|Bid||0.00 x 800|
|Ask||37.50 x 3200|
|Day's Range||34.76 - 35.55|
|52 Week Range||25.89 - 63.10|
|Beta (3Y Monthly)||-0.16|
|PE Ratio (TTM)||11.16|
|Earnings Date||Nov 19, 2018|
|Forward Dividend & Yield||2.40 (6.58%)|
|1y Target Est||35.58|
Ike Boruchow, Wells Fargo Securities, believes L Brands is poised for a push-up and could be the next big retail turnaround story.
CNBC's Sara Eisen reports on Walmart's new shopping strategy this holiday season. Matt Boss, J.P. Morgan retail analyst, joins 'Squawk on the Street' to discuss his outlook on holiday retail.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Jan Singer, CEO of Victoria’s Secret lingerie division, is departing the company amid declining sales, according to people familiar with the matter. Since she was hired at Victoria’s Secret, Ms. Singer has launched bra styles emphasizing comfort and fit, in an attempt to appeal to shoppers looking for more natural looks. Last quarter, the company reported lower sales at both Victoria’s Secret and its teen brand Pink, prompting analysts to question executives about the retailer’s marketing message and heavy use of discounts.
Jan Singer was put in charge of Victoria’s Secret in May 2016, weeks after parent L Brands reported a plunge quarterly earnings.
Victoria's Secret Chief Executive Jan Singer has resigned from her role with the lingerie company. Victoria's Secret is part of the L Brands Inc. portfolio. The brand has struggled lately with competition, changing tastes in women's underwear and slipping ratings for its televised fashion show, which will next air on Dec. 2. L Brands has taken steps to refocus, including the announcement that it will shutter Henri Bendel stores and the e-commerce site after the holiday season. Wells Fargo analysts led by Ike Boruchow think the departure is "one more initiative aimed at a much-needed strategy shift at L Brands and their beleaguered Victoria's Secret concept," they wrote in a Wednesday note. Wells Fargo thinks this is "another promising move in the right direction." Wells Fargo rates L Brands shares outperform with a $55. "A large part of our outperform thesis is predicated upon the need and hope for change (primarily at Victoria's Secret)," the note said. Singer joined the company in 2016. L Brands is scheduled to announce its third-quarter earnings on Nov. 19. L Brands shares have tumbled 39% in 2018 while the S&P 500 index has gained 1.4%.
Victoria's Secret Lingerie Chief Executive Officer Jan Singer is leaving the company a little over two years after she took the job, the Wall Street Journal reported on Wednesday, citing people familiar ...
The CEO of Victoria's Secret's lingerie division, Jan Singer, has resigned, a person briefed on the matter tells CNBC. It isn't immediately clear who Singer's replacement will be. L Brands, Victoria's Secret's parent company, is set to report quarterly earnings next week.
Jan Singer is standing aside as chief executive of Victoria’s Secret after a two-year tenure during which the US lingerie brand battled fierce competition and faced persistent questions from Wall Street about its strategic direction. People close to the company said the former Nike executive had resigned. Victoria’s Secret, once America’s favourite lingerie retailer, has struggled for several years with changing consumer tastes.
Wells Fargo upgraded L Brands (LB) to “outperform” from “market perform” on November 12. On the same day, Barclays raised its target price on L Brands to $33.00 from $31.00. L Brands stock closed 1.4% higher on November 12.
Recent announcements from L Brands indicate that the company is prepared to take dramatic steps to turn around the business, analysts say.
L Brands Inc (NYSE: LB ) shares traded near the $100 per share level in late 2015 and early 2016, but have since fallen around 65 percent due to multiple execution missteps, according to Wells Fargo. Yet ...
Alibaba had previously set a record for Singles Day last year, with $25.7 billion in goods sold. Qualtrics, a privately held company that competes with SurveyMonkey, had plans to go public in the near future.
COLUMBUS, Ohio, Nov. 9, 2018 -- In conjunction with the L Brands (NYSE: LB) third quarter 2018 earnings release, which will cross the wire after market close on Monday, Nov. 19, you are invited to listen ...
L Brands Inc. , whose portfolio of brands includes Victoria's Secret and Bath & Body Works, reported sales of $860.5 million for the four weeks ending Nov. 3, up 8% from the previous year. Same-store sales rose 4% for the period. And for the 13 weeks ending Nov. 3, the company reported sales of $2.78 billion, up 6% from last year. L Brands, is scheduled to report third-quarter earnings on Nov. 21. The FactSet revenue consensus is for sales of $2.70 billion. The company expects a third-quarter loss of 17 cents per share, including a charge of about 32 cents per share related to the Henri Bendel closure. Adjusted EPS is expected to be about 15 cents, ahead of the 5-cent FactSet consensus. The previous L Brands guidance was for breakeven to 5 cents earnings per share. The company attributes the outperformance to Bath & Body Works. L Brands shares rose 7.6% in Thursday premarket trading, but have fallen 42.1% for the year to date. The S&P 500 index is up 5.3% for 2018 so far.
Declares December 2018 Dividend COLUMBUS, Ohio, Nov. 08, 2018 -- L Brands, Inc. (NYSE: LB) reported net sales of $860.5 million for the four weeks ended Nov. 3, 2018, an.
raised its outlook for third-quarter earnings Thursday after Bath & Body Works outperformed the company’s expectations though the results continued to highlight challenges at its Victoria’s Secret brand. L Brands now expects to report stronger earnings than Wall Street projected. The company issued guidance for adjusted earnings per share of 15 cents in its fiscal third quarter, up from a prior forecast of break-even to 5 cents.
The stock market has seemingly found some stability in early November after a big October rout. Value stocks tend to perform better during times of volatility. Specifically, value stocks that are trading at a discount to their normal valuation and the market valuation tend to be less susceptible to market risk than other stocks.
U.S. equities are rallying nicely on Monday, kicking off the week of the sure-to-be-contentious midterm elections on a positive note as President Donald Trump again pulls the “China trade deal hope” lever to bolster prices. Today, Trump said Beijing wants to negotiate and that he could agree to a “fair deal” if offered.
NEW YORK , Nov. 5, 2018 /PRNewswire/ -- Victoria's Secret introduces the highly anticipated 2018 Dream Angels Fantasy Bra designed exclusively for Victoria's Secret by Atelier Swarovski. Victoria's Secret ...
Lively has developed "leisurée" that combines lingerie and activewear for women of all sizes. The brand opened its own flagship store in New York City in July and partnered with Nordstrom in September. Founder and CEO Michelle Cordeiro Grant said they are looking to expand with more stores outside of the East Coast.
Rather, it’s stock charts of Intel (NASDAQ:INTC), Altria Group (NYSE:MO) and L Brands (NYSE:LB) that are dropping hints that traders can at least somewhat trust. Exactly one week ago Intel shares had pushed up and off a major support line. The technical floor in question was, and still is, $42.36, plotted with a red dashed line on both stock charts.