|Bid||20.10 x 800|
|Ask||21.75 x 2200|
|Day's range||20.04 - 20.47|
|52-week range||15.80 - 29.02|
|Beta (5Y monthly)||0.79|
|PE ratio (TTM)||15.21|
|Earnings date||25 Feb 2020|
|Forward dividend & yield||1.20 (5.79%)|
|Ex-dividend date||20 Nov 2019|
|1y target est||21.02|
Les Wexner has been the CEO of L Brands, Inc. (NYSE:LB) since 1963. First, this article will compare CEO compensation...
Helen of Troy, L Brands, Best Buy, Builders FirstSource and Photronics highlighted as Zacks Bull and Bear of the Day
A sturdy labor market, rising income and improving confidence certainly encouraged consumers to spend more. While bargain hunters did hit the streets, enthusiasm for online shopping was palpable.
Soft sales across key seasonal merchandise categories hurt Target's (TGT) holiday sales. The company now expects fourth-quarter comparable sales to rise in line with its November/December performance.
American Eagle (AEO) witnesses strong holiday sales backed by robust growth in AE brand's signature jeans range and solid performance at Aerie.
Boot Barn's (BOOT) preliminary results for Q3 reflect growth in earnings, sales and same-store sales. Additionally, the company posts same-store sales for the November-December period.
Kohl's (KSS) holiday period comps drop 0.2% year over year. The company now envisions fiscal 2019 earnings to come at the lower end of its previously guided range.
Urban Outfitters (URBN) registers sales increase across all brands except its flagship brand and cautions about fourth-quarter gross profit margin.
(Bloomberg) -- Victoria’s Secret lingerie is sinking into irrelevance, Jefferies analyst Randal Konik said on Thursday after the company’s parent reported a drop in holiday sales.L Brands Inc. reported Thursday that quarter-to-date comparable sales at Victoria’s Secret sank 12%, while store traffic was down by the mid-teens -- worrisome signs for a company that’s struggled with changing consumer preferences. Increased promotional activity also crimped margins. Pink, which is the company’s young adult-focused brand, reported that same-store sales plunged by a mid-teens percentage rate.Konik also said Pink’s weak results implied the brand “is not wanted any longer.” In a meeting with investors last year, L Brands executives touted the brand as a key part of its growth strategy.L Brands representatives didn’t reply to a request for comment about Konik’s statements. It’s not the first time the analyst has strongly recommended against investing in L Brands.Despite the report, L Brands shares rose as much as 6.3% on Thursday. Konik said bullish investors may be betting that the performance at Victoria’s Secret and Pink is “so bad it will force a split” of the brand from the better-performing L Brands company, Bath & Body Works.B. Riley FBR’s Susan Anderson agrees with that assumption, writing that Street expectations for a Bath & Body spinoff have increased. She estimates the Bath & Body Works unit could be worth $30 alone as a “best-in-class retailer.” She rates L Brands buy, with a 12-month price target on the company of $30.Konik said Bath & Body Works results, however, are “not as good as you think.” While comparable sales rose 9% during the holiday period, he highlighted deteriorating margins. This trend is “a canary in the coal mine, as it tells you that the peak of cycle has been reached” for the brand.Konik rates the shares underperform. He reduced his price target to a Street-low $12 per share, from $14. He predicts Victoria’s Secret and Pink will “collapse and start losing money” while Bath & Body Works sales will deteriorate and margins decline. That will result in lower profit and a cut to the dividends, he said.(Adds B. Riley FBR comments in sixth paragraph)To contact the reporter on this story: Janet Freund in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Catherine Larkin at email@example.com, Jonathan RoederFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.
Abercrombie & Fitch enters 2020 ready to make some big changes to its stores. Yahoo Finance talks to CEO Fran Horowitz about its plan.
Lululemon shares have skyrocketed 90% in 2019 to easily outpace giants such as Nike and Adidas. So is it time to buy LULU stock for 2020?
Today we'll do a simple run through of a valuation method used to estimate the attractiveness of L Brands, Inc...
Ben Rains dives into Lululemon (LULU) and Nike (NKE) to see if investors should consider buying either stock with the sportswear retailers set to report their quarterly results soon...
Harper Wilde is a direct-to-consumer bra company that is aiming to disrupt the intimate apparel industry with the help of a board member who's a former CEO of Victoria's Secret.
Lululemon has historically traded heavily around earnings. So, should investors consider buying LULU stock with the athleisure apparel giant set to report its Q3 fiscal 2019 results on Wednesday, December 11?