Q2 2020 EPS Estimates for L Brands Inc (LB) Cut by Jefferies Financial Group

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L Brands Inc (NYSE:LB) – Stock analysts at Jefferies Financial Group decreased their Q2 2020 earnings per share estimates for shares of L Brands in a research note issued to investors on Thursday, May 23rd. Jefferies Financial Group analyst R. Konik now expects that the specialty retailer will post earnings per share of $0.15 for the quarter, down from their prior forecast of $0.20. Jefferies Financial Group also issued estimates for L Brands’ Q3 2020 earnings at $0.01 EPS and Q4 2020 earnings at $1.70 EPS.

L Brands (NYSE:LB) last announced its earnings results on Wednesday, May 22nd. The specialty retailer reported $0.14 earnings per share (EPS) for the quarter. L Brands had a net margin of 4.86% and a negative return on equity of 73.73%. The company had revenue of $2.63 billion for the quarter, compared to analysts’ expectations of $2.56 billion. During the same quarter in the previous year, the company posted $0.17 EPS. The firm’s quarterly revenue was up .1% on a year-over-year basis.

Other equities research analysts have also recently issued research reports about the stock. UBS Group lifted their target price on shares of L Brands from $26.00 to $28.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 10th. Wells Fargo & Co set a $35.00 target price on shares of L Brands and gave the stock an “outperform” rating in a research note on Thursday. Odeon Capital Group began coverage on shares of L Brands in a research note on Friday, April 26th. They set a “buy” rating on the stock. Telsey Advisory Group reaffirmed a “market perform” rating and set a $28.00 target price (down previously from $31.00) on shares of L Brands in a research note on Friday, March 1st. Finally, DA Davidson lowered their target price on shares of L Brands to $26.00 and set a “neutral” rating on the stock in a research note on Friday, March 1st. Four research analysts have rated the stock with a sell rating, fifteen have given a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $32.17.

Shares of LB opened at $24.84 on Monday. L Brands has a 52-week low of $21.47 and a 52-week high of $38.14. The firm has a market cap of $6.84 billion, a price-to-earnings ratio of 8.81, a price-to-earnings-growth ratio of 0.88 and a beta of 0.51.

A number of institutional investors and hedge funds have recently modified their holdings of LB. American International Group Inc. raised its holdings in L Brands by 25.4% in the 4th quarter. American International Group Inc. now owns 12,224,858 shares of the specialty retailer’s stock valued at $313,812,000 after buying an additional 2,472,416 shares during the period. Bank of New York Mellon Corp raised its holdings in L Brands by 47.0% in the 4th quarter. Bank of New York Mellon Corp now owns 7,464,698 shares of the specialty retailer’s stock valued at $191,619,000 after buying an additional 2,385,201 shares during the period. Norges Bank purchased a new stake in L Brands in the 4th quarter valued at about $60,190,000. Renaissance Technologies LLC raised its holdings in L Brands by 6,492.0% in the 1st quarter. Renaissance Technologies LLC now owns 2,023,733 shares of the specialty retailer’s stock valued at $55,815,000 after buying an additional 1,993,033 shares during the period. Finally, Thompson Siegel & Walmsley LLC purchased a new stake in L Brands in the 1st quarter valued at about $28,618,000. Hedge funds and other institutional investors own 69.26% of the company’s stock.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $1.20 annualized dividend and a dividend yield of 4.83%. L Brands’s dividend payout ratio is presently 42.55%.

About L Brands

L Brands, Inc operates as a specialty retailer of women's intimate and other apparel, beauty and personal care products, home fragrance products, and accessories. The company operates in three segments: Victoria's Secret, Bath & Body Works, and Victoria's Secret and Bath & Body Works International.

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

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