|Bid||35.46 x 100|
|Ask||35.47 x 900|
|Day's Range||34.76 - 35.55|
|52 Week Range||25.89 - 63.10|
|Beta (3Y Monthly)||-0.16|
|PE Ratio (TTM)||11.19|
|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.
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 ...