Brokerages Anticipate L Brands Inc (LB) Will Post Quarterly Sales of $4.70 Billion
Equities analysts predict that L Brands Inc (NYSE:LB) will post sales of $4.70 billion for the current quarter, according to Zacks. Eight analysts have made estimates for L Brands’ earnings. The lowest sales estimate is $4.60 billion and the highest is $4.78 billion. L Brands reported sales of $4.49 billion in the same quarter last year, which indicates a positive year over year growth rate of 4.7%. The company is scheduled to announce its next quarterly earnings report on Wednesday, February 28th.
On average, analysts expect that L Brands will report full year sales of $4.70 billion for the current year, with estimates ranging from $12.41 billion to $12.58 billion. For the next financial year, analysts forecast that the business will post sales of $12.71 billion per share, with estimates ranging from $12.16 billion to $12.97 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for L Brands.
L Brands (NYSE:LB) last announced its quarterly earnings data on Wednesday, November 15th. The specialty retailer reported $0.30 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.30. L Brands had a net margin of 7.73% and a negative return on equity of 101.19%. The business had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.57 billion. During the same period in the prior year, the business posted $0.42 earnings per share. L Brands’s revenue was up 1.4% compared to the same quarter last year.
In other news, Director David T. Kollat purchased 9,910 shares of the business’s stock in a transaction on Monday, November 20th. The stock was purchased at an average price of $50.34 per share, for a total transaction of $498,869.40. Following the completion of the purchase, the director now directly owns 158,878 shares in the company, valued at approximately $7,997,918.52. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 16.68% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Steward Partners Investment Advisory LLC bought a new position in L Brands during the third quarter worth about $161,000. First Allied Advisory Services Inc. bought a new position in L Brands during the second quarter worth about $216,000. IFP Advisors Inc increased its position in L Brands by 52.1% during the third quarter. IFP Advisors Inc now owns 4,725 shares of the specialty retailer’s stock worth $197,000 after acquiring an additional 1,618 shares during the period. Captrust Financial Advisors bought a new position in L Brands during the second quarter worth about $261,000. Finally, Chesapeake Asset Management LLC bought a new position in L Brands during the third quarter worth about $205,000. Institutional investors own 78.68% of the company’s stock.
Shares of L Brands (LB) opened at $58.16 on Thursday. L Brands has a 12 month low of $35.00 and a 12 month high of $68.43. 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 company has a market cap of $16,904.87, a P/E ratio of 17.68, a price-to-earnings-growth ratio of 1.66 and a beta of 0.80.
The company also recently declared a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Friday, November 24th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 4.13%. The ex-dividend date was Wednesday, November 22nd. L Brands’s dividend payout ratio is currently 72.95%.
L Brands announced that its Board of Directors has approved a share repurchase plan on Monday, September 18th that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the specialty retailer to buy up to 2.2% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.
L Brands Company Profile
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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