L Brands (NYSE:LB) issued an update on its fourth quarter earnings guidance on Thursday morning. 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.

Shares of L Brands (NYSE:LB) opened at $58.16 on Thursday. The company has a market cap of $16,904.87, a P/E ratio of 17.68, a PEG ratio of 1.66 and a beta of 0.80. L Brands has a one year low of $35.00 and a one year high of $68.43. The company has a debt-to-equity ratio of -5.10, a quick ratio of 0.60 and a current ratio of 1.45.

L Brands (NYSE:LB) last issued its quarterly earnings data on Wednesday, November 15th. The specialty retailer reported $0.30 EPS for the quarter, hitting analysts’ consensus estimates of $0.30. The business had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.57 billion. L Brands had a net margin of 7.73% and a negative return on equity of 101.19%. The business’s revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the company earned $0.42 EPS. research analysts forecast 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 paid a $0.60 dividend. The ex-dividend date of this dividend was Wednesday, November 22nd. This represents a $2.40 dividend on an annualized basis and a yield of 4.13%. L Brands’s dividend payout ratio is currently 72.95%.

L Brands announced that its board has initiated a share repurchase plan on Monday, September 18th that authorizes the company to repurchase $250.00 million in outstanding shares. This repurchase authorization authorizes the specialty retailer to buy up to 2.2% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

A number of equities research analysts recently issued reports on the stock. Robert W. Baird reissued a hold rating and issued a $60.00 price target on shares of L Brands in a research note on Friday, December 22nd. BMO Capital Markets set a $56.00 price target on shares of L Brands and gave the company a hold rating in a research note on Tuesday, December 19th. Telsey Advisory Group lifted their price target on shares of L Brands from $64.00 to $70.00 and gave the company an outperform rating in a research note on Tuesday. Morgan Stanley reissued an overweight rating and issued a $70.00 price target on shares of L Brands in a research note on Thursday, December 14th. Finally, CIBC reissued a hold rating and issued a $60.00 price target on shares of L Brands in a research note on Friday, December 8th. Six investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $50.92.

In related news, Director David T. Kollat acquired 9,910 shares of L Brands stock in a transaction that occurred on 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 acquisition, the director now owns 158,878 shares in the company, valued at $7,997,918.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 16.68% of the stock is currently owned by insiders.

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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.

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

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