Wall Street analysts expect L Brands Inc (NYSE:LB) to post earnings per share of $2.04 for the current quarter, according to Zacks. Six analysts have issued estimates for L Brands’ earnings, with estimates ranging from $2.00 to $2.05. L Brands reported earnings per share of $2.03 during the same quarter last year, which would indicate a positive year over year growth rate of 0.5%. The business is scheduled to issue its next earnings report after the market closes on Wednesday, February 28th.
According to Zacks, analysts expect that L Brands will report full year earnings of $3.14 per share for the current year, with EPS estimates ranging from $3.10 to $3.16. For the next fiscal year, analysts expect that the company will post earnings of $3.38 per share, with EPS estimates ranging from $2.20 to $3.80. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow L Brands.
LB has been the subject of a number of research reports. BMO Capital Markets set a $56.00 price objective on L Brands and gave the company a “hold” rating in a research note on Tuesday, December 19th. Morgan Stanley reaffirmed an “overweight” rating and set a $70.00 price objective on shares of L Brands in a report on Thursday, December 14th. Royal Bank of Canada raised L Brands from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $40.00 to $58.00 in a report on Friday, November 17th. B. Riley set a $58.00 price objective on L Brands and gave the stock a “buy” rating in a report on Thursday, November 16th. Finally, Robert W. Baird set a $60.00 target price on L Brands and gave the company a “hold” rating in a report on Thursday, December 28th. Six research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $52.30.
Several hedge funds have recently bought and sold shares of LB. Tower Research Capital LLC TRC grew its stake in L Brands by 182.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,110 shares of the specialty retailer’s stock valued at $128,000 after purchasing an additional 1,364 shares in the last quarter. Gradient Investments LLC acquired a new stake in L Brands during the 4th quarter valued at approximately $153,000. Steward Partners Investment Advisory LLC acquired a new stake in L Brands during the 3rd quarter valued at approximately $161,000. IFP Advisors Inc grew its stake in L Brands by 52.1% during the 3rd quarter. IFP Advisors Inc now owns 4,725 shares of the specialty retailer’s stock valued at $197,000 after purchasing an additional 1,618 shares in the last quarter. Finally, Sciencast Management LP bought a new position in L Brands during the 4th quarter worth approximately $202,000. Institutional investors and hedge funds own 80.36% of the company’s stock.
Shares of L Brands (NYSE:LB) traded up $1.04 during midday trading on Thursday, reaching $48.36. The company’s stock had a trading volume of 1,190,512 shares, compared to its average volume of 4,496,833. The company has a debt-to-equity ratio of -5.10, a quick ratio of 0.60 and a current ratio of 1.45. L Brands has a one year low of $35.00 and a one year high of $63.10. The stock has a market capitalization of $13,382.19, a PE ratio of 14.71, a P/E/G ratio of 1.22 and a beta of 0.61.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 23rd will be paid a $0.60 dividend. The ex-dividend date is Thursday, February 22nd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.96%. L Brands’s dividend payout ratio (DPR) is currently 72.95%.
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About L Brands
L Brands, Inc operates specialty retail business. The Company is focused on women’s intimate and other apparel, personal care, beauty and home fragrance categories. Its segments include Victoria’s Secret, Bath & Body Works, and Victoria’s Secret and Bath & Body Works International. It sells its merchandise through company-owned specialty retail stores in the United States, Canada, the United Kingdom and Greater China, which are mall-based; through Websites, and through international franchise, license and wholesale partners.
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