Jefferies Group Comments on L Brands Inc’s FY2019 Earnings (LB)

L Brands Inc (NYSE:LB) – Stock analysts at Jefferies Group lifted their FY2019 earnings per share estimates for shares of L Brands in a research report issued to clients and investors on Thursday. Jefferies Group analyst R. Konik now expects that the specialty retailer will post earnings of $2.20 per share for the year, up from their previous estimate of $2.15. Jefferies Group has a “Sell” rating and a $30.00 price objective on the stock.

L Brands (NYSE:LB) last released its earnings results 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 last year, the company earned $0.42 earnings per share. L Brands’s quarterly revenue was up 1.4% compared to the same quarter last year.

Several other research analysts also recently issued reports on the company. BMO Capital Markets set a $56.00 price target on L Brands and gave the stock a “hold” rating in a research note on Tuesday, December 19th. Morgan Stanley reaffirmed an “overweight” rating and set a $70.00 price target on shares of L Brands in a research note on Thursday, December 14th. Royal Bank of Canada raised L Brands from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from $40.00 to $58.00 in a research note on Friday, November 17th. B. Riley set a $58.00 price target on L Brands and gave the stock a “buy” rating in a research note on Thursday, November 16th. Finally, Robert W. Baird set a $60.00 price target on L Brands and gave the stock a “hold” rating in a research note on Thursday, December 28th. Six analysts have rated the stock with a sell rating, twenty have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $52.16.

L Brands (LB) traded up $0.88 during trading on Friday, reaching $48.65. The company’s stock had a trading volume of 4,766,824 shares, compared to its average volume of 4,934,851. L Brands has a 12 month low of $35.00 and a 12 month high of $63.10. The company has a current ratio of 1.45, a quick ratio of 0.60 and a debt-to-equity ratio of -5.10. The firm has a market capitalization of $13,480.00, a P/E ratio of 14.83, a P/E/G ratio of 1.28 and a beta of 0.61.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Friday, February 23rd will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 4.93%. L Brands’s dividend payout ratio (DPR) is 73.17%.

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

Several large investors have recently modified their holdings of LB. Victory Capital Management Inc. grew its holdings in shares of L Brands by 1,045.9% during the 4th quarter. Victory Capital Management Inc. now owns 1,091,745 shares of the specialty retailer’s stock worth $65,745,000 after purchasing an additional 996,468 shares during the period. American Century Companies Inc. grew its holdings in shares of L Brands by 328.4% during the 3rd quarter. American Century Companies Inc. now owns 1,240,439 shares of the specialty retailer’s stock worth $51,615,000 after purchasing an additional 950,859 shares during the period. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in shares of L Brands by 29.0% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,156,510 shares of the specialty retailer’s stock worth $172,952,000 after purchasing an additional 935,259 shares during the period. Flossbach Von Storch AG grew its holdings in shares of L Brands by 81.2% during the 3rd quarter. Flossbach Von Storch AG now owns 2,054,020 shares of the specialty retailer’s stock worth $85,468,000 after purchasing an additional 920,710 shares during the period. Finally, Alps Advisors Inc. purchased a new stake in shares of L Brands during the 4th quarter worth about $50,451,000. Institutional investors and hedge funds own 77.98% of the company’s stock.

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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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