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L Brands Inc Add to portfolio

INX:LB, Dec 09, 09:51 UTC

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Friday, November 29


News

Victoria's Secret PINK Black Friday & Cyber Monday Deals of 2019: VS PINK, Swim, Beauty & Fragrance Deals Reviewed by Deal Tomato

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Experts at Deal Tomato have found the best Victoria's Secret PINK, Fragrance, Beauty and Swim line deals and are listing them below. Check out Amazon'sBlack Friday & Cyber Monday sale page andWalmart's Black Friday & Cyber Monday home page for thousands more deals on a wide range of products. Much of the brand's success can be attributed to successful marketing campaigns such as the annual Victoria's Secret Fashion Show which features top supermodels showcasing the latest creations from their designers. As the largest retailer of women's wear in the US, the brand also caters to a younger demographic than their main audience with the Victoria's Secret PINK line of bras, panties, loungewear and sportswear. What are Black Friday sales?

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Tuesday, November 26


News

[video]Retailers Gap and L Brands Credit Ratings Cut by S&P Ratings

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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.

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Monday, November 25


News

L Brands Analyst Says Strategic Alternatives Won't Save Stock From Further Downside

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L Brands Analyst Says Strategic Alternatives Won't Save Stock From Further Downside. Victoria's Secret and Bath & Body Works' parent company L Brands Inc (NYSE: LB) is reportedly in talks to explore strategic alternatives, but this comes at a time when its core brands are "already broken," according to Jefferies. 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. Third, Bath & Body Works and Victoria's Secret are overexposed to structural declines in mall traffic, the analyst said, adding that the two businesses don't have a strong enough business model to survive in an online universe. Even if they are successful online, it won't be enough to offset expectations for hundreds of stores to close, he said.

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Friday, November 22


News

L Brands (LB) Surges: Stock Moves 10.1% Higher

LB

L Brands, Inc. LB was a big mover last session, as the company saw its shares rise more than 10% on the day. This stock, which remained volatile and traded within the range of $15.89 –$18.08 in the past one-month time frame, witnessed a sharp increase yesterday. The company has seen five negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last. L Brands currently has a Zacks Rank #4 (Sell) while its Earnings ESP is positive.

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Thursday, November 21


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L Brands Has Three Months to Placate Activist Investor Barington

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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. L 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.

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News

Implied Volatility Surging for L Brands (LB) Stock Options

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Investors in L Brands, Inc. LB need to pay close attention to the stock based on moves in the options market lately. That is because the Dec 6, 2019 $18.00 Call had some of the highest implied volatility of all equity options today. What is Implied Volatility? It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy. What do the Analysts Think? Currently, L Brands is a Zacks Rank #3 (Hold) in the Retail - Apparel and Shoes industry that ranks in the Top 22% of our Zacks Industry Rank.

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News

L Brands Trades Higher on Improved Near-Term Outlook

LB

By segment, L Brands reported the following year-over-year changes in total sales and same-store sales, including retail stores owned by the company in North America and overseas (the U.K. and China) and direct sales. Victoria's Secret's same-store sales slid 500 basis points to a 7% decrease in the third quarter of fiscal 2019 from a 2% decrease in the prior-year quarter. Looking ahead, the company is expecting to post adjusted earnings per diluted share of $2 in the final quarter of fiscal 2019 versus estimates of $1.97 and to close the year with earnings of $2.40 per share versus estimates of $2.39. The previous earnings guidance for the year was $2.30 to $2.60 per share. While shares rose on the back of the updated guidance on Wednesday, the stock has fallen 38% so far this year to below the 120-day simple moving average line.

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L Brands (LB) Q3 Earnings Meet, Victoria's Secret a Drag

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L Brands (LB) Q3 Earnings Meet, Victoria's Secret a Drag. Further, the company’s fourth-quarter earnings guidance is above analysts’ expectations.Consequently, shares of this specialty retailer of women's intimate and other apparel, beauty and personal care products rose more than 3% during the after-market trading hours on Nov 20.L Brands envisions fourth-quarter earnings to be $2.00 per share, which is above the current Zacks Consensus Estimate of $1.94. But the figure indicates a decline of 6.5% from the year-ago reported number. For the fiscal year, the company now forecast earnings of about $2.40 compared with prior view of $2.30-$2.60 per share. Although the new estimate is above the current consensus mark of $2.37, it suggests a decline from $2.82 in fiscal 2018.L Brands, Inc. Price, Consensus and EPS Surprise. Further, merchandise margin rate declined on account of supply chain pressures, including increased transportation and labor costs and tariffs.We note that L Brands’ International sales came in at $133.4 million, flat year over year. The change in total sales will be approximately 2 points lower than the comp result due to loss of La Senza and Henri Bendel sales, offset by square footage growth at Bath & Body Works.Further, gross margin is expected to contract year over year owing to lower merchandise margin rate.

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Wednesday, November 20


News

L Brands Earnings inline, Revenue Misses In Q3

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L Brands follows other major Services sector earnings this month. On October 24, Amazon.com reported third quarter EPS of $4.23 on revenue of $69.98B, compared to forecasts of EPS of $4.61 on revenue of $68.83B. Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar. Asian Markets Fall; Trade Tensions Intensify as U.S. Congress Passes HK Bill. A U.S.-China 'phase one' trade deal may not be inked this year.

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L Brands (LB) Meets Q3 Earnings Estimates

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L Brands (LB) came out with quarterly earnings of $0.02 per share, in line with the Zacks Consensus Estimate. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for L Brands was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future.

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