Seeking Alpha
 

L Brands, Inc. (LB)

- NYSE
  • Mon, Jul. 20, 1:38 PM
    • A bold forecast from Cowen Research on Amazon has some deep implications for the broad retail sector if it proves accurate.
    • Cowen sees Amazon nabbing 14% of the U.S. apparel and accessories market by 2020, up from ~5% this year.
    • The Amazon Effect impacts retail companies differently depending on if they sell their brands on the Amazon website and at what prices. Chains that could see an impact from a higher level of apparel buying through Amazon include Macy's (NYSE:M), Dillard's (NYSE:DDS), J.C. Penney (NYSE:JCP), Aeropostale (NYSE:ARO), Abercrombie & Fitch (NYSE:ANF), L Brands (NYSE:LB), Kohl's (NYSE:KSS), Pacific Sunwear (NASDAQ:PSUN), and Zumiez (NASDAQ:ZUMZ). The trend also puts high-end sellers such as Kate Spade (NYSE:KATE) and Michael Kors (NYSE:KORS) in a tighter box on how to sell through Amazon.
    • A disturbing trend for Wal-Mart (NYSE:WMT) and Target (NYSE:TGT) is that a higher percentage of their customers also bought apparel through Amazon in the first half of 2015.
    | 27 Comments
  • Tue, Jul. 14, 1:39 PM
    • The question of when millennials will open up their checkbooks and stop sharing is posed by Bobbi Rebell in a Reuters piece.
    • The generation seems to unabashedly share houses (AirBnb), cars (Uber), car rentals (Zipcar), and entertainment services (Netflix).
    • Some think millennials aren't wired to covet non-electronics possessions, while others attribute the trend to a tight market for recent college graduates with high student loan balances.
    • The authors of Millennial Majority argues the latter in making the case spending by millennials will pick up dramatically as their resources improve.
    • One sector desperately looking for a millennial bounce is apparel which continues to trail broad retail. Companies such as Gap (NYSE:GPS), L Brands (NYSE:LB), Abercrombie & Fitch (NYSE:ANF), and Ann (NYSE:ANN) have had a few misfires due to the peculiarity of the group.
    • The oldest millennials are now in their lower thirties which should mean the question will be answered soon.
    • Related ETFs: XLP, XLY, VDC, XRT, VCR, RTH, RETL, FXG, IYK, IYC, FXD, FDIS, RHS, FSTA, SCC, UCC, RCD, PMR, UGE, PEZ, PSL, PSCC, PSCD, SZK
    • Previously: Retail sales: No help from department stores (Jul. 14 2015)
    • Previously: June Retail Sales miss expectations (Jul. 14 2015)
    | 17 Comments
  • Tue, Jul. 14, 8:48 AM
    • U.S. retail sales were held back in June due in part to weak clothes buying trends.
    • Clothing/clothing accessories stores dropped 1.5% M/M, while department store showed a 0.6% decline.
    • On a year-over-year scan, department stores sales were off 1.7%.
    • The numbers would probably look even weaker if sportswear and shoes were backed out of the broad categories.
    • Previously: June Retail Sales miss expectations (Jul. 14 2015)
    • Related stocks: M, KSS, JWN, DDS, JCP, LB, TLYS, SHLD, TJX, BONT, SSI, OTCPK:BLKIA.
    | 14 Comments
  • Thu, Jul. 9, 11:43 AM
    • L Brands (LB -2.2%) saw its Bath & Body Works chain record the strongest comp of its brands at 6%.
    • L Brands (3%) and Victoria's Secret (1%) both delivered a positive comp, while VS Direct Sales lagged at -4%.
    • On a sales call, L Brands execs noted the company's merchandise margin rose compared to a year ago.
    • Inventory per square foot was reported to be down 6% Y/Y.
    • Previously: L Brands reports June same-store sales at +3% (Jul. 09 2015)
    | 1 Comment
  • Thu, Jul. 9, 7:25 AM
    • L Brands (NYSE:LB) reports June same-store sales at +3%.
    • Total Sales +3% Y/Y to $1.21M.
    • Press Release
    | Comment!
  • Thu, Jun. 25, 8:53 AM
    • L Brands (NYSE:LB) is tapped by BB&T for a breakout.
    • The investment firm initiates coverage with a Buy rating on its view EPS will break out.
    • The highest rated analysts covering L Brands (as sorted out by TipRanks.com) have price targets of over $100 on the retailer.
