L Brands (NYSE:LB) released its quarterly earnings data on Monday. The specialty retailer reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01, Bloomberg Earnings reports. L Brands had a net margin of 6.87% and a negative return on equity of 84.14%. The company had revenue of $2.77 billion during the quarter, compared to analysts’ expectations of $2.70 billion. During the same quarter in the previous year, the company earned $0.30 earnings per share. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis.

LB opened at $34.55 on Tuesday. The stock has a market cap of $9.70 billion, a P/E ratio of 10.80, a price-to-earnings-growth ratio of 1.16 and a beta of 0.33. L Brands has a twelve month low of $25.89 and a twelve month high of $63.10.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 7th. Investors of record on Friday, November 23rd will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Wednesday, November 21st. This represents a $2.40 dividend on an annualized basis and a yield of 6.95%. L Brands’s payout ratio is presently 75.00%.

LB has been the subject of a number of recent analyst reports. KeyCorp cut their price objective on shares of L Brands from $28.00 to $25.00 and set an “underweight” rating for the company in a report on Friday, August 24th. UBS Group dropped their target price on shares of L Brands from $32.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday, August 23rd. Wedbush initiated coverage on shares of L Brands in a research report on Friday, August 10th. They issued a “neutral” rating and a $33.00 target price on the stock. Loop Capital set a $24.00 target price on shares of L Brands and gave the company a “sell” rating in a research report on Thursday, November 8th. Finally, MKM Partners lifted their target price on shares of L Brands to $34.00 and gave the company a “neutral” rating in a research report on Friday, November 9th. Three equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and ten have given a buy rating to the company. L Brands presently has a consensus rating of “Hold” and a consensus price target of $37.69.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Neuberger Berman Group LLC boosted its position in L Brands by 15.6% during the third quarter. Neuberger Berman Group LLC now owns 367,840 shares of the specialty retailer’s stock worth $11,145,000 after acquiring an additional 49,630 shares during the last quarter. Disciplined Growth Investors Inc. MN boosted its position in L Brands by 5.0% during the third quarter. Disciplined Growth Investors Inc. MN now owns 2,002,216 shares of the specialty retailer’s stock worth $60,667,000 after acquiring an additional 94,615 shares during the last quarter. Kentucky Retirement Systems acquired a new position in L Brands during the third quarter worth about $1,245,000. CI Investments Inc. acquired a new position in L Brands during the third quarter worth about $2,273,000. Finally, AQR Capital Management LLC boosted its position in L Brands by 235.8% during the third quarter. AQR Capital Management LLC now owns 152,589 shares of the specialty retailer’s stock worth $4,623,000 after acquiring an additional 107,148 shares during the last quarter. Hedge funds and other institutional investors own 70.55% of the company’s stock.

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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 for L Brands (NYSE:LB)

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