B. Riley also issued estimates for L Brands’ Q4 2019 earnings at $2.08 EPS and FY2020 earnings at $3.07 EPS.

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

A number of other equities analysts have also commented on the stock. Bank of America raised shares of L Brands from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $26.00 to $33.00 in a research note on Tuesday, September 18th. Wells Fargo & Co raised shares of L Brands from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $30.00 to $55.00 in a research note on Monday, November 12th. ValuEngine raised shares of L Brands from a “strong sell” rating to a “sell” rating in a research note on Saturday, September 22nd. Goldman Sachs Group initiated coverage on shares of L Brands in a research note on Thursday, October 25th. They issued a “buy” rating and a $36.00 price objective for the company. Finally, Zacks Investment Research lowered shares of L Brands from a “hold” rating to a “sell” rating in a research note on Friday, August 31st. Three analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $38.39.

L Brands stock opened at $33.40 on Friday. L Brands has a 52 week low of $25.89 and a 52 week high of $63.10. The company has a market capitalization of $9.08 billion, a P/E ratio of 11.79, a PEG ratio of 1.08 and a beta of 0.32.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Friday, November 23rd will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 7.19%. The ex-dividend date of this dividend is Wednesday, November 21st. L Brands’s dividend payout ratio (DPR) is currently 75.00%.

In other L Brands news, Director Raymond Zimmerman sold 6,385 shares of L Brands stock in a transaction on Wednesday, November 21st. The shares were sold at an average price of $28.33, for a total transaction of $180,887.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 17.32% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Piedmont Investment Advisors LLC acquired a new stake in shares of L Brands in the 2nd quarter valued at $104,000. Gradient Investments LLC acquired a new stake in shares of L Brands in the 2nd quarter valued at $109,000. Private Capital Group LLC raised its holdings in L Brands by 6,777.3% in the 2nd quarter. Private Capital Group LLC now owns 3,026 shares of the specialty retailer’s stock worth $111,000 after acquiring an additional 2,982 shares during the period. Salem Investment Counselors Inc. bought a new position in L Brands in the 3rd quarter worth $130,000. Finally, USAdvisors Wealth Management LLC bought a new position in L Brands in the 3rd quarter worth $208,000. 71.96% of the stock is 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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Earnings History and Estimates for L Brands (NYSE:LB)

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