L Brands Inc (NYSE:LB) – Analysts at B. Riley dropped their Q3 2020 earnings per share estimates for shares of L Brands in a research note issued to investors on Thursday, November 7th. B. Riley analyst S. Anderson now anticipates that the specialty retailer will earn $0.03 per share for the quarter, down from their prior estimate of $0.04. B. Riley currently has a “Buy” rating and a $30.00 target price on the stock. B. Riley also issued estimates for L Brands’ Q1 2021 earnings at $0.15 EPS, Q2 2021 earnings at $0.25 EPS and Q4 2021 earnings at $2.12 EPS.
L Brands (NYSE:LB) last announced its quarterly earnings data on Wednesday, August 21st. The specialty retailer reported $0.24 EPS for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.05. L Brands had a negative return on equity of 74.73% and a net margin of 4.37%. The firm had revenue of $2.90 billion during the quarter, compared to analysts’ expectations of $2.95 billion. During the same quarter last year, the firm posted $0.36 earnings per share. The company’s revenue for the quarter was down 2.7% compared to the same quarter last year.
L Brands stock traded down $0.33 during mid-day trading on Friday, reaching $17.75. The stock had a trading volume of 5,220,242 shares, compared to its average volume of 5,039,532. L Brands has a fifty-two week low of $15.82 and a fifty-two week high of $38.00. The stock’s 50-day simple moving average is $17.92 and its 200-day simple moving average is $21.75. The firm has a market capitalization of $4.91 billion, a PE ratio of 6.29, a price-to-earnings-growth ratio of 0.64 and a beta of 0.77.
A number of institutional investors have recently modified their holdings of LB. ST Germain D J Co. Inc. raised its stake in shares of L Brands by 16.7% in the third quarter. ST Germain D J Co. Inc. now owns 294,554 shares of the specialty retailer’s stock valued at $5,770,000 after buying an additional 42,080 shares during the period. Davy Asset Management Ltd bought a new stake in shares of L Brands in the second quarter valued at $1,973,000. Kempen Capital Management N.V. raised its stake in shares of L Brands by 20.1% in the second quarter. Kempen Capital Management N.V. now owns 778,452 shares of the specialty retailer’s stock valued at $20,317,000 after buying an additional 130,160 shares during the period. APG Asset Management N.V. raised its stake in shares of L Brands by 19.7% in the second quarter. APG Asset Management N.V. now owns 1,541,878 shares of the specialty retailer’s stock valued at $35,338,000 after buying an additional 253,600 shares during the period. Finally, Douglas Lane & Associates LLC raised its stake in shares of L Brands by 7.9% in the third quarter. Douglas Lane & Associates LLC now owns 1,271,712 shares of the specialty retailer’s stock valued at $24,913,000 after buying an additional 93,432 shares during the period. Institutional investors and hedge funds own 69.86% of the company’s stock.
The firm also recently declared a dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st were issued a dividend of $0.32 per share. The ex-dividend date was Monday, September 30th. L Brands’s dividend payout ratio (DPR) is currently 42.55%.
About L Brands
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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