L Brands (NYSE:LB) updated its third quarter 2019 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $-0.05-0.05 for the period, compared to the Thomson Reuters consensus estimate of $0.20. L Brands also updated its FY 2019 guidance to $2.30-2.60 EPS.
A number of research firms recently commented on LB. Odeon Capital Group began coverage on L Brands in a research report on Friday, April 26th. They issued a buy rating for the company. Loop Capital lowered their price target on L Brands to $20.00 and set a sell rating for the company in a research report on Wednesday, May 15th. Zacks Investment Research lowered L Brands from a buy rating to a hold rating and set a $28.00 price target for the company. in a research report on Wednesday, July 31st. Wells Fargo & Co set a $35.00 price target on L Brands and gave the company an outperform rating in a research report on Thursday, May 23rd. Finally, Bank of America set a $30.00 price target on L Brands and gave the company a hold rating in a research report on Thursday, May 23rd. Three investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have issued a buy rating to the company’s stock. L Brands has a consensus rating of Hold and an average price target of $31.17.
NYSE LB traded up $0.41 during trading hours on Wednesday, hitting $20.33. The company had a trading volume of 6,498,997 shares, compared to its average volume of 4,675,990. L Brands has a 52 week low of $19.45 and a 52 week high of $38.00. The firm has a 50 day simple moving average of $24.76 and a 200 day simple moving average of $25.35. The firm has a market capitalization of $5.60 billion, a price-to-earnings ratio of 7.21, a PEG ratio of 0.77 and a beta of 0.69.
L Brands (NYSE:LB) last announced its quarterly earnings results on Wednesday, May 22nd. The specialty retailer reported $0.14 EPS for the quarter. The business had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.56 billion. L Brands had a negative return on equity of 74.29% and a net margin of 4.81%. The business’s quarterly revenue was up .1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.17 EPS. Sell-side analysts forecast that L Brands will post 2.4 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 23rd will be paid a $0.30 dividend. The ex-dividend date is Thursday, August 22nd. This represents a $1.20 dividend on an annualized basis and a yield of 5.90%. L Brands’s dividend payout ratio (DPR) is currently 42.55%.
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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