L Brands, Inc. (LB) - NYSE
  • Mon, May 9, 12:04 PM
    • UBS downgrades L Brands (LB +1.3%) to a Neutral rating from Buy after factoring in the company's same-store sales track.
    • The investment firm says the "high number" of new/unproven initiates layers on a level of risk on the retail stock.
    • A higher sales mix of lower-priced bralette products is also seen as a headwind for L Brands.
    | Mon, May 9, 12:04 PM | 15 Comments
  • Fri, May 6, 12:41 PM
    • MKM Partners expects L Brands (LB -1.8%) to trade at a depressed multiple until visibility clear up on the new strategic initiatives at the company.
    • The investment firm's new price target on L Brands of $83 is based off a calculation of 18X its 2017 EPS estimate. On a longer term view, shares deserve to trade at a multiple of over 15, reasons analyst Roxanne Meyer.
    • Meyer ranks #400 out of 3,899 analysts listed on TipRanks.
    • Previously: L Brands slumps to 52-week low after weak update (May 5)
    | Fri, May 6, 12:41 PM | 7 Comments
  • Thu, May 5, 10:59 AM
    • Apparel store stocks trade lower after one of its stalwarts takes it on the chin. L Brands (NYSE:LB) is down 10.5% with even the resilient Victoria's Secret business showing signs of weakness.
    • Notable decliners include Urban Outfitters (URBN -3.4%), Guess (GES -3.7%), Francesca's (FRAN -1.8%), Gap (GPS -2.6%), Genesco (GCO -2.8%), Ascena Retail Group (ASNA -3%), Express (EXPR -2%), and Chico's FAS (CHS -2.4%).
    • Buckle (BKE -5.8%) and Abercombie & Fitch (ANF -4.5%) are also down, with the former reporting weak April sale and the latter losing an exec on top of the L Brands development.
    | Thu, May 5, 10:59 AM | 25 Comments
  • Thu, May 5, 9:52 AM
    • L Brands (NYSE:LB) opened trading down over 10% after the company issues preliminary Q1 EPS below the consensus estimate of analysts.
    • On a prerecorded sales call, management said strength in the Pink business was offset by weakness with Victoria Secret lingerie.
    • F/X pressure from the Canadian business was also cited as a negative factor.
    • The company expect May comparable-store sales to be flat.
    • Shares of L Brands hit a 52-week low of $71.02 before recovering just a bit.
    • Previously: L Brands tips on Q1 sales and EPS (May 5)
    | Thu, May 5, 9:52 AM
  • Thu, May 5, 9:12 AM
    | Thu, May 5, 9:12 AM | 2 Comments
  • Thu, May 5, 7:20 AM
    • L Brands (NYSE:LB) reports sales increased 2% to $737.5M in April.
    • Same-store sales were up 1% for the month.
    • Q1 sales rose 4% to $2.614B off of a 3% gain in same-store sales.
    • The company expects to report EPS at the high end of its guidance range of $0.50 to $0.55. The consensus estimate is $0.58.
    | Thu, May 5, 7:20 AM | 12 Comments
  • Mon, Apr. 25, 9:00 AM
    | Mon, Apr. 25, 9:00 AM | 3 Comments
  • Thu, Apr. 14, 1:36 PM
    • Morgan Stanley identifies 30 stocks for investors to snap up and hold until 2019.
    • The investment firm narrowed its list by focusing on strong brands/franchises with distinct competitive advantages, while also scoring strong on pricing power, cost efficiency, and growth.
    • The MS list includes Accenture (NYSE:ACN), Alphabet, Amazon.com, Apple, Blackstone Group (NYSE:BX),Comcast (NASDAQ:CMCSA), Constellation Brands (NYSE:STZ), CVS Health (NYSE:CVS), Danaher (NYSE:DHR), Dollar General (NYSE:DG), Estee Lauder (NYSE:EL), Facebook, First Republic Bank (NYSE:FRC), HCA Holdings (NYSE:HCA), International Business Machines (NYSE:IBM), JPMorgan Chase, L Brands (NYSE:LB), Mettler-Toledo (NYSE:MTD), NextEra Energy (NYSE:NEE), Nike (NYSE:NKE), Panera Bread (NASDAQ:PNRA), Philip Morris International (NYSE:PM), Public Storage (NYSE:PSA), Ross Stores (NASDAQ:ROST), SBA Communications(NASDAQ:SBAC), ServiceMaster (NYSE:SERV), T-Mobile (NASDAQ:TMUS), Visa (NYSE:V), WhiteWave Foods (NYSE:WWAV), and Zayo Group Holdings (NYSE:ZAYO).
    | Thu, Apr. 14, 1:36 PM | 81 Comments
  • Tue, Apr. 12, 8:27 AM
    | Tue, Apr. 12, 8:27 AM | 6 Comments
  • Fri, Apr. 8, 10:17 AM
    • Apparel stocks are getting hammered after Gap's latest monthly sales dud creates a new ripple of worry.
