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LB $79.92

LB target price
79.92
0
111
L Brands Inc.
Type
Public
Traded as NYSE: LB
S&P 500 Component
Industry Retailing
Founded 1963; 54 years ago (1963)
Founder Leslie H. Wexner
Headquarters Columbus, Ohio, U.S.
Key people
Les Wexner, CEO
Products Clothing, fashion accessory
Revenue Increase US$ 12.574 billion (2016)
Operating income
Decrease US$ 2.002 billion (2016)
Net income
Decrease US$ 1.158 billion (2016)
Total assets Increase US$ 8.493 billion (2016)
Total equity Decrease US$ -259 million (2016)
Number of employees
55,400 (2015)
Subsidiaries Victoria's Secret
Pink
Bath & Body Works
Henri Bendel
La Senza
Website www.lb.com

L Brands Inc. (formerly known as Limited Brands Inc and The Limited Inc.) is an American fashion retailer based in Columbus, Ohio.

Its flagship brands include Victoria's Secret and Bath & Body Works. L Brands posted $10.5 billion in revenue in 2013, and was listed as #258 in the 2013 Fortune 500 list of top companies.

Bella Cabakoff was born in Williamsburg, Brooklyn and moved to Columbus as a toddler. At age 21, she became the youngest buyer for the Lazarus department store chain. After spending over 20 years working for Lazarus, in 1951 she and her husband Harry Wexner opened a women's clothing store named Leslie's (after their son) on State Street. This store became the training ground for Leslie "Les" Wexner. In 1963, he borrowed $5,000 from his aunt and $5,000 from the bank and opened a store at the Kingsdale Shopping Center in Upper Arlington, Ohio. This store was named "The Limited" because the store focused on clothing for younger women, unlike his parents' general merchandise store. Later in 1964, Bella and Harry closed their store to join their son in his venture.

The original board consisted of only the three family members and longtime friend Jim Waldron, who served as Senior Vice President. Bella Wexner served as secretary until her death in 2001, Harry as chairman, who served until his death in 1975, and Leslie succeeded his father as the chairman and later became CEO. As of 2014 he and his family continue to own 17% of LB. In 1969, Wexner took The Limited Brands public and sold 47,600 share at $7.25 a share. In 1977, The Limited moved into its main headquarters on Morse Road in Columbus, from which it still operates today. In 1982, The Limited was first listed on The New York Stock Exchange.

The 1980s started a string of acquisitions. In 1982, the Victoria's Secret brand, store, and catalogue were purchased from Roy Raymond for $1 million. Also in 1982, 207 Lane Bryant stores were purchased. In 1985, a single Henri Bendel store was purchased for $10 million and 798 Lerner stores for $297 million. Finally, in 1988, 25 Abercrombie & Fitch stores were purchased for $46 million. In 1996 The Limited phased out its ownership of the A&F brand, when it was spun off into a publicly traded company.

The 1990s saw the initial development of the Limited Too, Bath & Body Works, Structure, and Victoria's Secret Beauty. Later in 1998, several Bath & Body Works stores were converted to The White Barn Candle Company stores to begin a home fragrance brand.

In 2005 Limited Brands purchased home fragrance manufacturer Slatkin & Company.

On August 3, 2007, Limited Brands sold 75% ownership of its flagship Limited chain. In 2010, the remaining 25% shares to buyout firm Sun Capital Partners Inc. Stefan M. Selig from Bank of America was involved in these deals. The Limited announced on its website that all the Limited stores in the United States had officially closed their doors on January 7, 2017. The web retail operation of the Limited stores, thelimited.com, will continue to open for business and ship nationwide. The Limited online has officially filed for bankruptcy and discontinued all services.

