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.
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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