L Brands (NYSE:LB) posted its quarterly earnings data on Wednesday. The specialty retailer reported ($0.99) EPS for the quarter, missing the consensus estimate of ($0.71) by ($0.28), MarketWatch Earnings reports. The company had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.75 billion. L Brands had a negative net margin of 5.89% and a negative return on equity of 26.37%. The company’s revenue was down 37.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.14 earnings per share.
Shares of LB stock opened at $15.08 on Friday. The firm’s 50-day moving average is $12.18 and its 200-day moving average is $17.36. The stock has a market cap of $4.00 billion, a price-to-earnings ratio of -5.94, a PEG ratio of 1.38 and a beta of 1.09. L Brands has a 52-week low of $8.00 and a 52-week high of $28.01.
LB has been the topic of several research reports. Barclays boosted their price objective on shares of L Brands from $10.00 to $17.00 and gave the company an “equal weight” rating in a research report on Friday. Telsey Advisory Group boosted their price objective on shares of L Brands from $13.00 to $15.00 and gave the company a “market perform” rating in a research report on Friday. Wells Fargo & Co boosted their price objective on shares of L Brands from $25.00 to $28.00 and gave the company an “overweight” rating in a research report on Friday. ValuEngine raised shares of L Brands from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, Royal Bank of Canada cut their price objective on shares of L Brands from $24.00 to $14.00 and set a “sector perform” rating on the stock in a research report on Wednesday, April 15th. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $18.86.
L Brands, Inc operates as a specialty retailer of women's intimate and other apparel, beauty and personal care products, home fragrance products, and accessories. The company operates in three segments: Victoria's Secret, Bath & Body Works, and Victoria's Secret and Bath & Body Works International.
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