L Brands Inc (NYSE:LB) – Analysts at B. Riley decreased their Q2 2020 earnings per share estimates for L Brands in a research report issued on Friday, May 17th. B. Riley analyst S. Anderson now expects that the specialty retailer will post earnings of $0.26 per share for the quarter, down from their previous forecast of $0.29. B. Riley currently has a “Buy” rating and a $41.00 target price on the stock. B. Riley also issued estimates for L Brands’ Q3 2020 earnings at $0.11 EPS and FY2021 earnings at $2.79 EPS.

L Brands (NYSE:LB) last announced its quarterly earnings results on Wednesday, February 27th. The specialty retailer reported $2.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.06 by $0.08. The firm had revenue of $4.85 billion during the quarter, compared to analyst estimates of $4.90 billion. L Brands had a negative return on equity of 73.73% and a net margin of 4.86%. L Brands’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.11 earnings per share.

A number of other analysts have also issued reports on LB. Zacks Investment Research lowered L Brands from a “buy” rating to a “hold” rating in a report on Monday, February 4th. MKM Partners lowered their price target on L Brands from $29.00 to $26.00 and set a “neutral” rating for the company in a report on Thursday, February 28th. Jefferies Financial Group lowered their price target on L Brands from $21.00 to $16.00 in a report on Thursday, February 28th. Credit Suisse Group lowered their price target on L Brands from $30.00 to $25.00 and set a “neutral” rating for the company in a report on Thursday, February 28th. Finally, Wells Fargo & Co set a $42.00 price target on L Brands and gave the company a “buy” rating in a report on Thursday, February 28th. Four equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and ten have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $33.35.

Shares of NYSE LB opened at $22.31 on Monday. The company has a market capitalization of $6.18 billion, a P/E ratio of 7.91, a PEG ratio of 0.87 and a beta of 0.51. L Brands has a 52-week low of $21.70 and a 52-week high of $38.14.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $1.20 dividend on an annualized basis and a yield of 5.38%. L Brands’s dividend payout ratio is currently 42.55%.

A number of institutional investors have recently bought and sold shares of the business. Horizon Investments LLC purchased a new stake in L Brands during the first quarter worth $214,000. BlueCrest Capital Management Ltd purchased a new stake in L Brands during the first quarter worth $297,000. RMB Capital Management LLC purchased a new stake in L Brands during the first quarter worth $1,770,000. Man Group plc lifted its holdings in L Brands by 7.5% during the first quarter. Man Group plc now owns 81,792 shares of the specialty retailer’s stock worth $2,256,000 after buying an additional 5,712 shares during the period. Finally, Advisors Asset Management Inc. lifted its holdings in L Brands by 20.4% during the first quarter. Advisors Asset Management Inc. now owns 502,935 shares of the specialty retailer’s stock worth $13,871,000 after buying an additional 85,386 shares during the period. Institutional investors own 71.24% of the company’s stock.

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 and Estimates for L Brands (NYSE:LB)

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