Jefferies Group Comments on L Brands Inc’s FY2018 Earnings (LB)

L Brands Inc (NYSE:LB) – Research analysts at Jefferies Group issued their FY2018 earnings estimates for shares of L Brands in a research report issued on Thursday. Jefferies Group analyst R. Konik anticipates that the specialty retailer will post earnings of $3.15 per share for the year. Jefferies Group has a “Sell” rating and a $30.00 price objective on the stock. Jefferies Group also issued estimates for L Brands’ Q4 2018 earnings at $2.05 EPS.

L Brands (NYSE:LB) last announced its earnings results on Wednesday, November 15th. The specialty retailer reported $0.30 EPS for the quarter, hitting the consensus estimate of $0.30. The business had revenue of $2.62 billion during 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% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.42 EPS.

LB has been the subject of several other research reports. Scotiabank reaffirmed a “hold” rating and set a $67.00 target price on shares of L Brands in a report on Wednesday, November 22nd. B. Riley set a $58.00 target price on shares of L Brands and gave the stock a “buy” rating in a report on Thursday, November 16th. Citigroup reaffirmed a “hold” rating and set a $58.00 target price on shares of L Brands in a report on Friday, January 5th. Barclays lifted their target price on shares of L Brands from $44.00 to $49.00 and gave the stock an “equal weight” rating in a report on Thursday, January 25th. Finally, Buckingham Research downgraded shares of L Brands from a “buy” rating to a “neutral” rating and set a $43.00 target price for the company. in a report on Thursday, October 26th. Six research analysts have rated the stock with a sell rating, twenty have given a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $52.16.

Shares of L Brands (LB) opened at $48.65 on Monday. The company has a market cap of $13,732.20, a PE ratio of 15.49, a P/E/G ratio of 1.25 and a beta of 0.61. 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 has a twelve month low of $35.00 and a twelve month high of $63.10.

Several institutional investors have recently modified their holdings of LB. Tower Research Capital LLC TRC increased its position in L Brands by 182.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,110 shares of the specialty retailer’s stock worth $128,000 after purchasing an additional 1,364 shares in the last quarter. Gradient Investments LLC acquired a new position in L Brands during the 4th quarter worth approximately $153,000. Check Capital Management Inc. CA acquired a new position in L Brands during the 4th quarter worth approximately $205,000. St. Louis Trust Co acquired a new position in L Brands during the 4th quarter worth approximately $211,000. Finally, IBM Retirement Fund acquired a new position in L Brands during the 4th quarter worth approximately $216,000. 78.48% of the stock is owned by institutional investors.

In other news, Director David T. Kollat purchased 9,910 shares of the business’s stock in a transaction dated 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 acquisition, the director now owns 158,878 shares in the company, valued at approximately $7,997,918.52. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 16.68% of the company’s stock.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 23rd will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.93%. The ex-dividend date is Thursday, February 22nd. L Brands’s dividend payout ratio (DPR) is presently 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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