L Brands currently operates the following retail brands:

Although not part of L Brands, they also have distribution rights (exclusive or non-exclusive) for the following brands:

Previous brands that were spun off include:

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q4 2022 2022-02-24 Future report Set alerts
Q2 2022 2021-08-18 Future report Set alerts
Q1 2022 2021-05-19 1.25 1.25
Q4 2021 2021-02-24 3.03 3.03
Q3 2021 2020-11-18 1.13 1.13
Q2 2021 2020-08-19 0.25 0.25
Q1 2021 2020-05-20 -0.99 -0.99
Q4 2020 2020-02-26 1.88 1.88
Q3 2020 2019-11-20 0.02 0.02
Q2 2020 2019-08-21 0.24 0.24

Ratings

2016-07-10 Reiterated Rating Deutsche Bank AG Buy
2016-07-09 Reiterated Rating Nomura Holdings Inc. Hold
2016-07-08 Reiterated Rating MKM Partners Neutral $60.00
2016-07-07 Reiterated Rating Stifel Nicolaus Buy $75.00
2016-07-06 Reiterated Rating FBR & Co Market Perform $63.00
2016-06-28 Downgrade Bank of America Neutral to Underperform $74.00 to $57.00
2016-06-28 Downgrade Bank of America Corp. Neutral to Underperform $74.00 to $57.00
2016-06-21 Reiterated Rating Oppenheimer Market Perform $75.00
2016-06-21 Reiterated Rating Oppenheimer Holdings Inc. Market Perform $75.00
2016-06-04 Reiterated Rating Credit Suisse Hold
2016-06-04 Reiterated Rating Credit Suisse Group AG Hold
2016-06-03 Reiterated Rating Mizuho Buy $75.00
2016-06-03 Reiterated Rating Stifel Nicolaus Buy $75.00
2016-06-02 Reiterated Rating FBR & Co. Hold $63.00
2016-06-02 Reiterated Rating FBR & Co Hold $63.00
2016-05-31 Reiterated Rating Deutsche Bank Buy
2016-05-31 Reiterated Rating Deutsche Bank AG Buy
2016-05-22 Reiterated Rating Morgan Stanley Buy
2016-05-22 Reiterated Rating FBR & Co. Hold
2016-05-22 Reiterated Rating Goldman Sachs Hold
2016-05-22 Reiterated Rating Cowen and Company Buy
2016-05-22 Reiterated Rating Goldman Sachs Group Inc. Hold
2016-05-20 Reiterated Rating BMO Capital Markets Hold
2016-05-20 Reiterated Rating Jefferies Group Hold $55.00
2016-05-20 Lower Price Target Goldman Sachs Neutral $75.00 to $64.00
2016-05-20 Lower Price Target Cowen and Company Outperform $81.00 to $70.00
2016-05-20 Lower Price Target Sanford C. Bernstein Outperform $90.00 to $76.00
2016-05-20 Lower Price Target Wedbush Neutral $72.00 to $65.00
2016-05-20 Lower Price Target RBC Capital Sector Perform $75.00 to $68.00
2016-05-20 Lower Price Target Wolfe Research Peer Perform $70.00 to $62.00
2016-05-20 Lower Price Target Telsey Advisory Group Outperform $95.00 to $88.00
2016-05-20 Lower Price Target FBR & Co. Mkt Perform $93.00 to $63.00
2016-05-20 Reiterated Rating JPMorgan Chase & Co. Neutral $61.00 to $60.00
2016-05-20 Lower Price Target Royal Bank Of Canada Sector Perform $75.00 to $68.00
2016-05-19 Reiterated Rating Piper Jaffray Sell $65.00 to $47.00
2016-05-19 Boost Price Target Mizuho Buy $75.00 to $110.00
2016-05-19 Lower Price Target Deutsche Bank Buy $84.00 to $76.00
2016-05-19 Reiterated Rating Topeka Capital Markets Buy $115.00 to $86.00
2016-05-19 Downgrade MKM Partners Buy to Neutral $83.00 to $60.00
2016-05-19 Downgrade Robert W. Baird Outperform to Neutral $84.00 to $66.00
2016-05-19 Reiterated Rating Piper Jaffray Cos. Sell $65.00 to $47.00
2016-05-18 Reiterated Rating Wells Fargo Hold
2016-05-18 Reiterated Rating Wells Fargo & Co. Hold
2016-05-08 Reiterated Rating Oppenheimer Hold
