FY2018 EPS Estimates for L Brands Inc Raised by B. Riley (LB)

L Brands Inc (NYSE:LB) – B. Riley raised their FY2018 earnings per share (EPS) estimates for L Brands in a report issued on Friday. B. Riley analyst S. Anderson now expects that the specialty retailer will post earnings of $3.15 per share for the year, up from their previous estimate of $3.09. B. Riley currently has a “Buy” rating and a $58.00 price target on the stock. B. Riley also issued estimates for L Brands’ Q4 2018 earnings at $2.05 EPS, Q2 2019 earnings at $0.54 EPS, Q3 2019 earnings at $0.37 EPS and Q4 2019 earnings at $2.13 EPS.

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

Several other research firms have also recently commented on LB. Robert W. Baird reissued a “hold” rating and issued a $60.00 price target on shares of L Brands in a report on Friday, December 22nd. BMO Capital Markets set a $56.00 price objective on L Brands and gave the stock a “hold” rating in a report on Tuesday, December 19th. Telsey Advisory Group lifted their price objective on L Brands from $64.00 to $70.00 and gave the stock an “outperform” rating in a report on Tuesday, January 2nd. Morgan Stanley reaffirmed an “overweight” rating and set a $70.00 price objective on shares of L Brands in a report on Thursday, December 14th. Finally, CIBC reaffirmed a “hold” rating and set a $60.00 price objective on shares of L Brands in a report on Friday, December 8th. Six research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and thirteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $52.16.

Shares of L Brands (NYSE:LB) opened at $48.65 on Monday. 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 capitalization of $13,732.20, a P/E ratio of 15.49, a PEG ratio of 1.25 and a beta of 0.61. L Brands has a 1-year low of $35.00 and a 1-year high of $63.10.

A number of institutional investors have recently added to or reduced their stakes in LB. American International Group Inc. grew its position in shares of L Brands by 74.8% in the fourth quarter. American International Group Inc. now owns 10,436,938 shares of the specialty retailer’s stock valued at $628,512,000 after purchasing an additional 4,466,237 shares during the period. Victory Capital Management Inc. grew its position in shares of L Brands by 1,045.9% in the fourth quarter. Victory Capital Management Inc. now owns 1,091,745 shares of the specialty retailer’s stock valued at $65,745,000 after purchasing an additional 996,468 shares during the period. American Century Companies Inc. grew its position in shares of L Brands by 328.4% in the third quarter. American Century Companies Inc. now owns 1,240,439 shares of the specialty retailer’s stock valued at $51,615,000 after purchasing an additional 950,859 shares during the period. Barrow Hanley Mewhinney & Strauss LLC grew its position in shares of L Brands by 29.0% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,156,510 shares of the specialty retailer’s stock valued at $172,952,000 after purchasing an additional 935,259 shares during the period. Finally, Flossbach Von Storch AG grew its position in shares of L Brands by 81.2% in the third quarter. Flossbach Von Storch AG now owns 2,054,020 shares of the specialty retailer’s stock valued at $85,468,000 after purchasing an additional 920,710 shares during the period. 78.48% of the stock is owned by institutional investors.

In related news, Director David T. Kollat purchased 9,910 shares of the company’s stock in a transaction on Monday, November 20th. The stock was bought at an average price of $50.34 per share, with a total value of $498,869.40. Following the completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 16.68% of the company’s stock.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Friday, February 23rd will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 4.93%. The ex-dividend date is Thursday, February 22nd. L Brands’s payout ratio is 72.95%.

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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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