L Brands Inc (NYSE:LB) – Research analysts at Wedbush reduced their Q4 2020 EPS estimates for shares of L Brands in a report issued on Friday, May 24th. Wedbush analyst J. Redding now forecasts that the specialty retailer will earn $2.03 per share for the quarter, down from their prior estimate of $2.09.
A number of other equities research analysts have also recently commented on LB. UBS Group increased their price target on shares of L Brands from $26.00 to $28.00 and gave the company a “neutral” rating in a report on Wednesday, April 10th. Wells Fargo & Co set a $35.00 price target on shares of L Brands and gave the company an “outperform” rating in a report on Thursday. Odeon Capital Group assumed coverage on shares of L Brands in a report on Friday, April 26th. They set a “buy” rating on the stock. Telsey Advisory Group reiterated a “market perform” rating and set a $28.00 price target (down previously from $31.00) on shares of L Brands in a report on Friday, March 1st. Finally, DA Davidson cut their price target on shares of L Brands to $26.00 and set a “neutral” rating on the stock in a report on Friday, March 1st. Four research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eight have given a buy rating to the company’s stock. L Brands has a consensus rating of “Hold” and an average target price of $32.17.
L Brands (NYSE:LB) last announced its earnings results on Wednesday, May 22nd. The specialty retailer reported $0.14 earnings per share for the quarter. L Brands had a net margin of 4.86% and a negative return on equity of 73.73%. The business had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter last year, the firm earned $0.17 earnings per share. The business’s revenue for the quarter was up .1% on a year-over-year basis.
A number of hedge funds have recently modified their holdings of LB. Oregon Public Employees Retirement Fund boosted its holdings in L Brands by 2,272.3% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 637,591 shares of the specialty retailer’s stock worth $25,000 after purchasing an additional 610,714 shares during the last quarter. JNBA Financial Advisors purchased a new stake in L Brands in the fourth quarter worth approximately $56,000. Synovus Financial Corp boosted its holdings in L Brands by 167.8% in the fourth quarter. Synovus Financial Corp now owns 2,394 shares of the specialty retailer’s stock worth $62,000 after purchasing an additional 1,500 shares during the last quarter. Kessler Investment Group LLC purchased a new stake in L Brands in the first quarter worth approximately $67,000. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of L Brands by 1,594.9% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,000 shares of the specialty retailer’s stock worth $83,000 after acquiring an additional 2,823 shares during the last quarter. Institutional investors own 69.26% of the company’s stock.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.83%. The ex-dividend date is Thursday, May 30th. L Brands’s dividend payout ratio is currently 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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