2016-05-08 Reiterated Rating Robert W. Baird Buy
2016-05-07 Reiterated Rating Stifel Nicolaus Buy $90.00
2016-05-06 Reiterated Rating MKM Partners Buy $105.00 to $83.00
2016-05-06 Boost Price Target Telsey Advisory Group Outperform $95.00 to $115.00
2016-05-05 Downgrade Piper Jaffray Neutral to Underweight $65.00
2016-04-28 Upgrade Sanford C. Bernstein Market Perform to Outperform $91.00
2016-04-26 Initiated Coverage Deutsche Bank Buy $94.00
2016-04-25 Upgrade Stifel Nicolaus Hold to Buy $90.00
2016-04-20 Reiterated Rating Citigroup Inc. Hold
2016-04-12 Reiterated Rating Stifel Nicolaus Hold
2016-04-12 Downgrade Goldman Sachs Buy to Neutral $115.00 to $91.00
2016-04-09 Reiterated Rating Mizuho Buy $110.00
2016-04-09 Reiterated Rating MKM Partners Buy
2016-04-08 Reiterated Rating Bank of America Hold $95.00
2016-04-08 Reiterated Rating Citigroup Inc. Neutral $100.00 to $90.00
2016-04-06 Reiterated Rating FBR & Co. Hold
2016-03-17 Downgrade Credit Suisse Outperform to Neutral $103.00 to $90.00
2016-03-04 Reiterated Rating Brean Capital Buy $100.00
2016-02-29 Lower Price Target Wolfe Research Peer Perform $95.00 to $90.00
2016-02-27 Reiterated Rating Nomura Hold
2016-02-27 Reiterated Rating Nomura Holdings Inc. Hold
2016-02-26 Reiterated Rating Sanford C. Bernstein Market Perform $93.00 to $95.00
2016-02-26 Lower Price Target RBC Capital Sector Perform $97.00 to $92.00
2016-02-25 Reiterated Rating Piper Jaffray Hold $105.00 to $93.00
2016-02-25 Lower Price Target MKM Partners Buy $109.00 to $105.00
2016-02-25 Lower Price Target Nomura Neutral $91.00 to $73.00
2016-02-25 Lower Price Target FBR & Co. Market Perform $98.00 to $93.00
2016-02-25 Lower Price Target Barclays Hold to Equal Weight $85.00 to $75.00
2016-02-25 Lower Price Target Barclays PLC Hold to Equal Weight $85.00 to $75.00
2016-02-16 Lower Price Target Robert W. Baird Outperform $104.00 to $100.00
2016-02-08 Upgrade Brean Capital Hold to Buy $100.00
2016-02-05 Reiterated Rating FBR & Co. Hold $98.00
2016-02-05 Lower Price Target JPMorgan Chase & Co. $97.00 to $88.00
2016-02-04 Reiterated Rating Stifel Nicolaus Hold
2016-01-10 Reiterated Rating FBR & Co. Hold $98.00
2016-01-09 Reiterated Rating Brean Capital Hold
2016-01-08 Reiterated Rating MKM Partners Buy $109.00
2016-01-07 Reiterated Rating Cantor Fitzgerald Hold $99.00
2015-12-06 Reiterated Rating Wedbush Neutral $101.00 to $102.00
2015-12-03 Reiterated Rating Cowen and Company Buy $110.00
2015-12-03 Reiterated Rating Cantor Fitzgerald Hold $96.00 to $99.00
2015-11-25 Reiterated Rating Brean Capital Hold
2015-11-21 Reiterated Rating Citigroup Inc. Hold $100.00
2015-11-20 Boost Price Target Wedbush Neutral $100.00 to $101.00
2015-11-20 Boost Price Target Credit Suisse Outperform $100.00 to $102.00
2015-11-19 Reiterated Rating Stifel Nicolaus Hold
2015-11-19 Reiterated Rating Piper Jaffray Neutral $101.00 to $100.00
2015-11-19 Reiterated Rating Nomura Hold $84.00
2015-11-14 Reiterated Rating Sanford C. Bernstein Market Perform
2015-11-13 Reiterated Rating Oppenheimer Market Perform $82.00 to $90.00
2015-11-10 Lower Price Target Credit Suisse Outperform $100.00 to $94.00
2015-11-09 Downgrade JPMorgan Chase & Co. Overweight to Neutral $95.00 to $100.00
2015-11-04 Boost Price Target Topeka Capital Markets Buy $109.00 to $115.00
