Analysts expect L Brands Inc (NYSE:LB) to announce $4.82 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Six analysts have made estimates for L Brands’ earnings. L Brands posted sales of $4.49 billion during the same quarter last year, which suggests a positive year over year growth rate of 7.3%. The company is scheduled to issue its next earnings results after the market closes on Wednesday, February 28th.
According to Zacks, analysts expect that L Brands will report full-year sales of $4.82 billion for the current year, with estimates ranging from $12.52 billion to $12.63 billion. For the next year, analysts expect that the business will post sales of $12.80 billion per share, with estimates ranging from $12.39 billion to $13.09 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for L Brands.
Several analysts have weighed in on the company. Deutsche Bank cut their price objective on L Brands from $67.00 to $65.00 and set a “buy” rating on the stock in a research report on Monday. B. Riley reiterated a “buy” rating and set a $58.00 target price on shares of L Brands in a report on Wednesday, November 29th. UBS Group lifted their target price on shares of L Brands from $40.00 to $47.00 and gave the company a “neutral” rating in a report on Monday, November 6th. Wolfe Research lifted their target price on shares of L Brands from $48.00 to $53.00 and gave the company a “peer perform” rating in a report on Monday, February 12th. Finally, Northcoast Research upgraded shares of L Brands from a “neutral” rating to a “buy” rating in a report on Wednesday, February 7th. Six research analysts have rated the stock with a sell rating, eighteen have given a hold rating and twelve have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $52.41.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 23rd will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.98%. The ex-dividend date is Thursday, February 22nd. L Brands’s payout ratio is 73.17%.
Hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its holdings in L Brands by 0.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 479,066 shares of the specialty retailer’s stock worth $25,818,000 after buying an additional 2,760 shares during the period. Mutual of America Capital Management LLC boosted its holdings in L Brands by 9.3% in the 3rd quarter. Mutual of America Capital Management LLC now owns 32,310 shares of the specialty retailer’s stock worth $1,344,000 after buying an additional 2,736 shares during the period. Robeco Institutional Asset Management B.V. boosted its holdings in L Brands by 32.1% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 202,986 shares of the specialty retailer’s stock worth $8,444,000 after buying an additional 49,357 shares during the period. LS Investment Advisors LLC boosted its holdings in L Brands by 24.2% in the 3rd quarter. LS Investment Advisors LLC now owns 10,754 shares of the specialty retailer’s stock worth $447,000 after buying an additional 2,092 shares during the period. Finally, Nationwide Fund Advisors boosted its holdings in L Brands by 196.0% in the 3rd quarter. Nationwide Fund Advisors now owns 198,362 shares of the specialty retailer’s stock worth $8,254,000 after buying an additional 131,359 shares during the period. 80.36% of the stock is owned by hedge funds and other institutional investors.
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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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