NYSE:LB - L Brands Stock Price, Price Target & More

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$36.69 -0.45 (-1.21 %)
(As of 06/22/2018 04:00 PM ET)
Previous Close$36.69
Today's Range$36.56 - $37.40
52-Week Range$30.70 - $63.10
Volume4.11 million shs
Average Volume4.83 million shs
Market Capitalization$10.09 billion
P/E Ratio11.47
Dividend Yield6.59%
Beta0.77
L Brands logoL 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. Its products include loungewear, bras, panties, athletic attire, shower gels and lotions, aromatherapy, body care, soaps and sanitizers, handbags, jewelry, and personal care accessories. The company offers its products under the Victoria's Secret, PINK, Bath & Body Works, La Senza, Henri Bendel, C.O. Bigelow, White Barn, and other brand names. L Brands, Inc. sells its merchandise through company-owned specialty retail stores, which are primarily mall-based; through its Websites comprising VictoriasSecret.com, BathandBodyWorks.com, HenriBendel.com, and LaSenza.com; and through franchises, licenses, and wholesale partners. As of March 8, 2018, the company operated 3,071 company-owned specialty stores in the United States, Canada, the United Kingdom, Ireland, and Greater China, as well as sold its brands through approximately 800 franchised locations worldwide. The company was formerly known as Limited Brands, Inc. and changed its name to L Brands, Inc. in March 2013. L Brands, Inc. was founded in 1963 and is headquartered in Columbus, Ohio.

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Industry, Sector and Symbol

Industry Womens' clothing stores
Sub-IndustryN/A
SectorRetail/Wholesale
SymbolNYSE:LB
CUSIPN/A
Phone614-415-7000

Debt

Debt-to-Equity Ratio-5.90
Current Ratio1.56
Quick Ratio0.83

Price-To-Earnings

Trailing P/E Ratio11.47
Forward P/E Ratio13.15
P/E Growth1.13

Sales & Book Value

Annual Sales$12.63 billion
Price / Sales0.81
Cash Flow$5.1531 per share
Price / Cash7.12
Book Value($3.50) per share
Price / Book-10.48

Profitability

EPS (Most Recent Fiscal Year)$3.20
Net Income$983 million
Net Margins7.30%
Return on Equity-93.09%
Return on Assets11.09%

Miscellaneous

Employees93,200
Outstanding Shares277,200,000

L Brands (NYSE:LB) Frequently Asked Questions

What is L Brands' stock symbol?

L Brands trades on the New York Stock Exchange (NYSE) under the ticker symbol "LB."

How often does L Brands pay dividends? What is the dividend yield for L Brands?

L Brands declared a quarterly dividend on Friday, May 18th. Investors of record on Friday, June 1st will be given a dividend of $0.60 per share on Friday, June 15th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 6.54%. The ex-dividend date is Thursday, May 31st. View L Brands' Dividend History.

How will L Brands' stock buyback program work?

L Brands declared that its board has authorized a share buyback program on Thursday, March 8th 2018, which allows the company to buyback $226,900,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company's board of directors believes its stock is undervalued.

How were L Brands' earnings last quarter?

L Brands Inc (NYSE:LB) issued its quarterly earnings results on Wednesday, May, 23rd. The specialty retailer reported $0.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.15 by $0.02. The specialty retailer earned $2.63 billion during the quarter, compared to analyst estimates of $2.59 billion. L Brands had a net margin of 7.30% and a negative return on equity of 93.09%. The firm's revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.33 earnings per share. View L Brands' Earnings History.

When is L Brands' next earnings date?

L Brands is scheduled to release their next quarterly earnings announcement on Tuesday, August, 14th 2018. View Earnings Estimates for L Brands.

What guidance has L Brands issued on next quarter's earnings?

L Brands issued an update on its FY19 earnings guidance on Wednesday, May, 23rd. The company provided earnings per share (EPS) guidance of $2.70-3.00 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.01. L Brands also updated its Q2 guidance to $0.30-0.35 EPS.

What price target have analysts set for LB?

32 analysts have issued 12 month target prices for L Brands' shares. Their predictions range from $23.00 to $60.00. On average, they expect L Brands' share price to reach $43.4742 in the next year. View Analyst Ratings for L Brands.

What are Wall Street analysts saying about L Brands stock?

