$4.68 Billion in Sales Expected for L Brands Inc (LB) This Quarter

Wall Street analysts expect L Brands Inc (NYSE:LB) to post sales of $4.68 billion for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have provided estimates for L Brands’ earnings, with estimates ranging from $4.59 billion to $4.75 billion. L Brands reported sales of $4.49 billion in the same quarter last year, which would suggest a positive year over year growth rate of 4.2%. The business is scheduled to issue its next earnings results on Wednesday, February 28th.

According to Zacks, analysts expect that L Brands will report full year sales of $4.68 billion for the current financial year, with estimates ranging from $12.40 billion to $12.58 billion. For the next fiscal year, analysts expect that the business will post sales of $12.68 billion per share, with estimates ranging from $12.16 billion to $12.99 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research 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 EPS for the quarter, meeting analysts’ consensus estimates of $0.30. L Brands had a negative return on equity of 101.19% and a net margin of 7.73%. The company had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter in the prior year, the firm earned $0.42 EPS. The company’s quarterly revenue was up 1.4% compared to the same quarter last year.

LB has been the subject of a number of recent research reports. Morgan Stanley reiterated an “overweight” rating and set a $70.00 price objective on shares of L Brands in a research report on Thursday, December 14th. Oppenheimer reiterated a “buy” rating on shares of L Brands in a research report on Thursday, October 5th. B. Riley reiterated a “buy” rating and set a $58.00 price objective on shares of L Brands in a research report on Wednesday, November 29th. Citigroup increased their price objective on L Brands from $40.00 to $45.00 and gave the company a “neutral” rating in a research report on Friday, November 3rd. Finally, Royal Bank of Canada upgraded L Brands from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $40.00 to $58.00 in a research report on Friday, November 17th. Six investment analysts have rated the stock with a sell rating, twenty have given a hold rating and twelve have issued a buy rating to the stock. L Brands has a consensus rating of “Hold” and a consensus price target of $51.63.

In related news, Director David T. Kollat purchased 9,910 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were acquired at an average cost of $50.34 per share, with a total value of $498,869.40. Following the completion of the purchase, the director now owns 158,878 shares of the company’s stock, valued at approximately $7,997,918.52. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate 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. M&T Bank Corp increased its stake in shares of L Brands by 0.3% in the second quarter. M&T Bank Corp now owns 17,171 shares of the specialty retailer’s stock worth $925,000 after acquiring an additional 53 shares during the last quarter. Thrivent Financial For Lutherans increased its stake in shares of L Brands by 3.5% in the second quarter. Thrivent Financial For Lutherans now owns 9,154 shares of the specialty retailer’s stock worth $493,000 after acquiring an additional 310 shares during the last quarter. Mutual of America Capital Management LLC increased its stake in shares of L Brands by 1.2% in the second quarter. Mutual of America Capital Management LLC now owns 29,574 shares of the specialty retailer’s stock worth $1,594,000 after acquiring an additional 364 shares during the last quarter. Miles Capital Inc. increased its stake in shares of L Brands by 2.2% in the second quarter. Miles Capital Inc. now owns 25,091 shares of the specialty retailer’s stock worth $1,352,000 after acquiring an additional 545 shares during the last quarter. Finally, Rikoon Group LLC increased its stake in shares of L Brands by 5.3% in the second quarter. Rikoon Group LLC now owns 24,697 shares of the specialty retailer’s stock worth $1,330,000 after acquiring an additional 1,250 shares during the last quarter. 78.82% of the stock is currently owned by institutional investors and hedge funds.

Shares of L Brands (NYSE:LB) opened at $50.69 on Friday. L Brands has a 52-week low of $35.00 and a 52-week high of $63.10. The company has a market capitalization of $14,310.00, a price-to-earnings ratio of 15.45, a PEG ratio of 1.37 and a beta of 0.81. The company has a debt-to-equity ratio of -5.10, a quick ratio of 0.60 and a current ratio of 1.45.

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About L Brands

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

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