L Brands Inc. [LB] stock is up 0.56 while the S&P 500 has fallen -0.64% on Wednesday, 10/14/20. While at the time of this article, LB ATR is sitting at 1.33, with the beta value at 1.66. This stock’s volatility for the past week remained at 3.95%, while it was 4.33% for the past 30-day period. LB has risen $0.18 from the previous closing price of $31.98 on volume of 0.63 million shares.
On 15, October 2020, L Brands Announces the Expiration and Final Results of its Cash Tender Offers and Consent Solicitations for Certain of its Senior Notes. According to news published on Yahoo Finance, L Brands, Inc. (NYSE: LB) announced today the expiration and final results of its tender offers (the “Tender Offers”) to purchase for cash its outstanding (i) 5.625% Senior Notes due 2022 (the “2022 Notes”), (ii) 5.625% Senior Notes due 2023 (the “2023 Notes”), (iii) 7.60% Notes due 2037 (the “2037 Notes”) and (iv) 6.95% Exchange Debentures due 2033 (the “2033 Notes” and, together with the 2022 Notes, the 2023 Notes and the 2037 Notes, the “Notes”) up to an aggregate principal amount that will not result in a maximum aggregate purchase price (excluding accrued and unpaid interest) that exceeds $1 billion (the “Maximum Aggregate Purchase Price”), subject to the sub-cap, the order of priority and proration provisions set forth in the Offer to Purchase described below. The Tender Offers and Consent Solicitations (as defined below) provide for settlement of all Notes that were validly tendered by 11:59 p.m., New York City time on October 14, 2020 (the “Expiration Date”). Capitalized terms used but not defined herein have the meanings ascribed thereto in the Offer to Purchase.
Analyst Birdseye View:
The most recent analyst activity for L Brands Inc. [NYSE:LB] stock was on August 25, 2020, when it was Upgrade with a Buy rating from MKM Partners, which also raised its 12-month price target on the stock to $40. Before that, on October 14, 2020, B. Riley Securities Recapitulated a Buy rating and elevated its amount target to $38. On August 21, 2020, Telsey Advisory Group Reiterated a Market perform rating and boosted its price target on this stock from $23 to $30. On July 30, 2020, Citigroup Downgrade a Sell rating and increased its price target from $15 to $17. On July 29, 2020, JP Morgan Upgrade an Overweight rating and increased its price target to $32. On July 29, 2020, Telsey Advisory Group Reiterated a Market perform rating and boosted its amount target on this stock to $23. On May 22, 2020, Telsey Advisory Group Reiterated a Market perform rating and boosted its target amount on this stock from $13 to $15. On May 18, 2020 Wedbush Reiterated a Neutral rating and elevated its amount target to $12.
In the past 52 weeks of trading, this stock has oscillated between a low of $8.00 and a peak of $33.66. Right now, according to Wall Street analyst the average 12-month amount target is $31.54. At the most recent market close, shares of L Brands Inc. [NYSE:LB] were valued at $32.16. According to the average price forecast, investors can expect a potential return of 2.59%.
L Brands Inc. [NYSE:LB] most recently reported quarterly sales of 2.32 billion, which represented growth of -20.10%. This publicly-traded organization’s revenue is $136,801 per employee, while its income is -$3,877 per employee. This company’s Gross Margin is currently 35.30%, its Operating Margin is -3.40%, its Pretax Margin is -1.40, and its Net Margin is -2.83.
The Principal structure of this organization shows its whole liability to whole principal at 119.78 and the whole liability to whole assets at 89.66. It shows enduring liability to the whole principal at 112.67 and enduring liability to assets at 0.84 while looking for an extended time period.
Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 31.34 points at 1st support level, the second support level is making up to 30.70. But as of 1st resistance point, this stock is sitting at 32.55 and at 33.11 for 2nd resistance point.
L Brands Inc. [LB] reported its earnings at $0.25 per share in the fiscal quarter closing of 7/30/2020. The Analysts for Wall Street were expecting to report its earnings at -$0.42/share signifying the difference of 0.67 and 159.50% surprise value. Comparing the previous quarter ending of 4/29/2020, the stated earnings were -$0.99 calling estimates for -$0.72/share with the difference of -0.27 depicting the surprise of -37.50%.
Important Ratio’s To Watch
Meanwhile, turning our focus to liquidity, the Current Ratio for L Brands Inc. [NYSE:LB] is 1.30. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.63. Now if looking for a valuation of this stock’s amount to sales ratio it’s 0.49.
The most recent insider trade was by Bersani James L., President – Real Estate, and it was the sale of 28373.0 shares on Sep 01. Wexner Leslie H., the Director, completed a sale of 3.0 million shares on Aug 25. On Jun 23, Sheehan Anne, Director, completed a purchase of 685.0 shares.