#3 - L Brands (NYSE:LB)
Self-care took on heightened importance during the pandemic. And with brands like Bath & Body Works and Victoria’s Secret, L Brands (NYSE:LB) was in a good position to capitalize. LB stock has grown over 450% in the last 12 months.
And after a year in which the company proved it could flourish in an e-commerce environment, analysts are projecting that there may be growth ahead. LB stock was upwardly revised from 98 cents to $1.25 in advance of their first-quarter earnings report. If the company delivers on that number and comes in at or above its top-line estimate of $2.89 billion the company would show not only a year-over-year gain, but also a gain from the same quarter in 2019.
Investors should note that the company is spinning off its Victoria’s Secret and Bath & Body Works into two publicly traded companies. A previous deal to sell the Victoria’s Secret business fell through during the pandemic. At the time, Victoria’s Secret was valued at $1.1 billion.
About L Brands
L Brands, Inc engages in the retail of women's intimate and other apparel, personal care, beauty and home fragrance products. It operates through the following segments: Victoria's Secret, Bath & Body Works and Victoria's Secret and Bath & Body Works International. The Victoria's Secret segment sells women's intimate and other apparel, personal care and beauty products under the Victoria's Secret and PINK brand names.
Read More - Current Price
- $0.00
- Consensus Rating
- Reduce
- Ratings Breakdown
- 0 Buy Ratings, 1 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $31.00
