L Brands’ (NYSE:LB) same store sales decreased by 4% during the month of August. L Brands’ stock rose by 0.4% in the first day of trading following the news.

LB has been the subject of several research reports. FBR & Co restated an “outperform” rating and issued a $60.00 target price on shares of L Brands in a research note on Thursday, July 27th. Jefferies Group LLC set a $35.00 target price on L Brands and gave the company a “sell” rating in a research note on Tuesday, July 4th. Credit Suisse Group set a $47.00 target price on L Brands and gave the company a “hold” rating in a research note on Wednesday, July 19th. Deutsche Bank AG reduced their target price on L Brands from $62.00 to $61.00 and set a “buy” rating for the company in a research note on Friday, May 5th. Finally, Vetr upgraded L Brands from a “strong sell” rating to a “sell” rating and set a $46.89 target price for the company in a research note on Monday, June 5th. Seven analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and ten have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $47.30.

TRADEMARK VIOLATION WARNING: “L Brands, Inc. Same Store Sales Drop by 4% in August (NYSE:LB)” was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this story on another website, it was illegally copied and reposted in violation of United States & international trademark & copyright legislation. The original version of this story can be accessed at https://www.thecerbatgem.com/2017/09/01/l-brands-inc-same-store-sales-drop-by-4-in-august-nyselb.html.

L Brands (NYSE LB) opened at 36.22 on Friday. The stock has a market capitalization of $10.39 billion, a price-to-earnings ratio of 10.63 and a beta of 0.62. L Brands has a 12 month low of $35.00 and a 12 month high of $75.94. The company has a 50-day moving average of $41.52 and a 200 day moving average of $48.40.

L Brands (NYSE:LB) last issued its quarterly earnings data on Wednesday, August 16th. The specialty retailer reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. L Brands had a net margin of 8.04% and a negative return on equity of 103.04%. The business had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $2.75 billion. During the same period last year, the company posted $0.70 EPS. The business’s revenue was down 4.7% on a year-over-year basis. On average, equities research analysts anticipate that L Brands will post $3.14 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 18th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 6.63%. L Brands’s dividend payout ratio is presently 70.38%.

Institutional investors have recently added to or reduced their stakes in the company. Commerzbank Aktiengesellschaft FI boosted its position in L Brands by 316.8% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 21,617 shares of the specialty retailer’s stock worth $1,018,000 after buying an additional 16,431 shares in the last quarter. Great West Life Assurance Co. Can boosted its position in L Brands by 0.4% in the first quarter. Great West Life Assurance Co. Can now owns 187,548 shares of the specialty retailer’s stock worth $8,823,000 after buying an additional 724 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in L Brands by 3.4% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 39,130 shares of the specialty retailer’s stock worth $1,843,000 after buying an additional 1,270 shares in the last quarter. Wells Fargo & Company MN boosted its position in L Brands by 41.1% in the first quarter. Wells Fargo & Company MN now owns 1,000,290 shares of the specialty retailer’s stock worth $47,113,000 after buying an additional 291,246 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its position in L Brands by 0.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 25,216 shares of the specialty retailer’s stock worth $1,188,000 after buying an additional 200 shares in the last quarter. 78.71% of the stock is owned by hedge funds and other institutional investors.

L Brands Company Profile

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.

Receive News & Stock Ratings for L Brands Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for L Brands Inc. and related stocks with our FREE daily email newsletter.