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L Brands, Inc. (LB)

  • Yesterday, 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
    | Comment!
  • Wed, Feb. 25, 4:15 PM
    • L Brands (NYSE:LB) reports comparable-store sales rose 6% in Q4.
    • Comp sales by brand: Victoria's Secret +4%, Bath & Body Works +8%, L Brands +6%, Victoria's Secret Direct -2%.
    • Operating income +12% Y/Y to $1.953B.
    • Company-owned store count +8 Y/Y to 1,646.
    • Franchise store count +62 to 650.
    • Guidance: L Brands expects 2015 EPS of $3.45-$3.65 vs. $3.83 consensus.
    • LB -1.48% after hours.
  • Dec. 10, 2014, 10:22 AM
    • The S&P 500 Retail ETF (NYSEARCA:XRT) is up 0.3% today despite the negative action in the broader market.
    • A forecast for sustained lower oil prices is the major reason for the upswing.
    • Top 20 XRT holdings showing gains: Limited Brands (LB +0.6%), Whole Foods Markets (WFM +0.4%), Casey's General Stores (CASY +0.3%), Ross Stores (ROST +0.7%), Kroger (KR +0.9%), Advance Auto Parts (AAP +0.4%), Target (TGT +0.4%), Zumiez (ZUMZ +0.3%), CST Brands (CST +1.3%).
    | 1 Comment
  • Nov. 3, 2014, 4:49 PM
    • L Brands (NYSE:LBannounces it expects comparable-store sales in October to come in at a low single-digit rate.
    • Q3 EPS guidance of $0.38-$0.40 is now set vs. $0.26-$0.31 prior and $0.32 consensus.
    • LB +3.1% AH.
    | 1 Comment
  • Sep. 10, 2014, 8:32 AM
    • Credit Suisse lines up with L Brands (NYSE:LB) with an Outperform rating as it acknowledges the ability of management to navigate around the numerous potholes in the retail sector.
    • L Brands stands as a sector outlier by raising full-year profit estimates recently.
    • The Pink brand in particular has shown some strength into the back-to-school season.
    • LB +0.9% premarket
    | Comment!
  • Jun. 25, 2014, 10:25 AM
    • "Highly socially engaged brands tend to deliver sustained and superior financial returns as content co-creation provides improved ad spend leverage," says Piper's Stephanie Wissink, following her team's Instagram analysis.
    • Best-positioned from an engagement-rank perspective according to Piper: Michael Kors (KORS +1.1%), Abercrombie & Fitch (ANF +0.1%), Urban Outfitters (URBN -0.7%), and L Brands (LB -0.1%).
    | 1 Comment
  • May 23, 2014, 8:36 AM
    • Stifel Nicolaus upgrades L Brands (LB) to a Buy rating from Hold following the retailer's Q1 report.
    • The investment firm likes the long-term L Brands story as it positions Victoria's Secret Direct for growth (0% comp in Q1) and shifts its product mix to higher-margin items.
    • LB +1.0% premarket
  • Aug. 22, 2013, 9:48 AM
    • There's no sugar coating the awful string of sales reports turned in recently by teenager-focused retailers with today's release from Abercrombie & Fitch (ANF -19.5%) one of the worst of the lot.
    • Even retail bulls like Wells Fargo's Paul Lejuez are getting turned around by the high level of promotional activity in the sector. "Nobody is immune," notes the analyst.
    • Decliners: LTD -3.2%, CACH -1.1%, GPS -1.3%, BKE -1.4%, AEO -1.3%, TLYS -2%.
    | 1 Comment
  • Aug. 21, 2013, 4:21 PM
    • Limited Brands (LTD -1.3%) gives investors another read on what has been a Jekyll and Hyde retail trade this week.
    • LTD beats on both lines (albeit narrowly) for Q2.
    • The company's outlook comes in below Street estimates: Q3 and FY13 EPS of $0.23-0.28 and $3.06-3.21 respectively, versus consensus of $0.29 for Q3 and $3.21 for the full year. (PR)
    • Shares -2% AH.
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  • Aug. 21, 2013, 4:03 PM
    • Limited Brands (LTD): Q2 EPS of $0.61 beats by $0.01.
    • Revenue of $2.52B (+5% Y/Y) beats by $0.01B. Shares -3.8% AH. (PR)
    | Comment!
  • Jul. 29, 2013, 11:22 AM
    • Shares of L Brands (LTD) are up +3.1% to reach an all-time high.
    • The old adage is that as economic times improve, so do sales in the underwear market.
    • On that note, SA contributor Chris Katje thinks investors should buy shares of Hanesbrands (HBI -1%) on dips.
    | 1 Comment
  • Jul. 12, 2013, 8:02 AM
    Retail trends: A surprising drop in sales at Victoria's Secret (LTD) stands in stark contrast to a blowout month by Old Navy (GPS), and could speak volumes on consumer preferences, observe retail watchers. Demand for casual items has been high this summer (online and B&M) at retailers like Gap, while department stores continue to see soft store traffic. GPS +1.4% premarket.
    | 1 Comment
  • Mar. 26, 2013, 11:56 AM
    A weaker-than-anticipated reading on national chain store sales for the first three weeks of the month is enough to rattle the shares of a number of mall-based retailers. Though retail execs are pointing to the weather, trend-watchers are seeing a different story (chart). Decliners: ZUMZ -3.5%, AEO -2.5%, GPS -2.8%, LTD -1.5%, CHS -2.8%, ANN -2.3%, FRAN -2.5%.
    | Comment!
  • Feb. 28, 2013, 1:15 PM
    Did Limited Brands (LTD +3.9%) say a lot by merely reiterating its prior February guidance for low single digit comparable-store sales growth? With other retailers staying mute (J.C. Penney) or offering warnings on February sales (Wal-Mart, Target, AutoZone) - just holding serve doesn't look quite as unappetizing. During the LTD earnings call, execs highlighted how they protected the brand instead of moving hyper-promotional over the holiday shopping period (transcript).
    | Comment!
  • Feb. 27, 2013, 5:04 PM
    Limited (LTD): Q4 EPS of $1.76 beats by $0.02. Revenue of $3.85B beats by $0.09B. Shares -1.5% AH. (PR)
    | Comment!
  • Dec. 26, 2012, 12:34 PM
    Many retail stocks are diving after MasterCard and ShopperTrak release data indicating holiday season sales were light. SHLD -3.6%. GPS -3%. NKE -2.9%. M -2.6%. GME -3.2%. AEO -3.6%. LTD -2.7%. ARO -3.4%.
    | 1 Comment
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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