FY2019 Earnings Forecast for L Brands Inc (LB) Issued By Wedbush

L Brands Inc (NYSE:LB) – Investment analysts at Wedbush cut their FY2019 earnings per share estimates for shares of L Brands in a research note issued on Wednesday, November 21st. Wedbush analyst J. Redding now expects that the specialty retailer will post earnings of $2.63 per share for the year, down from their previous forecast of $2.65. Wedbush currently has a “Neutral” rating and a $33.00 target price on the stock. Wedbush also issued estimates for L Brands’ Q4 2019 earnings at $1.94 EPS, Q3 2020 earnings at $0.09 EPS and FY2020 earnings at $2.60 EPS.

A number of other equities analysts have also recently weighed in on LB. Bank of America set a $35.00 price target on shares of L Brands and gave the stock a “hold” rating in a research note on Tuesday, November 20th. Zacks Investment Research cut shares of L Brands from a “buy” rating to a “hold” rating in a research note on Monday, November 19th. Barclays set a $33.00 price target on shares of L Brands and gave the stock a “hold” rating in a research note on Tuesday, November 13th. Nomura set a $35.00 price target on shares of L Brands and gave the stock a “hold” rating in a research note on Tuesday, November 20th. Finally, Robert W. Baird lowered their price target on shares of L Brands from $45.00 to $40.00 and set an “outperform” rating on the stock in a research note on Thursday, August 23rd. Three investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $38.39.

NYSE:LB opened at $29.97 on Monday. L Brands has a fifty-two week low of $25.89 and a fifty-two week high of $63.10. The firm has a market cap of $8.24 billion, a PE ratio of 9.37, a P/E/G ratio of 0.98 and a beta of 0.33.

L Brands (NYSE:LB) last posted its quarterly earnings results on Monday, November 19th. The specialty retailer reported $0.16 earnings per share for the quarter, topping the Zacks’ 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 business had revenue of $2.77 billion for the quarter, compared to analysts’ expectations of $2.70 billion. During the same period in the prior year, the company posted $0.30 EPS. The business’s revenue for the quarter was up 6.0% on a year-over-year basis.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Investors of record on Friday, November 23rd will be paid a $0.60 dividend. The ex-dividend date is Wednesday, November 21st. This represents a $2.40 dividend on an annualized basis and a yield of 8.01%. L Brands’s payout ratio is 75.00%.

A number of large investors have recently added to or reduced their stakes in LB. Ironwood Investment Counsel LLC lifted its holdings in shares of L Brands by 27.7% during the 3rd quarter. Ironwood Investment Counsel LLC now owns 19,238 shares of the specialty retailer’s stock worth $582,000 after acquiring an additional 4,177 shares during the period. Brandes Investment Partners LP lifted its holdings in shares of L Brands by 275.8% during the 2nd quarter. Brandes Investment Partners LP now owns 58,156 shares of the specialty retailer’s stock worth $2,145,000 after acquiring an additional 42,680 shares during the period. Bank of America Corp DE lifted its holdings in shares of L Brands by 55.2% during the 2nd quarter. Bank of America Corp DE now owns 651,871 shares of the specialty retailer’s stock worth $24,042,000 after acquiring an additional 231,777 shares during the period. Mackay Shields LLC lifted its holdings in shares of L Brands by 41.2% during the 2nd quarter. Mackay Shields LLC now owns 288,148 shares of the specialty retailer’s stock worth $10,627,000 after acquiring an additional 84,013 shares during the period. Finally, Steward Partners Investment Advisory LLC lifted its holdings in shares of L Brands by 23.7% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 8,231 shares of the specialty retailer’s stock worth $304,000 after acquiring an additional 1,578 shares during the period. Institutional investors own 70.55% 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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