2015-11-04 Boost Price Target Cowen and Company Outperform $100.00 to $110.00
2015-11-04 Boost Price Target BMO Capital Markets $76.00 to $97.00
2015-11-04 Boost Price Target Sanford C. Bernstein Outperform $92.00 to $93.00
2015-11-04 Boost Price Target MKM Partners Buy $107.00 to $109.00
2015-11-04 Boost Price Target Telsey Advisory Group Outperform $110.00 to $115.00
2015-11-04 Boost Price Target RBC Capital Sector Perform $87.00 to $97.00
2015-11-03 Reiterated Rating Mizuho Buy $100.00 to $110.00
2015-11-03 Boost Price Target Robert W. Baird Outperform $103.00 to $105.00
2015-10-29 Initiated Coverage Barclays Equal Weight $85.00
2015-10-22 Initiated Coverage Wells Fargo Market Perform
2015-10-12 Reiterated Rating FBR & Co. Hold
2015-10-09 Reiterated Rating Mizuho Buy $100.00
2015-10-09 Boost Price Target FBR & Co. Market Perform $85.00 to $95.00
2015-10-09 Reiterated Rating Piper Jaffray Hold $97.00 to $98.00
2015-10-09 Boost Price Target Telsey Advisory Group Outperform $104.00 to $110.00
2015-10-07 Initiated Coverage Citigroup Inc. Neutral $89.00
2015-09-17 Initiated Coverage MKM Partners Buy $107.00
2015-09-05 Reiterated Rating FBR & Co. Hold
2015-09-04 Reiterated Rating Cantor Fitzgerald Hold $83.00 to $84.00
2015-09-04 Reiterated Rating Brean Capital Hold
2015-09-04 Boost Price Target FBR & Co. Market Perform $82.00 to $85.00
2015-09-03 Reiterated Rating Cowen and Company Outperform $100.00
2015-09-03 Reiterated Rating Mizuho Buy
2015-08-24 Reiterated Rating FBR & Co. Hold
2015-08-22 Boost Price Target Wedbush Neutral $89.00 to $91.00
2015-08-21 Reiterated Rating Stifel Nicolaus Hold
2015-08-21 Reiterated Rating Cowen and Company Outperform $100.00
2015-08-21 Lower Price Target FBR & Co. Sector Perform $95.00 to $87.00
2015-08-21 Reiterated Rating Brean Capital Hold
2015-08-21 Reiterated Rating Cantor Fitzgerald Hold $83.00
2015-08-21 Reiterated Rating Wedbush Hold $89.00 to $81.00
2015-08-21 Lower Price Target RBC Capital Sector Perform $95.00 to $87.00
2015-08-20 Reiterated Rating Mizuho Buy $108.00 to $100.00
2015-08-17 Initiated Coverage Wolfe Research Peer Perform $84.00
2015-08-12 Downgrade BMO Capital Markets Outperform to Market Perform $103.00 to $76.00
2015-08-10 Reiterated Rating Buckingham Research Neutral $88.00 to $80.00
2015-08-10 Reiterated Rating Brean Capital Hold
2015-08-07 Reiterated Rating Cantor Fitzgerald Hold $84.00 to $83.00
2015-07-09 Reiterated Rating Mizuho Buy $108.00
2015-07-06 Reiterated Rating FBR & Co. Market Perform $93.00
2015-06-30 Boost Price Target Oppenheimer Market Perform $70.00 to $82.00
2015-06-25 Initiated Coverage BB&T Corp. Buy to Buy $100.00
2015-06-22 Reiterated Rating Stifel Nicolaus Hold
2015-06-08 Reiterated Rating Brean Capital Hold
2015-06-06 Reiterated Rating Cantor Fitzgerald Hold $84.00 to $85.00
2015-05-26 Upgrade Goldman Sachs Buy to Conviction-Buy $104.00 to $106.00
2015-05-24 Reiterated Rating Sanford C. Bernstein Market Perform $95.00 to $93.00
2015-05-23 Reiterated Rating Stifel Nicolaus Hold
2015-05-23 Reiterated Rating Piper Jaffray Neutral $102.00 to $97.00
2015-05-22 Reiterated Rating Cantor Fitzgerald Hold $84.00
2015-05-22 Reiterated Rating Brean Capital Hold
2015-05-19 Reiterated Rating Wedbush Hold $92.00 to $94.00
2015-05-10 Reiterated Rating Sterne Agee CRT Buy $103.00
