L Brands Inc. (LB) Scheduled to Post Quarterly Earnings on Thursday
L Brands Inc. (NYSE:LB) is set to issue its quarterly earnings data on Thursday, November 17th. L Brands has set its Q3 guidance at $0.40-0.45 EPS and its FY17 guidance at $3.70-3.85 EPS.Parties interested in participating in the company’s conference call can do so using this link.
L Brands (NYSE:LB) last posted its earnings results on Wednesday, August 17th. The company reported $0.70 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.11. The company earned $2.89 billion during the quarter. L Brands had a net margin of 9.73% and a negative return on equity of 150.59%. The business’s revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.68 earnings per share. On average, analysts expect L Brands to post $3.74 EPS for the current fiscal year and $4.00 EPS for the next fiscal year.
Shares of L Brands Inc. (NYSE:LB) opened at 70.34 on Tuesday. L Brands Inc. has a 12-month low of $60.00 and a 12-month high of $99.83. The company has a market capitalization of $20.12 billion, a P/E ratio of 17.14 and a beta of 0.88. The company’s 50 day moving average is $70.65 and its 200 day moving average is $71.13.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 2nd. Investors of record on Friday, November 18th will be given a $0.60 dividend. The ex-dividend date of this dividend is Wednesday, November 16th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.41%. L Brands’s dividend payout ratio is 58.68%.
A number of analysts recently weighed in on the stock. Citigroup Inc. upgraded shares of L Brands from a “neutral” rating to a “buy” rating in a research report on Monday. Vetr downgraded shares of L Brands from a “hold” rating to a “sell” rating and set a $65.46 price target on the stock. in a research report on Monday. Jefferies Group downgraded shares of L Brands from a “hold” rating to an “underperform” rating and cut their price target for the company from $70.00 to $50.00 in a research report on Monday, November 7th. MKM Partners set a $68.00 price target on shares of L Brands and gave the company a “hold” rating in a research report on Sunday, November 6th. Finally, FBR & Co set a $75.00 price target on shares of L Brands and gave the company a “hold” rating in a research report on Wednesday, November 2nd. Four equities 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 an average rating of “Hold” and an average target price of $74.98.
In related news, insider Martin P. Waters sold 45,500 shares of the business’s stock in a transaction dated Tuesday, August 23rd. The stock was sold at an average price of $77.49, for a total value of $3,525,795.00. Following the completion of the transaction, the insider now owns 13,970 shares of the company’s stock, valued at $1,082,535.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Charles Mcguigan sold 23,687 shares of the business’s stock in a transaction dated Tuesday, August 30th. The shares were sold at an average price of $76.37, for a total value of $1,808,976.19. The disclosure for this sale can be found here. 16.45% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of LB. Azimuth Capital Management LLC increased its position in L Brands by 9.1% in the second quarter. Azimuth Capital Management LLC now owns 3,000 shares of the company’s stock worth $201,000 after buying an additional 250 shares during the period. Fort L.P. acquired a new position in shares of L Brands during the second quarter valued at approximately $209,000. Alpha Cubed Investments LLC acquired a new position in shares of L Brands during the second quarter valued at approximately $217,000. Advisor Group Inc. acquired a new position in shares of L Brands during the second quarter valued at approximately $230,000. Finally, Quadrature Capital Ltd acquired a new position in shares of L Brands during the second quarter valued at approximately $275,000. 75.47% of the stock is owned by institutional investors and hedge funds.
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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