|Bid||17.75 x 1000|
|Ask||18.73 x 1800|
|Day's Range||17.74 - 18.52|
|52 Week Range||15.80 - 32.74|
|Beta (3Y Monthly)||0.80|
|PE Ratio (TTM)||13.43|
|Earnings Date||Feb 26, 2020|
|Forward Dividend & Yield||1.20 (6.64%)|
|1y Target Est||19.79|
Harper Wilde is a direct-to-consumer bra company that is aiming to disrupt the intimate apparel industry. The business has also enlisted the help of a former Victoria's Secret CEO. Harper Wilde co-founder and co-CEO Jane Fisher joins Yahoo Finance's Seana Smith to discuss on The Ticker.
Black Friday saw a record number of online sales, but not all stores were winners. According to Susquehanna Financial Group, Deckers Outdoors, Canada Goose, Lululemon and Steve Madden were among the have to go, while Footlocker and Under Armour were among the have-nots. Yahoo Finance's Reggie Wade joins On the Move to discuss.
Shares of L Brands are jumping on a report from The Deal that the company is meeting with investment banks about potentially considering strategic alternatives.
Victoria Secret will be cancelling its annual fashion show this year. Parent company, L Brands, announced the news yesterday stating that they will be moving on in order to 'evolve the messaging of the company.'
After more than a two decade run, the Victoria Secret Fashion Show is bidding farewell. Many have been predicting the Fashion Show's downfall especially as the company continues to receive widespread criticism for its non-inclusive campaigns. Yahoo Finance's Dan Roberts, Heidi Chung and Kristin Myers discuss on YFi AM.
Lululemon has historically traded heavily around earnings. So, should investors consider buying LULU stock with the athleisure apparel giant set to report its Q3 fiscal 2019 results on Wednesday, December 11?
On CNBC's "Fast Money Halftime Report," Pete Najarian spoke about high call options activity in L Brands Inc (NYSE: LB ). He explained that around 11,000 contracts of the December $20 calls were ...
We know that hedge funds generate strong, risk-adjusted returns over the long run, therefore imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, smart money investors have to conduct complex analyses, spend many resources and use tools that are not always […]
On Giving Tuesday, Victoria's Secret will celebrate with its long-standing partner, Susan G. Komen, the world's leading nonprofit breast cancer organization working to save lives and end breast cancer forever.
"We have more work to do and we recognize it will take some time to show improvement in the business," CFO Stuart Burgdoerfer told investors.
The bond prices of both companies fell, but their stocks held their ground. Retail stocks were generally higher as investors welcomed upbeat news from Best Buy and Burlington Stores.
L Brands and The Gap Stores have been struggling all year, and now credit agency S&P Ratings has downgraded the two retailers' credit ratings in a note Tuesday. S&P downgraded both companies by a single notch with L Brands now sporting a BB- rating and Gap now hit with a BB rating. In the case of L Brands, "Customers are continuing to move away from purchasing at [Victoria's Secret] in favor of other retailers that offer lower price points, greater array of merchandise sizes, and marketing campaigns focused on diversity and inclusivity," wrote the S&P analysts.
The market is also getting a lift from a spare of merger activity on Monday. TD Ameritrade is being bought by Charles Schwab, LVMH is buying Tiffany, and Novartis is acquiring the Medicines Co.
If media reports of L Brands seeking strategic alternatives are accurate, it won't be enough to support the stock for five reasons, Konik said in a Sunday note. First, L Brands' third-quarter report showed that demand at Victoria's Secret/Pink is "non-existent" unless there are compelling promotions, the analyst said.
The catwalk has gone dark for Victoria’s Secret, with L Brands Inc. canceling the fashion show this year amid efforts to turnaround the ailing brand.
L Brands’ stock climbed further on Friday following an upgrade by Evercore and renewed pressure on the company to split its Victoria’s Secret and Bath & Body Works businesses.
A merged company would be able to cut costs at a time when falling interest rates have hurt revenues. The companies are said to be still talking, and a merger would require regulatory approval. The retailer, which owns Victoria’s Secret, provided a higher than expected outlook for the holiday shopping season.