Here are some recent quotes from research analysts about L Brands stock:
  • 1. Guggenheim analysts commented, "We remain NEUTRAL and lower our FY18/FY19 EPS estimates. LB reported 1Q18 EPS of $0.17, $0.02 above our estimate due to a lower-than-forecast tax rate. In 1Q, sales of $2.63bn were up 7.8% YoY (as reported on 5/10 with the April sales release). Total company comp sales rose 3% in 1Q (stores -2%). The 1Q result included a 110bps gross margin decline (worse than our estimate for -80bps of contraction) and by less-than-forecast SG&A expense deleverage (160bps vs. our 190bps estimate). Op. income was $154.8mn vs. our $154.5mn estimate. VS sales increased 4% to $1.59bn (reported 5/10), while operating margin contracted 520bps to 5.2%. Total comps improved to +1% in 1Q (-1% in 4Q), but margins faced pressure from promo activity to drive traffic and investments in resetting bra franchises." (5/24/2018)
  • 2. According to Zacks Investment Research, "Despite reporting better-than-expected earnings and revenues in the final quarter of fiscal 2017, L Brands was hit primarily due to soft first quarter and fiscal 2018 view. Consequently, the stock has underperformed the industry in the past three months. Of late, the Zacks Consensus Estimate also witnessed downward revisions. Moreover, shrinking gross margin remains a major concern. Management anticipates gross margin to deteriorate year over year in the first quarter. However, the big take away from this quarter was sharp increase in revenues. Moreover, L Brands’ efforts to streamline Victoria’s Secret business, localizing assortments and enhancing direct business bode well. The company is also confident about achieving growth in the long run and anticipates annual operating income to improve by 10%. Further, the company’s foray into international markets is likely to provide long-term growth opportunities." (4/11/2018)
  • 3. FBR & Co analysts commented, "LB reported August SSS of –4%, versus FBR/consensus estimates of –3.8%/–4.4% and guidance of –LSD/–MSD. Comps were affected by about –2% due to cycling the apparel/swim product exit LY . August’s merch margin remained flat, compared to LY , driven by a positive VS and negative BBW due to more clearance. Inventories per square foot are very clean, with August down –7% YOY . LB guided September comps to –LSD, with a negative impact of –2% from apparel/swim category exits. We estimate LB September SSS to be –2.2%, versus +3.0 LY . We like the improvement in VS comp and merch margin and expect SSS to continue to improve as we cycle the swim/apparel exit and bralette ramp. We believe LB’s solid brands continue to resonate well with consumers and expect more normalized results in 2H once these pressures ease." (8/31/2017)

How were L Brands' same store sales last quarter?

L Brands same-store sales increased by 5% in the month of May. L Brands stock climbed by 0% in the first day of trading following the news.

Who are some of L Brands' key competitors?

Who are L Brands' key executives?

L Brands' management team includes the folowing people:
  • Mr. Leslie H. Wexner, Founder, Exec. Chairman, CEO & Pres (Age 81)
  • Mr. Stuart B. Burgdoerfer, Exec. VP & CFO (Age 55)
  • Mr. Charles C. McGuigan, Chief Operating Officer (Age 61)
  • Mr. Martin P. Waters, CEO & Pres of L Brands International (Age 52)
  • Mr. Nicholas P.M. Coe, CEO and Pres of Bath & Body Works (Age 55)

Has L Brands been receiving favorable news coverage?

Media headlines about LB stock have trended somewhat positive recently, Accern reports. Accern rates the sentiment of news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. L Brands earned a media sentiment score of 0.11 on Accern's scale. They also assigned media stories about the specialty retailer an impact score of 46.66 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the near future.

Who are L Brands' major shareholders?

L Brands' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.74%), American International Group Inc. (3.67%), Alecta Pensionsforsakring Omsesidigt (3.20%), Barrow Hanley Mewhinney & Strauss LLC (1.34%), Northern Trust Corp (0.97%) and The Manufacturers Life Insurance Company (0.96%). Company insiders that own L Brands stock include Allan R Tessler, Charles Mcguigan, David T Kollat, Donna James, Martin P Waters, Nicholas Coe and Stuart B Burgdoerfer. View Institutional Ownership Trends for L Brands.

Which institutional investors are selling L Brands stock?

LB stock was sold by a variety of institutional investors in the last quarter, including Alecta Pensionsforsakring Omsesidigt, Victory Capital Management Inc., New York State Common Retirement Fund, Amundi Pioneer Asset Management Inc., Barrow Hanley Mewhinney & Strauss LLC, Foresters Investment Management Company Inc., Westpac Banking Corp and Zurcher Kantonalbank Zurich Cantonalbank. Company insiders that have sold L Brands company stock in the last year include Donna James and Stuart B Burgdoerfer. View Insider Buying and Selling for L Brands.

Which institutional investors are buying L Brands stock?

LB stock was purchased by a variety of institutional investors in the last quarter, including The Manufacturers Life Insurance Company, BlackRock Inc., Makaira Partners LLC, Millennium Management LLC, Fosun International Ltd, Neuberger Berman Group LLC, Massachusetts Financial Services Co. MA and Polaris Capital Management LLC. Company insiders that have bought L Brands stock in the last two years include Allan R Tessler and David T Kollat. View Insider Buying and Selling for L Brands.

How do I buy shares of L Brands?

Shares of LB can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is L Brands' stock price today?

One share of LB stock can currently be purchased for approximately $36.69.

How big of a company is L Brands?

L Brands has a market capitalization of $10.09 billion and generates $12.63 billion in revenue each year. The specialty retailer earns $983 million in net income (profit) each year or $3.20 on an earnings per share basis. L Brands employs 93,200 workers across the globe.

How can I contact L Brands?

L Brands' mailing address is THREE LIMITED PARKWAY P.O. BOX 16000, COLUMBUS OH, 43230. The specialty retailer can be reached via phone at 614-415-7000 or via email at [email protected]


MarketBeat Community Rating for L Brands (LB)

Community Ranking:  1.9 out of 5 (star)
Outperform Votes:  593 (Vote Outperform)
Underperform Votes:  932 (Vote Underperform)
Total Votes:  1,525
MarketBeat's community ratings are surveys of what our community members think about L Brands and other stocks. Vote "Outperform" if you believe LB will outperform the S&P 500 over the long term. Vote "Underperform" if you believe LB will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 6/23/2018 by MarketBeat.com Staff

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