|Bid||16.34 x 1200|
|Ask||16.34 x 3100|
|Day's Range||16.31 - 17.40|
|52 Week Range||15.82 - 38.00|
|Beta (3Y Monthly)||1.05|
|PE Ratio (TTM)||7.86|
|Earnings Date||Nov 20, 2019|
|Forward Dividend & Yield||1.20 (6.74%)|
|1y Target Est||22.74|
Credit Suisse analysts went on a downgraded spree in the retail sector, lowering Macy's Inc. , Gap Inc. and Victoria's Secret parent company L Brands Inc. to underperform from neutral based on analyst forecasts that weak recent trends will continue through the holiday season. L Brands stock slumped 8% after the downgrade, Gap stock slumped 5.8% in Friday trading, and Macy's stock was down 4.3%. Among the factors causing the pressure are a shorter holiday shopping calendar and tariff and tourism uncertainty. Analysts expressed concern, and lowered estimates, across the U.S. softline retailer group, but were especially cautious on these three retailers. Credit Suisse thinks Macy's "same-store sales trends likely running below Street estimates in Q3" with the "earnings-per-share algorithm in much more fragile state today vs. pre-2008 recession." Analysts cut Macy's price target to $12 from $19. Analysts cut Gap's price target to $14 from $20. "We believe the pending spinoff of Old Navy will ultimately prove to have been destructive to equity value, and have low confidence that the company will be able to achieve the offsets to dis-synergy costs laid out in its recent presentation," analysts said. And L Brands' price target was slashed to $14 from $22. "In a tougher U.S. backdrop, we see risk to 2H guide that assumes a fairly quick turn in Victoria's Secret trends with the multitude of challenges facing the company today making it difficult to support the stock on valuation alone," Credit Suisse said. Analysts top picks in the sector are all rated outperform and all had price target hikes: Vans parent VF Corp. , up to $116 from $104; off-price retailer Ross Stores Inc. , up to $130 from $120; Burlington Stores Inc. , up to $245 from $235; and Nike Inc. target price raised to $112 from $105. The SPDR S&P Retail ETF is down nearly 9% over the past year while the S&P 500 index has gained 8% for the period.
Macy’s, Gap and L Brands have all been downgraded by Credit Suisse which warned of a “tougher” road ahead for the U.S. retail sector.
Credit Suisse analysts downgraded a handful of retailers on Friday, citing weak trends they expect will continue through the holiday season. The firm downgraded Macy's , Gap and L Brands , the parent of Victoria's Secret, to underperform from neutral. "As we look across our coverage, we see the most risk of negative revisions to 2020 Street [estimates] for Macy's, GPS and LB — and we think low valuation alone won't be sufficient to protect further stock downside," the analysts wrote in an Oct. 18 note.
L Brands Inc. (NYSE: LB) operates a specialty retail business focused on women's intimate and other apparel, personal care, and beauty categories. In 1982, L Brands, then known as The Limited Inc., was first listed on the New York Stock Exchange. L Brands has grown rapidly, expanding its brand through organic growth and acquisitions.
Victoria's Secret cut jobs at its Columbus headquarters this week, the company confirmed to CNBC, while also announcing the departure of another top executive.
Victoria’s Secret’s head of stores and store operations April Holt will step down as the company cuts about 50 positions at its Columbus, Ohio headquarters, about 15 percent of its home office workforce. It’s the latest shakeup at the struggling brand, which also saw turnover in its CEO and chief marketing and creative positions in the past year. The job cuts include both senior and junior positions, per The New York Times, which reported that departing executives were asked to sign separation agreements that asked them not to make any statements to the media, instead directing all questions to a spokeswoman for Victoria’s Secret parent company L Brands, Tammy Roberts Myers, or her successor.
L Brands Inc.'s Victoria's Secret brand laid off about 50 people at its Columbus, Ohio, headquarters, or about 15% of its HQ staff, according to media reports late Thursday. L Brands shares declined 0.4% after hours, following a 2% decline to close the regular session at $16.84. CNBC reported that the layoffs were unrelated to Victoria's Secret's executive vice president and head of stores stepping down. Earlier in the day, L Brands said Holt resigned for personal reasons.
Victoria's Secret's executive vice president and head of stores April Holt has resigned for personal reasons, parent company L Brands Inc. confirmed. Victoria's Secret is in the midst of a turnaround, brought on by changing tastes and a shift away from the "very sexy" Victoria's Secret brand. Holt had been with the company for more than 16 years. L Brands stock has tumbled more than 41% over the past year while the S&P 500 index is up 5.3% for the period.
L Brands shares fell Thursday after CNBC reported April Holt, executive vice president of stores at Victoria's Secret, is stepping down. Holt has been with L Brands' lingerie division for more than 16 years.
Investors in growth stocks can spot a new entry point by looking for the three-weeks-tight, an unusual short-term chart pattern. Consider L Brands in 1982.
NEW YORK , Oct. 4, 2019 /PRNewswire/ -- Victoria's Secret, the world's most famous lingerie brand, introduces female-founded lingerie label Bluebella . Launching October 4 th , London -based Bluebella ...
Today we'll evaluate L Brands, Inc. (NYSE:LB) to determine whether it could have potential as an investment idea...
Rihanna’s ‘Savage X Fenty Show’ dropped on Amazon Prime — and the reviews highlight why market leader Victoria's Secret has been struggling.
Gap (GPS) plans to hire seasonal workers for the ensuing holiday season to provide a great shopping experience to customers. The company expects to hire 5,000 associates this time around.
What investors should expect from Nike's (NKE) Q1 fiscal 2020 financial results. Why Adidas (ADDYY) and Lululemon (LULU) stock have crushed Nike recently. And will Nike's e-commerce expansion help the sportswear giant post its strongest growth in years...
Credit Suisse downgraded Macy's, Gap and L Brands, crediting the pressure trends heading into the holiday season. Yahoo FInance’s Jen Rogers, Brian Sozzi and Emily McCormick discuss on The Final Round.
Victoria's Secret laid off about 15% of its employees at the company's Columbus, Ohio, headquarters. The cuts affected 50 junior and senior level staff, according to the New York Times. The company has been under the microscope in recent years as it has tried to reinvent its brand.
Rihanna's much-anticipated fashion show dropped on Amazon Prime Video to rave reviews. Could this be the final blow to Victoria's Secret as the company looks to rebrand? Yahoo Finance's Alexandra Canal, Kristin Myers and Emily McCormick, along with The King's College Brian Brenberg discuss.