B. Riley Weighs in on L Brands Inc’s Q1 2019 Earnings (LB)

L Brands Inc (NYSE:LB) – Analysts at B. Riley issued their Q1 2019 earnings estimates for L Brands in a note issued to investors on Tuesday. B. Riley analyst S. Anderson expects that the specialty retailer will post earnings of $0.34 per share for the quarter. B. Riley currently has a “Buy” rating and a $58.00 price objective on the stock. B. Riley also issued estimates for L Brands’ Q2 2019 earnings at $0.53 EPS, Q3 2019 earnings at $0.36 EPS, Q4 2019 earnings at $2.12 EPS and FY2019 earnings at $3.35 EPS.

L Brands (NYSE:LB) last posted its quarterly earnings results on Wednesday, November 15th. The specialty retailer reported $0.30 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.30. The company had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.57 billion. L Brands had a net margin of 7.73% and a negative return on equity of 101.19%. L Brands’s revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.42 earnings per share.

A number of other research firms also recently weighed in on LB. Robert W. Baird reaffirmed a “hold” rating and set 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 target price on shares of L Brands and gave the company a “hold” rating in a research note on Tuesday, December 19th. Telsey Advisory Group raised their target price on shares of L Brands from $64.00 to $70.00 and gave the company an “outperform” rating in a research note on Tuesday, January 2nd. Morgan Stanley reaffirmed an “overweight” rating and set a $70.00 price target on shares of L Brands in a report on Thursday, December 14th. Finally, CIBC reaffirmed a “hold” rating and set a $60.00 price target on shares of L Brands in a report on Friday, December 8th. Six investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and thirteen have given a buy rating to the company. L Brands currently has a consensus rating of “Hold” and a consensus price target of $51.86.

L Brands (NYSE LB) traded up $1.87 during trading hours on Wednesday, reaching $49.07. 2,001,910 shares of the company’s stock were exchanged, compared to its average volume of 4,704,189. The company has a debt-to-equity ratio of -5.10, a quick ratio of 0.60 and a current ratio of 1.45. The stock has a market capitalization of $12,981.38, a P/E ratio of 14.88, a P/E/G ratio of 1.20 and a beta of 0.61. L Brands has a 12 month low of $35.00 and a 12 month high of $63.10.

A number of large investors have recently added to or reduced their stakes in the stock. Thrivent Financial For Lutherans raised its stake in L Brands by 3.5% during the 2nd quarter. Thrivent Financial For Lutherans now owns 9,154 shares of the specialty retailer’s stock valued at $493,000 after purchasing an additional 310 shares during the last quarter. Rikoon Group LLC raised its stake in L Brands by 5.3% during the 2nd quarter. Rikoon Group LLC now owns 24,697 shares of the specialty retailer’s stock valued at $1,330,000 after purchasing an additional 1,250 shares during the last quarter. Hartford Investment Management Co. raised its stake in L Brands by 1.5% during the 3rd quarter. Hartford Investment Management Co. now owns 84,019 shares of the specialty retailer’s stock valued at $3,496,000 after purchasing an additional 1,271 shares during the last quarter. Hennessy Advisors Inc. raised its stake in L Brands by 3.9% during the 3rd quarter. Hennessy Advisors Inc. now owns 34,500 shares of the specialty retailer’s stock valued at $1,436,000 after purchasing an additional 1,300 shares during the last quarter. Finally, JNBA Financial Advisors raised its stake in L Brands by 25.7% during the 3rd quarter. JNBA Financial Advisors now owns 6,350 shares of the specialty retailer’s stock valued at $264,000 after purchasing an additional 1,300 shares during the last quarter. Hedge funds and other institutional investors own 77.98% of the company’s stock.

In other news, Director David T. Kollat acquired 9,910 shares of L Brands stock in a transaction dated Monday, November 20th. The stock was acquired at an average cost of $50.34 per share, for a total transaction of $498,869.40. Following the completion of the purchase, the director now owns 158,878 shares of the company’s stock, valued at $7,997,918.52. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 16.68% of the stock is owned by insiders.

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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.

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

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