    • There's a little bit of a failed feedback loop going on in the sector as teenagers/young adults skip mall visits to spend on other categories while sellers try to innovate their way out of the box. That innovation is leading to excess inventory which in turn leads to more painful discounting
    • Decliners include Lululemon (LULU -1.7%), Kate Spade (KATE -1.4%), Deckers Outdoor (DECK -2.5%), Coach (COH -1.6%), Michael Kors (KORS -2.1%), Columbia Sportswear (COLM -1.8%), Carter's (CRI -1.8%), Hanesbrands (HBI -1.3%), Ascena Retail (ASNA -3.9%), Nordstrom (JWN -3.4%), Chico's FAS (CHS -4.2%), Abercrombie & Fitch (ANF -4%), Urban Outfitters (URBN -2.6%), L Brands (LB -3%), Express (EXPR -2.4%), Guess (GES -2.9%), Tailored Brands (TLRD -1.9%) and Zumiez (ZUMZ -2.8%).
    • Now read Sell Your Apparel Stocks 
    | Fri, Apr. 8, 10:17 AM
  • Thu, Apr. 7, 9:00 AM
    • Victoria's Secret (NYSE:LBannounces it will lay off 200 employees as part of a restructuring process.
    • The corporate strategy includes eliminating certain merchandise categories and reorganizing into three units - Victoria's Secret Lingerie, Pink, and Victoria's Secret Beauty. The freeing up of Pink in particular could set up the aspirational brand for new growth.
    • Earlier today, L Brand reported on March sales and kept its long streak intact of topping the retail sector average with same-store sales growth.
    • Previously: L Brands March same-store sales: +5% (April 7)
    • Now read Best Performing Stocks Since The Market Bottom 
    | Thu, Apr. 7, 9:00 AM | 1 Comment
  • Thu, Apr. 7, 7:26 AM
    • L Brands (NYSE:LB) reports sales rose 5% to $1.027B in March.
    • Comparable-store sales were up 3% during the period. The early Easter this year cut one to two points from growth, according to the company.
    • Comp growth by brand: Victoria's Secret +2%, Bath & Body Works +5%, L Brands +3%.
    | Thu, Apr. 7, 7:26 AM | 2 Comments
  • Wed, Apr. 6, 3:05 PM
    • ThomsonReuters estimates retail same-store sales rose 1.5% in March. An earlier Easter this year is likely to have helped pull some sales forward from April.
    • If the drug store sector is backed out, the SSS mark falls to 0.8%. Rite Aid (NYSE:RAD) is forecast to show a 4.3% rise in same-store sales.
    • Same-store sales are seen falling over 4% at Gap (NYSE:GPS), while L Brands (NYSE:LB) is tapped to outperform again with a 2% gain.
    • Related ETFs: XLY, XRT, VCR, RTH, RETL, FXD, FDIS, RCD, PMR, BITE.
    | Wed, Apr. 6, 3:05 PM | 2 Comments
  • Wed, Mar. 9, 11:14 AM
    • Number five on the list of top performers since the bear market's epic bottom seven years ago today is L Brands (NYSE:LB), which has returned 56% annually since. Coming in fourth is Under Armour (NYSE:UA), with a 59% annual return.
    • In third place is Wyndham Worldwide (NYSE:WYN), with a 60% annual return, and in second is Regeneron (NASDAQ:REGN) which has gained 64% annually.
    • The winner is previously left-for-dead General Growth Properties (NYSE:GGP), which was trading at $0.25 per share on March 9, 2009. At $28.30 today, the stock has returned 97% annually since (kudos Bill Ackman).
    • Source: Barron's
    | Wed, Mar. 9, 11:14 AM | 4 Comments
  • Mon, Mar. 7, 9:18 AM
    • Goldman Sachs' Lindsay Drukcer Mann warns that pricing pressure and soft traffic will continue to plague the specialty apparel sector. Five companies in particular look weak to the analyst.
    • Lululemon (NASDAQ:LULU): GS notes inventory growth is outpacing sales. Margins are on watch.
    • Abercrombie & Fitch (NYSE:ANF): New fast-fashion competition poses a threat (see Amazon accelerates fast-fashion initiative).
    • American Eagle Outfitters (NYSE:AEO): Momentum is fading for the teen retailer, according to Mann.
    • Gap (NYSE:GPS): Misfires with assortment hurt sales at Banana Republic and with the Gap brand.
    • Express (NYSE:EXPR): The chain is starting to lap quarters where pricing boosted results which will be tough to match.
    • Goldman's retail team does see some bright spots in the sector. L Brands (NYSE:LB), Urban Outfitters (NASDAQ:URBN), and Nike (NYSE:NKE) are seen as outperformers.
    | Mon, Mar. 7, 9:18 AM | 5 Comments
  • Thu, Mar. 3, 7:36 AM
    • L Brands (NYSE:LB) reports comparable-store sales rose 5% in February.
    • Total sales also increased 5% during the month to reach $849.3M.
    • Comp growth by brand: Victoria's Secret +4%, Bath & Body Works +9%, L Brands +5%.
    • The company ended the month with 3,005 stores, compared to 3,007 a year ago.
    | Thu, Mar. 3, 7:36 AM
Company Description
L Brands, Inc. engages in the retail business. The company focused on women’s intimate and other apparel, personal care and beauty categories. It sells products through company-owned retail stores in the United States, Canada and the United Kingdom, which are primarily mall-based, and through... More
Sector: Services
Industry: Apparel Stores
Country: United States