L Brands Inc. to Post Q1 2018 Earnings of $0.59 Per Share, FBR & Co Forecasts (LB)
L Brands Inc. (NYSE:LB) – Stock analysts at FBR & Co raised their Q1 2018 EPS estimates for shares of L Brands in a report released on Thursday. FBR & Co analyst S. Anderson now anticipates that the firm will earn $0.59 per share for the quarter, up from their prior forecast of $0.57. FBR & Co also issued estimates for L Brands’ Q2 2018 earnings at $0.73 EPS and Q3 2018 earnings at $0.50 EPS.
L Brands (NYSE:LB) last announced its earnings results on Wednesday, November 16th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.02. L Brands had a negative return on equity of 137.81% and a net margin of 9.31%. The business earned $2.58 billion during the quarter, compared to analyst estimates of $2.57 billion. During the same quarter in the previous year, the business earned $0.55 earnings per share. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year.
LB has been the subject of several other research reports. Wedbush restated a “neutral” rating and set a $65.00 price target on shares of L Brands in a research report on Sunday, September 4th. Citigroup Inc. upgraded shares of L Brands from a “neutral” rating to a “buy” rating and upped their price target for the stock from $74.00 to $84.00 in a research report on Monday, November 14th. Zacks Investment Research upgraded shares of L Brands from a “hold” rating to a “buy” rating and set a $87.00 price target for the company in a research report on Monday, August 22nd. Vetr upgraded shares of L Brands from a “buy” rating to a “strong-buy” rating and set a $73.19 price target for the company in a research report on Thursday, November 3rd. Finally, Mizuho upped their price target on shares of L Brands from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, August 18th. Four research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eleven have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $74.62.
Shares of L Brands (NYSE:LB) traded up 1.151% during mid-day trading on Monday, hitting $71.645. The company had a trading volume of 1,467,256 shares. The firm has a market capitalization of $20.49 billion, a price-to-earnings ratio of 18.033 and a beta of 0.88. The firm has a 50-day moving average price of $70.20 and a 200 day moving average price of $70.66. L Brands has a 52-week low of $60.00 and a 52-week high of $99.83.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Chevy Chase Trust Holdings Inc. increased its stake in shares of L Brands by 0.4% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 218,403 shares of the company’s stock valued at $14,662,000 after buying an additional 872 shares during the last quarter. Exxonmobil Investment Management Inc. TX increased its stake in shares of L Brands by 5.6% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 65,490 shares of the company’s stock valued at $4,396,000 after buying an additional 3,476 shares during the last quarter. DNB Asset Management AS increased its stake in shares of L Brands by 2.0% in the second quarter. DNB Asset Management AS now owns 20,059 shares of the company’s stock valued at $1,347,000 after buying an additional 400 shares during the last quarter. Alecta Pensionsforsakring Omsesidigt increased its stake in shares of L Brands by 8.2% in the second quarter. Alecta Pensionsforsakring Omsesidigt now owns 10,803,000 shares of the company’s stock valued at $725,421,000 after buying an additional 815,000 shares during the last quarter. Finally, New England Research & Management Inc. increased its stake in shares of L Brands by 50.6% in the second quarter. New England Research & Management Inc. now owns 6,250 shares of the company’s stock valued at $420,000 after buying an additional 2,100 shares during the last quarter. Institutional investors own 76.29% of the company’s stock.
In other L Brands news, COO Charles Mcguigan sold 23,687 shares of L Brands stock in a transaction on Tuesday, August 30th. The shares were sold at an average price of $76.37, for a total value of $1,808,976.19. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 16.45% of the company’s stock.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 2nd. Investors of record on Friday, November 18th will be paid a dividend of $0.60 per share. The ex-dividend date is Wednesday, November 16th. This represents a $2.40 annualized dividend and a yield of 3.39%. L Brands’s dividend payout ratio is currently 60.61%.
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L Brands Company Profile
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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