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

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$36.17 -0.19 (-0.52 %)
(As of 06/19/2018 12:38 PM ET)
Previous Close$36.48
Today's Range$35.80 - $36.48
52-Week Range$30.70 - $63.10
Volume237,893 shs
Average Volume5.27 million shs
Market Capitalization$10.09 billion
P/E Ratio11.27
Dividend Yield6.60%
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 Ratio11.27
Forward P/E Ratio12.96
P/E Growth1.13

Sales & Book Value

Annual Sales$12.63 billion
Price / Sales0.79
Cash Flow$5.0801 per share
Price / Cash7.12
Book Value($2.66) per share
Price / Book-13.60

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 announced a quarterly dividend on Friday, May 18th. Shareholders 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 yield of 6.64%. The ex-dividend date of this dividend is Thursday, May 31st. View L Brands' Dividend History.

How will L Brands' stock buyback program work?

L Brands declared that its Board of Directors has approved a stock buyback program on Thursday, March 8th 2018, which permits the company to repurchase $226,900,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company's management believes its shares are undervalued.

How were L Brands' earnings last quarter?

L Brands Inc (NYSE:LB) released its earnings results on Wednesday, May, 23rd. The specialty retailer reported $0.17 EPS for the quarter, beating the Zacks' consensus estimate of $0.15 by $0.02. The specialty retailer earned $2.63 billion during the quarter, compared to the consensus estimate of $2.59 billion. L Brands had a net margin of 7.30% and a negative return on equity of 93.09%. The company's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.33 EPS. 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 updated 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 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 Wall Street analysts have issued twelve-month target prices for L Brands' shares. Their predictions range from $23.00 to $60.00. On average, they expect L Brands' stock price to reach $43.7968 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 rose 5% during the month of May. L Brands stock climbed by 0% in the first full-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, Pres & CEO of International (Age 52)
  • Mr. Nicholas P.M. Coe, CEO & Pres of Bath & Body Works (Age 55)

Has L Brands been receiving favorable news coverage?

Media stories about LB stock have trended somewhat positive on Tuesday, Accern Sentiment Analysis reports. The research firm identifies negative and positive media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. L Brands earned a daily sentiment score of 0.06 on Accern's scale. They also assigned media headlines about the specialty retailer an impact score of 47.61 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the near term.

Who are L Brands' major shareholders?

L Brands' stock is owned by many different of retail and institutional investors. Top institutional investors 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 $36.17.

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:  590 (Vote Outperform)
Underperform Votes:  929 (Vote Underperform)
Total Votes:  1,519
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 6/19/2018 by MarketBeat.com Staff

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