Nomura Securities Maintains a 'Buy' on Limited Brands (LTD); Q1 Review
Tweet
Share
E-mailGet Alerts LTD Hot Sheet
Price: $65.09 -0.57%
Rating Summary:
6 Buy, 13 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 20
Rating Summary:
6 Buy, 13 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 20
Join SI Premium – FREE
Nomura Securities maintains a 'Buy' on Limited Brands (NYSE: LTD) price target of $55.00.
Analyst, Paul Lejuez, said, "LTD reported 1Q EPS of $0.41 vs our est and cons of $0.40 and mgmt guidance of $0.38-$0.40. 2Q comps guided to + low to mid single digits. We believe this implies that May trends must be well above their + low-single-digit guidance for the month. The company guided 2Q12 EPS to $0.45-$0.50 vs consensus of $0.50. We believe this guidance will prove conservative (we are at $0.51). New F12 EPS guidance is $2.63-$2.83 vs. cons of $2.82. Current momentum at the start of F12, in both comps and margins, should ease market concerns about LTD’s seemingly tough comp comparisons."
For an analyst ratings summary and ratings history on Limited Brands click here. For more ratings news on Limited Brands click here.
Shares of Limited Brands closed at $47.96 yesterday.
Analyst, Paul Lejuez, said, "LTD reported 1Q EPS of $0.41 vs our est and cons of $0.40 and mgmt guidance of $0.38-$0.40. 2Q comps guided to + low to mid single digits. We believe this implies that May trends must be well above their + low-single-digit guidance for the month. The company guided 2Q12 EPS to $0.45-$0.50 vs consensus of $0.50. We believe this guidance will prove conservative (we are at $0.51). New F12 EPS guidance is $2.63-$2.83 vs. cons of $2.82. Current momentum at the start of F12, in both comps and margins, should ease market concerns about LTD’s seemingly tough comp comparisons."
For an analyst ratings summary and ratings history on Limited Brands click here. For more ratings news on Limited Brands click here.
Shares of Limited Brands closed at $47.96 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Canaccord Downgrades York Space Systems (YSS) to Hold, 'Supply chain and contract timing uncertainty'
- Deutsche Bank Downgrades Workday (WDAY) to Hold
- Candel Therapeutics Inc. (CADL) PT Raised to $15 at Freedom Broker
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS ViewRelated Entities
NomuraSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
