|Bid||29.6500 x 800|
|Ask||29.6600 x 900|
|Day's Range||28.1000 - 30.1300|
|52 Week Range||25.8900 - 63.1000|
|Beta (3Y Monthly)||-0.16|
|PE Ratio (TTM)||9.43|
|Earnings Date||Nov 13, 2018 - Nov 19, 2018|
|Forward Dividend & Yield||2.40 (6.80%)|
|1y Target Est||35.71|
Fashion and retail trend analyst Charcy Evers talks about the retail winners and losers as we enter the critical holiday shopping season.
L Brands (LB) seems to be a good value pick, as it has decent revenue metrics to back up its earnings, and is seeing solid earnings estimate revisions as well.
L Brands, which has announced a number of changes to turn around the business, says it will revive Victoria’s Secret’s swim category.
NEW YORK, NY / ACCESSWIRE / November 21, 2018 / Shares of retailer Target and parent company of Victoria's Secret and Bath and Body Works, L Brands, were both struggling in the red on Tuesday after delivering third quarter results. Target Corporation shares were sinking in Tuesday's trading session, closing the day down nearly 10.5% on almost 21 million shares traded.
L Brands Inc (NYSE: LB ), the parent company of multiple brands including Victoria's Secret and Bath & Body Works, reported a top- and bottom-line beat in its third-quarter results but also announced a ...
Product changes are coming to Victoria’s Secret. “We’re committed to a full review,” CFO Stuart Burgdoerfer said on the conference call of the Victoria’s Secret and Pink brands. “Everything is on the table.” Both the lingerie business and the college-focused Pink brand have new leadership.
Lowe’s (LOW), Target (TGT), and Kohl’s (KSS) fell significantly in pre-market hours on November 20. As at 11:55 AM EST, Target, Kohl’s, Lowe’s, and L Brands (LB) stock fell 9%, 8%, 3%, and 12%, respectively.
L Brands' (LB) earnings in third-quarter fiscal 2018 declines year over year. However, the top line and comparable sales witness an improvement on a year-over-year basis.
Here are some of the companies with shares expected to trade actively in Tuesday’s session. Stock movements noted by ticker reflect movements during regular trading hours; premarket trading is specified separately.
On November 19, L Brands (LB) reported better-than-expected third-quarter 2018 results. However, L Brands stock fell 4.8% in the after-market hours as investors seemed to be disappointed with the dividend cut. Also, the company announced that John Mehas would take over the CEO responsibilities of Victoria’s Secret from Jan Singer. Singer resigned from the job earlier this month after being at the helm for only two years.
Check out the companies making headlines before the bell: Target TGT – The retailer earned an adjusted $1.09 per share for the third quarter , 3 cents a share below estimates. Revenue exceeded forecasts, however, and comparable-store sales were up 5.
The majority of Wall Street analysts covering L Brands (LB) have maintained a “hold” rating on the stock. As of November 15, of the 28 analysts covering the stock, 29.0% recommended a “buy.” Another 57.0% recommended a “hold,” and the remaining 14.0% recommended a “sell.”
NEW YORK, NY / ACCESSWIRE / November 20, 2018 / Wall Street posted sharp losses on Monday as drop in information technology shares and pressured broader market lower. The Dow Jones Industrial Average was ...
Lingerie brand Victoria’s Secret has Wall Street types hot under the collar for all the wrong reasons. Sales are down and shares in parent company L Brands have dropped more than 40 per cent this year. ...
L Brands stock (NYSE:LB) was sliding late in the day Monday as the company reported its latest quarterly earnings results after the bell, which were below what the company brought in during its year-ago quarter. The parent company of Victoria’s Secret said that for its third quarter of fiscal 2018, it posted a loss of $43 million, or 16 cents per share, which is weaker than its earnings of $86 million, or 30 cents per share it posted during the year-ago quarter. On an adjusted basis, the company brought in earnings of 16 cents per share, which is nearly half the 30 cents per share it brought in during the year-ago quarter.
“Our number one priority is improving performance at Victoria’s Secret Lingerie and PINK,” said L Brands CEO Les Wexner on Monday. The lingerie retailer, which has fallen out of fashion with female consumers, doesn’t yet appear to be on a path back to growth. L Brands, which owns both Victoria’s Secret and Bath & Body Works, is riding on lotion, not on lingerie.
L Brands Inc., trying to revamp business at its flagship Victoria’s Secret chain, on Monday said it is halving its annual dividend and hiring a Tory Burch executive to lead the lingerie division. The company said John Mehas will be joining Victoria’s Secret early next year to succeed Jan Singer, who resigned last week. Mr. Mehas currently serves as president of Tory Burch and previously led Club Monaco.
The company's shares fell 5 percent in extended trading and were set to add to their 43 percent drop this year, as its Victoria's Secret and Pink brands face stiff competition to connect with shoppers opting for cheaper bralettes and sports bras. Sales at Victoria's Secret, L Brands' biggest division by revenue, have fallen in seven out of the last eight quarters, mainly due to weakness in Pink, the brand launched in 2002 aimed at college-going clientele. L Brands said on Monday it hired John Mehas from lifestyle brand Tory Burch as CEO of Victoria's Secret to replace Jan Singer, effective early 2019.
On a consolidated basis, Gap stock is cheap. American Eagle Outfitters (NYSE:AEO), despite torrid performance from its Aerie business, is at 13x, as is Victoria’s Secret owner L Brands (NYSE:LB). Given the pressures in mall retail, and what looks like meager underlying growth for Gap Inc, the soft multiple assigned GPS stock isn’t an enormous surprise.