L Brands Inc (NYSE:LB) – Analysts at B. Riley raised their FY2019 earnings estimates for shares of L Brands in a report issued on Tuesday, November 20th. B. Riley analyst S. Anderson now expects that the specialty retailer will post earnings per share of $2.74 for the year, up from their previous estimate of $2.73. B. Riley currently has a “Buy” rating and a $44.00 target price on the stock. B. Riley also issued estimates for L Brands’ FY2020 earnings at $3.06 EPS.

L Brands (NYSE:LB) last posted its quarterly earnings data on Monday, November 19th. The specialty retailer reported $0.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.01. L Brands had a net margin of 5.81% and a negative return on equity of 83.62%. The company had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.70 billion. During the same quarter last year, the firm posted $0.30 EPS. The business’s revenue for the quarter was up 6.0% on a year-over-year basis.

LB has been the subject of several other research reports. Morgan Stanley restated an “equal weight” rating and set a $32.00 price objective (down previously from $56.00) on shares of L Brands in a research report on Friday, August 24th. Zacks Investment Research lowered shares of L Brands from a “hold” rating to a “sell” rating in a research report on Tuesday, August 7th. Barclays set a $31.00 price objective on shares of L Brands and gave the company a “hold” rating in a research report on Thursday, October 18th. Wells Fargo & Co upgraded shares of L Brands from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $30.00 to $55.00 in a research report on Monday, November 12th. Finally, KeyCorp upgraded shares of L Brands from an “underweight” rating to a “sector weight” rating in a research report on Thursday, November 8th. Three analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eleven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $38.16.

NYSE:LB opened at $28.43 on Wednesday. L Brands has a twelve month low of $25.89 and a twelve month high of $63.10. The stock has a market cap of $9.50 billion, a PE ratio of 8.88, a price-to-earnings-growth ratio of 1.14 and a beta of 0.33.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its position in shares of L Brands by 82.2% in the third quarter. The Manufacturers Life Insurance Company now owns 5,817,977 shares of the specialty retailer’s stock worth $176,285,000 after purchasing an additional 2,624,182 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of L Brands by 83.4% in the third quarter. Bank of New York Mellon Corp now owns 5,079,497 shares of the specialty retailer’s stock worth $153,908,000 after purchasing an additional 2,310,431 shares in the last quarter. Makaira Partners LLC lifted its position in shares of L Brands by 11.9% in the third quarter. Makaira Partners LLC now owns 3,764,372 shares of the specialty retailer’s stock worth $114,060,000 after purchasing an additional 400,000 shares in the last quarter. Northern Trust Corp lifted its position in shares of L Brands by 1.7% in the second quarter. Northern Trust Corp now owns 2,772,817 shares of the specialty retailer’s stock worth $102,261,000 after purchasing an additional 46,322 shares in the last quarter. Finally, Disciplined Growth Investors Inc. MN lifted its position in shares of L Brands by 5.0% in 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 purchasing an additional 94,615 shares in the last quarter. 70.55% of the stock is owned by institutional investors and hedge funds.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 7th. Stockholders of record on Friday, November 23rd will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 8.44%. The ex-dividend date of this dividend is Wednesday, November 21st. L Brands’s dividend payout ratio (DPR) is 75.00%.

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.

Further Reading: Correction

Earnings History and Estimates for L Brands (NYSE:LB)

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