L Brands (LB) Updates Q4 Earnings Guidance

L Brands (NYSE:LB) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share guidance of ~$2.00 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.04.

L Brands (LB) opened at $51.00 on Friday. The company has a quick ratio of 0.60, a current ratio of 1.45 and a debt-to-equity ratio of -5.10. The firm has a market cap of $16,416.54, a PE ratio of 15.50, a P/E/G ratio of 1.61 and a beta of 0.80. L Brands has a fifty-two week low of $35.00 and a fifty-two week high of $64.91.

L Brands (NYSE:LB) last issued its quarterly earnings results on Wednesday, November 15th. The specialty retailer reported $0.30 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.30. The company had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.57 billion. L Brands had a net margin of 7.73% and a negative return on equity of 101.19%. The firm’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.42 EPS. analysts predict that L Brands will post 3.14 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Friday, November 24th were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.71%. The ex-dividend date was Wednesday, November 22nd. L Brands’s dividend payout ratio (DPR) is currently 72.95%.

L Brands declared that its Board of Directors has authorized a share buyback program on Monday, September 18th that authorizes the company to repurchase $250.00 million in outstanding shares. This repurchase authorization authorizes the specialty retailer to purchase up to 2.2% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

A number of equities analysts recently weighed in on LB shares. Nomura boosted their price target on shares of L Brands from $35.00 to $38.00 and gave the stock a neutral rating in a report on Friday, November 3rd. Robert W. Baird reissued a hold rating and issued a $60.00 price target on shares of L Brands in a report on Friday, December 22nd. Piper Jaffray Companies set a $47.00 price target on shares of L Brands and gave the stock a hold rating in a report on Thursday, November 16th. Buckingham Research boosted their price target on shares of L Brands from $40.00 to $50.00 and gave the stock a neutral rating in a report on Friday, November 17th. Finally, B. Riley reissued a buy rating and issued a $58.00 price target on shares of L Brands in a report on Thursday, November 2nd. Six research analysts have rated the stock with a sell rating, twenty have given a hold rating and twelve have issued a buy rating to the company’s stock. L Brands has a consensus rating of Hold and a consensus target price of $51.54.

In related news, Director David T. Kollat purchased 9,910 shares of the firm’s stock in a transaction dated Monday, November 20th. The shares were purchased at an average cost of $50.34 per share, for a total transaction of $498,869.40. Following the completion of the transaction, the director now directly owns 158,878 shares in the company, valued at approximately $7,997,918.52. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 16.68% of the company’s stock.

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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.

Earnings History and Estimates for L Brands (NYSE:LB)

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