|Bid||30.09 x 29200|
|Ask||30.10 x 900|
|Day's Range||30.06 - 30.47|
|52 Week Range||25.89 - 63.10|
|PE Ratio (TTM)||9.53|
|Earnings Date||Nov 13, 2018 - Nov 19, 2018|
|Forward Dividend & Yield||2.40 (8.28%)|
|1y Target Est||32.14|
Victoria’s Secret parent L Brands has struggled as new companies offer product and marketing that is focused on performance and comfort.
L Brands (LB) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
DSW, L Brands, Vishay Intertechnology, Cypress Semiconductor and ON Semiconductor highlighted as Zacks Bull and Bear of the Day
Since news broke that the retailer Henri Bendel will shut down in January, fans and tourists have streamed into its Fifth Avenue flagship, hunting for discounts and taking nostalgic last looks. Open for 123 years, Henri Bendel was once a swanky icon of luxury and cutting-edge fashion. L Brands, which acquired the retailer in 1985, announced plans Thursday to close all of Henri Bendel’s 23 stores along with its shopping website in January to focus on bigger brands with greater growth potential.
Fashion and beauty retailer L Brands Inc (NYSE: LB ) said last week it will close all 23 of its Henri Bendel stores and the brand's e-commerce platform — a move that makes the stock less risky, according ...
Leslie Wexner, chief executive of Victoria's Secret parent L Brands Inc. , has quit the Republican Party after a visit last week from former President Barack Obama, according to a report by the Columbus Dispatch. "I just decided I'm no longer a Republican," he said at a panel discussion. "I won't support this nonsense in the Republican Party." Wexner was the richest Republican donor in Ohio, according to the Dispatch. Wexner now says he's an independent. Obama made a stop in the Ohio capital before going to a rally to support Democrat Richard Cordray's campaign for governor. In late 2017, Wexner donated $300,000 to a bipartisan PAC, With Honor, that supports military veterans who are running for office and pledge to conduct themselves with civility. His wife, Abigail Wexler, donated $2.5 million to the PAC in February. L Brands shares are down 52% for the year so far, while the S&P 500 index has gained 8.4% for the period.
, the embattled owner of Victoria's Secret and other retail chains, surged 5.6% Friday to close at $28.97 after announcing plans to close all 23 of its money-losing Henri Bendel stores. "We have decided to stop operating Bendel to improve company profitability and focus on our larger brands that have greater growth potential," L Brands' Chairman and CEO Leslie Wexner said in a statement announcing the plan Thursday after the bell. Henri Bendel -- an upscale women's fashion retailer that sells handbags, jewelry and other similar items - has stores in 11 states in addition to a flagship location along New York City's Fifth Avenue.
L Brands (LB) announces plans to close Henri Bendel stores and e-commerce website, to focus on other lucrative business areas.
Parent company L Brands announced that it is closing Bendel's website and all of its 23 stores in 11 states.
Henri Bendel, the once iconic department store known for its brown-and-white striped bags and introducing Coco Chanel designs to the U.S., is facing extinction in a changing retail environment. In an effort to increase shareholder value, L Brands Inc. (LB) announced on Thursday it will be closing down all of its Henri Bendel stores as well as its website after the holiday season. Warning! GuruFocus has detected 2 Warning Sign with LB.
The news was announced by L Brands (NYSE:LB), which owns the Henri Bendel brand. According to the company, the Henri Bendel closing will have it shutting down its stores at the end of January 2019. L Brands notes that Henri Bendel will continue to get new stock in throughout the holiday season.
U.S. stocks edged higher on Friday as banks gained after 10-year U.S. Treasury yields topped 3 percent, but gains were capped by a drop in the rate-sensitive utilities, real estate and telecom sectors. Financial stocks rose 0.73 percent, the most among the 11 major S&P 500 sectors, after the benchmark government yield broke back above the key technical level for the first time since the start of Aug. 2.
Adobe reported adjusted quarterly profit of $1.73 per share, beating estimates by 4 cents a share. The software maker's revenue topped forecasts, as well, however Adobe's revenue guidance was merely in line with analysts' estimates after topping expectations for nine straight quarters. Amazon.com AMZN – Amazon CEO Jeff Bezos said a decision on where the company will build a second headquarters will be made before the end of the year.
Henri Bendel, the specialty retailer known for its signature brown-and-white bags, is shutting down after more than a century in business. , which acquired the retailer in 1985, said it would close all 23 Henri Bendel stores, including its Fifth Avenue location, and its website, after the holiday season. The company said it plans to focus on its larger businesses including Victoria’s Secret, which has struggled in recent quarters.
The company cut its full-year earnings forecast in August, blaming falling demand for its PINK line of lingerie amid competition from brands such as American Eagle Outfitter's (AEO.N) Aerie. The company expects Henri Bendel, which sells women's handbags, jewellery and luxury fashion accessories, to bring in revenue of about $85 million (64.84 million pounds)for 2018. The Henri Bendel stores and the website will remain in operation through January 2019, it said.
The company cut its full-year earnings forecast in August, blaming falling demand for its PINK line of lingerie amid competition from brands such as American Eagle Outfitter's (AEO.N) Aerie. The company expects Henri Bendel, which sells women's handbags, jewelry and luxury fashion accessories, to bring in revenue of about $85 million for 2018. The Henri Bendel stores and the website will remain in operation through January 2019, it said.
Let's check out the Yahoo Finance charts of the day. Amazon (AMZN): Shares are down in early trade, at around .35%. Jeff Bezos said a decision on the company's second headquarters will be made before the end of the year. L Brands (LB): Shares are up here, at around 1.6%. The Wall Street Journal reports that after 123 years in business, department store Henri Bendel is closing up shop for good after the holiday season. The brands website will shut down in January as well. Dunkin Brands (DNKN): Shares are down here, around .57%. RBC Capital downgrades the stock to "sector perform" from "outperform"l, which notes a turnaround for the restaurant chain but adds that this in now reflected in the stock's price. For more on today's big stock movers check out the Final Round, live at 3:30 p.m. ET, right here on Yahoo Finance.
L Brands will close all 23 Henri Bendel stores and its website in January so it can focus on growing its bigger brands. Fred Katayama reports.