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Stocks Declining to Their 3-Year Lows

- By Shuda Xia

L Brands Inc. (LB), New York Community Bancorp Inc. (NYCB), Taubman Centers Inc. (TCO) and Boston Beer Co Inc. (SAM) have reached their three-year lows.

L Brands Inc. (LB) reached $50.30

The prices of L Brands Inc. shares have declined to $50.30, which is only 4.7% above the three-year low of $47.93.


L Brands Inc. is an American fashion retailer that specializes in clothing and fashion accessories. The company's flagship brands include Victoria's Secret and Bath & Body Works. L Brands posted $10.5 billion in revenue in 2013, and in the same year was listed as number 258 in the Fortune 500. As of 2014, the company employs 94,600 individuals.

L Brands Inc. has a market cap of $14.38 billion; its shares were traded around $50.30 with a P/E ratio of 12.61 and P/S ratio of 1.16. The trailing 12-month dividend yield of L Brands Inc. stocks is 4.76%. The forward dividend yield of L Brands Inc. stocks is 4.79%. L Brands Inc. had an annual average earnings growth of 10.20% over the past 10 years.

On March 2 L Brands Inc. reported net sales of $765.5 million for the four-week period ended Feb. 25, 2017, a decrease of 10% compared to net sales of $849.3 million for the four-week period ended Feb. 27, 2016. Compared with the same period, the exit of the swim and apparel categories had a negative impact of six percentage points and eight percentage points to total company and Victoria's Secret comparable sales, respectively.

New York Community Bancorp Inc. (NYCB) reached $14.40

The prices of New York Community Bancorp Inc. (NYCB) shares have declined to $14.40, which is only 4.6% above the three-year low of $13.74.

New York Community Bancorp Inc. is an American Fortune 1000 bank that has 227 branches in New York, New Jersey, Ohio, Florida and Arizona. The bank has over $50 billion in assets, making it one of the 25 largest bank holding companies in the U.S. As of 2015, the bank employs 3,448 individuals.

New York Community Bancorp Inc. has a market cap of $7.03 billion; its shares were traded around $14.40 with a P/E ratio of 14.15 and P/S ratio of 4.88. The trailing 12-month dividend yield of New York Community Bancorp Inc. stocks is 4.72%. The forward dividend yield of New York Community Bancorp Inc. stock is 4.70%.

On March 10 New York Community Bancorp Inc. announced the pricing of its underwritten public offering of 20,000,000 depositary shares, each representing a 1/40th interest in a share of its Fixed-to-Floating Rate Series A Noncumulative Perpetual Preferred Stock, with a liquidation preference of $1,000 per share, which is equivalent to $25 per depositary share.

Taubman Centers Inc. (TCO) reached $66.23

The prices of Taubman Centers Inc. (TCO) shares have declined to $66.23, which is only 4.4% above the three-year low of $63.32.

Taubman Centers Inc. is an American international real estate company that specializes in owning regional malls in the U.S. The company owns the subsidiary Taubman Asia headquartered in Hong Kong. The company has the highest selling portfolio of malls, by square foot, of any mall company in the United States. Many of the company's malls feature an upscale, bright, white color scheme with contemporary geometric ceiling designs and skylights.

Taubman Centers Inc. has a market cap of $4.01 billion; its shares were traded around $66.23 with a P/E ratio of 37.36 and P/S ratio of 6.55. The trailing 12-month dividend yield of Taubman Centers Inc. stocks is 3.58%. The forward dividend yield of Taubman Centers Inc. stocks is 3.81%. Taubman Centers Inc. had an annual average earnings growth of 2.30% over the past 10 years.

On Feb. 23 Taubman Centers Inc. declared a regular quarterly dividend of $0.625 per share of common stock, an increase of 5%. The common dividend is payable March 31, to shareholders of record on March 15. Since the company went public in 1992, it has never reduced its regular common dividend and has since increased its dividend 20 times.

Boston Beer Co. Inc. (SAM) reached $146.60

The prices of Boston Beer Co. Inc. (SAM) shares have declined to $146.60, which is only 0.9% above the three-year low of $145.30.

Boston Beer Co. Inc. is an American alcoholic beverage company founded in 1984. The company launched the Angry Orchard brand hard ciders in 2012 and currently brews more than 60 styles of beer. Its leading brand of beer, Samuel Adams, accounts for about 1% of the U.S. beer market.

Boston Beer Co. Inc. has a market cap of $1.83 billion; its shares were traded around $146.60 with a P/E ratio of 21.54 and P/S ratio of 2.08. Boston Beer Co. Inc. had an annual average earnings growth of 23.6% over the past 10 years.

On Feb. 2 Boston Beer Co. Inc. announced that Martin Roper, president and CEO, plans to retire in 2018 after leading the company for more than 17 years. The board of directors has already created a search committee and retained Korn Ferry to assist in identifying and evaluating the best candidates to succeed Roper as CEO.

Disclosure: I do not own stock in any of the companies mentioned in the article.

This article first appeared on GuruFocus.