MKM Partners Remains Neutral on L Brands (LB) Following June Sales Release
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FBR Capital Raises Price target on L Brands (LB) Following June Sales Report
July 8, 2016 9:57 AM EDTFBR Capital reiterated a Market Perform rating on L Brands (NYSE: LB), and raised the price target to $68.00 (from $63.00), following the company's June sales report. LB reported total June SSS of +6%, above consensus of +1.9% and guidance of +LSD. VS comps increased +6%, above consensus estimates of +1%. VS comps were driven by PINK and the semiannual sale and were... More
Nomura Securities Remains Sidelined on L Brands (LB) - PT to $60
July 8, 2016 7:50 AM EDTNomura Securities reiterated a Neutral rating on L Brands (NYSE: LB), and raised the price target to $60.00 (from $58.00). Although VS has been reducing its direct mail coupons since April, June did not actually lap any meaningful mailers due to last years semi-annual sale. All... More
Stifel Reiterates Buy as L Brands (LB) Comes under Pressure
July 7, 2016 1:23 PM EDTStifel reiterated a Buy rating and $75.00 price target on L Brands (NYSE: LB) as the stock comes under pressure due to investor concerns. The concerns center around increased markdowns. However, Stifel believes that prudent expense management and better than planned expense leverage due to... More
L Brands (LB) June Comps up 6%, Versus Expected 1.3% Rise
July 7, 2016 7:17 AM EDTL Brands, Inc. (NYSE: LB) reported net sales increased 7% to $1.296 billion for the five weeks ended July 2, 2016, compared to net sales of $1.207 billion for the five weeks ended July 4, 2015. Comparable sales for the five weeks ended July 2, 2016, increased 6%. Estimates called for a 1.3%... More
U.S. June retail same-store sales estimates
July 6, 2016 4:24 PM EDT(Reuters) - The following table lists select U.S. retailers that will report on Thursday sales at stores open at least a year a key retail measure also known as same-store sales for the month of June.
The table has the range of analyst estimates, the mean of those... More
L Brands (LB): Expecting In Line June - FBR
July 6, 2016 6:21 AM EDTFBR Capital Market analyst, Susan Anderson, left her +2.0% SSS estimate for L Brands (NYSE: LB) in June unchanged versus consensus of +1.9%, guidance of +LSD, and +3%LY.
Key June themes include: (1) shift of Memorial Day out of May and into June (estimate ~+2% impact), (2)... More
L Brands (LB): June Retail Ended Strong Overall - Jefferies
July 5, 2016 9:17 AM EDTJefferies analyst, Randall Koenik, believes retailers wrapped up the calendar month of June with a solid July 4th Weekend, as the combo of weather and promos drove healthy traffic and conversion. Old Navy and Gap (NYSE: GPS) appeared see a nice lift from their 4th of July Weekend sales, while the reaction to the VS... More