    • L Brands is +0.21% YTD.
    | Comment!
  • Fri, Jun. 19, 9:01 AM
    • Cowen Research projects shipping costs may be a slight margin drag for retailers for the upcoming holiday season.
    • Shippers have adjusted some pricing policies to reduce their logistics and weather risk.
    • Retailers also face heightened competition within the sector on free shipping policies.
    • Several major retail chains cited higher-than-expected shipping costs with their Q1 reports, due in part to the West Coast port slowdown.
    • Related stocks: GPS, LB, URBN, AEO, ANF, ARO, SPLS, ODP, DKS.
    | Comment!
  • Fri, Jun. 19, 8:06 AM
    • L Brands (NYSE:LB) announces a new $250M share repurchase program.
    • The authorization is a reset of an old buyback allowance which dwindled down to a $600K balance.
    | Comment!
  • Thu, Jun. 11, 8:48 AM
    • Clothing stores showed some signs of life in May as tipped in today's Retail Sales report.
    • The category was up 1.5% M/M and 3.6% Y/Y to outpace total retail sales.
    • The improvement is consistent is with the reads from the narrow range of apparel chains which still report monthly sales.
    • The sector has seen discounters show stronger traffic trends than mall-based chains, although both groups have eased off promotional activity a bit.
    • Previously: Retail sales stronger-than-expected in May
    • Related stocks: ANF, AEO, LUX, GES, CTRN, CATO, LB, PLCE, SSI, ROST, GPS, BOOT, CHS, MW, ANN, ASNA, BKE, DSW, EXPR, URBN, FRAN.
    | Comment!
  • Thu, Jun. 4, 10:26 AM
    • A healthy round of reports from retail chains and more firming up of the labor market has the retail sector ahead of market averages
    • Outperformers include Buckle (BKE +3.4%), Five Below (FIVE +7.3%), Abercrombie & Fitch (ANF +1.8%), L Brands (LB +1.8%), American Eagle Outfitters (AEO +2.2%), Citi Trends (CTRN +2.1%), Express (EXPR +1.4%), Urban Outfitters (URBN +1.6%), Wayfair (W +1.3%), and TravelCenters of America (TA +0.9%).
    • The S&P Retail ETF (NYSEARCA:XRT) is also positive on the day with most broad market averages in the red.
    | Comment!
  • Thu, Jun. 4, 7:19 AM
    • L Brands (NYSE:LB) reports sales in May rose 5% to $799.1M.
    • Comparable-store sales were up 5% for the period.
    • The comp was steady at 5% at Victoria's Secret, Bath & Body Works, and L Brands.
    • L Brands ended the month with a store count of 2,969 as 16 openings were offset by 16 closings.
    | Comment!
  • Tue, May 26, 9:35 AM
    • L Brands (LB +1%) perks up in early trading after Goldman Sachs adds the stock to its Conviction Buy list on its view shares are attractive at current levels.
    • GS has a price target of $106 on the retailer.
    • L Brands +2.2% YTD vs. +3.4% for the S&P Retail ETF
    | 1 Comment
  • Thu, May 21, 4:37 PM
    • L Brands (NYSE:LB) declares $0.50/share quarterly dividend, in line with previous.
    • Forward yield 2.26%
    • Payable June 19; for shareholders of record June 5; ex-div June 3.
    | 3 Comments
  • Wed, May 20, 4:05 PM
    • L Brands (NYSE:LB): Q1 EPS of $0.61 beats by $0.01.
    • Revenue of $2.51B (+5.0% Y/Y) misses by $30M.
    • Shares -2.7%.
    • Press Release
    | Comment!
  • Tue, May 19, 5:35 PM
  • Thu, May 7, 11:37 AM
    • L Brands (NYSE:LB) announces comparable-store sales fell 1% in April.
    • The calendar shift of Easter impacted sales results by four full percentage points.
    • The comp for Victoria's Secret was flat during the month.
    • Total company sales were up 5% to $2.512B for the 13 weeks ending May 2.
    • L Brands lifts its view of Q1 EPS to $0.58-$0.60 from $0.50-$0.55.
    | Comment!
Visit Seeking Alpha's
LB vs. ETF Alternatives
Company Description
L Brands Inc formerly known as Limited Brands, Inc., operates as a specialty retailer of women's intimate and other apparel, beauty & personal care products and accessories under various trade names.
Sector: Services
Industry: Apparel Stores
Country: United States