Investors were on edge Thursday, given the sudden pickup in volatility on Wednesday. Let's look at a few top stock trades that were grabbing the headlines today. Top Stock Trades for Tomorrow No. 1: Sonos (SONO)Source: Chart courtesy of StockCharts.comSonos (NASDAQ:SONO) stock is up marginally after reporting earnings, as shares look to continue higher.There's a solid setup in Sonos, with $15 resistance weighing on the stock. Over $15 -- which is also the IPO price -- could send the stock to new 2019 highs.InvestorPlace - Stock Market News, Stock Advice & Trading TipsFrom September through November, $15 to $15.25 has been acting as resistance. If bulls can clear this area, it will trigger a breakout. On a pullback, see that the 50-day moving average supports the stock, just as it did on Thursday's post-earnings reaction. * 7 Marijuana Penny Stocks That Have Ridiculous Possibilities Falling below the 50-day moving average puts $13 and the 100-day moving average on watch. No. 2: Ulta Beauty (ULTA)Source: Chart courtesy of StockCharts.comAfter a hearty bounce in September, Ulta Beauty (NASDAQ:ULTA) is back to being under pressure. In fact, the stock is just a few dollars above its 52-week low.The setup does not look encouraging for longs, but those who are bullish on Ulta can dip their toe in this one with a stop just below the 52-week low. On a rally, see if Ulta can reclaim the 50-day. Keep in mind, though, that rallies north of $240 have been sold over the last few months. Top Stock Trades for Tomorrow No. 3: Aurora Cannabis (ACB)Source: Chart courtesy of StockCharts.comAre cannabis stocks back from the dead? Maybe so, and that's got Aurora Cannabis (NYSE:ACB) moving nicely. Not long ago, ACB sold for more than $8 per share; two days ago it was below $2.50.To say it has been a volatile ride would be an understatement. It's exactly why we warned investors to get out of the way in the summer, when shares were significantly higher than current levels.Now, ACB stock is trying to reclaim the $3 level -- and struggling. The 20-day moving average is acting as resistance. If shares clear this level, see how ACB handles the $3.50 mark. That was vital support before the most recent breakdown.No matter how this pans out for Aurora, though, it's vital for bulls that it doesn't go on to make new lows. Top Stock Trades for Tomorrow No. 4: L Brands (LB)Source: Chart courtesy of StockCharts.comL Brands (NYSE:LB) is following after a number of its retail peers, with a volatile post-earnings reaction. However, unlike many of its peers, shares are actually rallying after the results, up almost 10%.The setup becomes rather straightforward from here.Above $15.50 and LB is okay on the long side. Below and it's a no-touch. Over the 50-day puts $18 on the table and above that, $19.25 is possible. Keep it simple and go from level to level. No. 5: Jack in the Box (JACK)Source: Chart courtesy of StockCharts.comv Shares of Jack in the Box (NASDAQ:JACK) are off slightly after reporting earnings, but man did the stock put in a wide trading range today!After opening near its 50-day moving average, shares ran to $90. Then, the stock took a tumble, falling to $80 and is now trying to hold its 200-day moving average. Talk about a series of events.In any regard, this one is too volatile for me. Below Thursday's low and JACK can technically fill the gap (blue box) down to $74.If it can move over the 50-day moving average, the Thursday high near $90 is possible. Above that mark and the $93 highs are possible.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Marijuana Penny Stocks That Have Ridiculous Possibilities * 7 High-Yield ETFs to Buy Now * 4 Dow Jones Industrial Average Stocks to Sell The post 5 Top Stock Trades for Friday: SONO, ULTA, ACB appeared first on InvestorPlace.
(Bloomberg) -- L Brands Inc., the owner of Victoria’s Secret, has about three months left to resuscitate the struggling lingerie chain and placate an activist investor who’s called for a breakup and a board overhaul.The company made some strides Wednesday, reporting better-than-expected sales growth at its Bath & Body Works unit. Its shares rallied but they’re still down about 34% since the company announced an agreement to stave off the activist campaign by Barington Capital Group -- a pact that’s up for renewal in late February, about the same time new board members can be nominated.The activist hedge fund run by James Mitarotonda in March called for sweeping changes at the company, including a spinoff of Victoria’s Secret or an initial public offering of Bath & Body Works. While the company has implemented some of the changes the New York hedge fund called, the pace and the extent of the overhaul has fallen short of its demands.Key changes have included Chief Marketing Officer Edward Razek stepping down and the hiring of transgender and plus-size models to address Barington’s complaints that Victoria’s Secret was becoming a dated brand and losing ground to smaller competitors such as Aerie‘s and ThirdLove Inc. The company also appointed two women directors.On Thursday, L Brands confirmed that it canceled its annual fashion show, after the retailer said in May that it was rethinking the format.Demands UnmetMany of Barington’s demands for change, including splitting up the company, and others regarding the independence, experience and diversity of the board remain largely unmet since the truce was reached in March. Other changes have been slow. Same-store sales, a key metric in retail, have been negative for more than three years at Victoria’s Secret.Representatives for L Brands and Barington declined to comment.Barington’s stake in the company is less than 1%. Les Wexner, the billionaire founder of L Brands, remains its largest shareholder with a 16% stake. Nevertheless, the standstill agreement shows that L Brands saw Barington’s demands as worth considering.Non-Disparagement ClauseL Brands bought some time in April by granting Barington a role as special adviser to the company in exchange for the activist withdrawing its nominees for the board. Barington is subject to the standard standstill agreement, which includes a non-disparagement clause barring it from publicly criticizing the company.Either side can opt out of the agreement in February. The nomination window for new directors opens around the same time and both are likely to precede the company’s fourth-quarter results. The terms of four directors are up at this year’s annual general meeting, including that of Raymond Zimmerman, 86, who has been on the board since 1984.The other three are all members of the business community in Columbus, Ohio, where the company is based and have ties to Wexner and his wife, Abigail, who also sits on the board.Pivot Attempt“It’s clear that the Victoria’s Secret turnaround plan is not working,” Jaime Katz, an analyst at Morningstar, said in an interview. “It seems like they are attempting to pivot to get closer to their customer, which is what they’ve been saying, but the numbers aren’t showing to support that.”In September, John Mehas, who runs Victoria’s Secret Lingerie, laid out the unit’s plan to revive the brand at the retailer’s investor day.The plan calls for a marketing strategy that’s more inclusive and upgrading the in-store experience, while making sure core customers don’t feel alienated. That day, some analysts still brought up the possibility of the brands being separated.Katz said she believed that a separation of the brands was still top of mind for management, and said she would also like to hear about succession plans.Wexner, 82, is the longest-serving CEO among Fortune 500 companies. His tenure dating back to 1963 at L Brands’s predecessor means he has a “knowledge base that’s going to be pretty much impossible to replicate” and makes it even more critical to have a succession plan in place, Katz said. Succession plans aren’t something the company has elaborated on much, she said.“I would assume at some point he would want to spend more time with his family and less time with the business,” Katz said. “Maybe having an articulated succession plan would be helpful to understand what the direction of the business will be a decade from now.”To contact the reporters on this story: Scott Deveau in New York at firstname.lastname@example.org;Jordyn Holman in New York at email@example.comTo contact the editors responsible for this story: Liana Baker at firstname.lastname@example.org, ;Anne Riley Moffat at email@example.com, Michael Hytha, Jonathan RoederFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.