2015-05-09 Reiterated Rating JPMorgan Chase & Co. Overweight $64.00 to $100.00
2015-05-08 Reiterated Rating Cantor Fitzgerald Hold $87.00
2015-05-04 Initiated Coverage RBC Capital Sector Perform $95.00
2015-04-29 Initiated Coverage Cantor Fitzgerald Hold $85.00
2015-04-27 Boost Price Target Nomura Neutral $80.00 to $96.00
2015-04-15 Boost Price Target Piper Jaffray Hold $91.00 to $102.00
2015-04-10 Reiterated Rating Brean Capital Hold
2015-04-10 Boost Price Target FBR & Co. Market Perform $90.00 to $93.00
2015-04-06 Upgrade Mizuho Neutral to Buy $92.00 to $108.00
2015-03-31 Initiated Coverage Brean Capital Hold $95.00
2015-03-24 Initiated Coverage Topeka Capital Markets Buy $106.00
2015-02-27 Boost Price Target Barclays Overweight $90.00 to $100.00
2015-02-27 Boost Price Target BMO Capital Markets $90.00 to $103.00
2015-02-26 Set Price Target Wunderlich Buy $112.00
2015-02-26 Set Price Target Wedbush Hold $93.00
2015-02-26 Set Price Target Cowen and Company Buy $98.00
2015-02-13 Initiated Coverage Janney Montgomery Scott Neutral $87.00
2015-02-06 Downgrade Buckingham Research Buy to Neutral
2015-02-06 Boost Price Target Telsey Advisory Group Outperform $97.00 to $104.00
2015-02-05 Boost Price Target Mizuho Neutral $82.00 to $92.00
2015-02-04 Initiated Coverage Guggenheim Buy
2015-01-29 Initiated Coverage Wedbush Neutral $87.00
2015-01-16 Reiterated Rating Wunderlich Buy
2015-01-15 Initiated Coverage Sanford C. Bernstein Market Perform
2015-01-07 Set Price Target Wunderlich Buy $90.00 to $112.00
2015-01-05 Upgrade Jefferies Group Underperform to Hold $61.00 to $85.00
2014-12-18 Initiated Coverage Goldman Sachs Buy
2014-12-16 Initiated Coverage Cowen and Company Outperform $96.00
2014-12-12 Downgrade Stifel Nicolaus Buy to Hold
2014-12-04 Boost Price Target Mizuho Hold $76.00 to $82.00
2014-12-04 Boost Price Target Credit Suisse Outperform $81.00 to $82.00
2014-11-21 Reiterated Rating Morgan Stanley Overweight $76.00 to $84.00
2014-11-20 Reiterated Rating Stifel Nicolaus Buy
2014-11-20 Boost Price Target Wunderlich Buy $82.00 to $90.00
2014-11-07 Reiterated Rating Oppenheimer Market Perform $56.00 to $70.00
2014-11-07 Downgrade Susquehanna Positive to Neutral $78.00 to $83.00
2014-11-05 Reiterated RBC Capital Mkts Outperform $70 to $76
2014-11-05 Reiterated Rating FBR & Co. Market Perform $62.00 to $72.00
2014-11-05 Boost Price Target RBC Capital Outperform $70.00 to $76.00
2014-11-04 Boost Price Target Mizuho Neutral $65.00 to $76.00
2014-11-04 Reiterated Rating Wunderlich Buy $75.00 to $82.00
2014-10-27 Upgrade Bank of America Underperform to Neutral
2014-10-20 Upgrade Tigress Financial Neutral to Buy
2014-10-16 Upgrade Wells Fargo & Co. Market Perform to Outperform
2014-10-16 Upgrade Wells Fargo Market Perform to Outperform
2014-10-10 Boost Price Target Telsey Advisory Group Outperform $73.00 to $80.00
2014-10-10 Reiterated RBC Capital Mkts Outperform $68 to $70
2014-10-10 Boost Price Target RBC Capital Outperform $68.00 to $70.00
2014-10-09 Reiterated Rating Credit Suisse Outperform $73.00 to $74.00
2014-10-07 Reiterated Rating Buckingham Research Buy $74.00 to $82.00
2014-10-06 Upgrade BMO Capital Markets Market Perform to Outperform $58.00 to $80.00
2014-09-16 Downgrade Piper Jaffray Overweight to Neutral $60.00 to $61.00
2014-09-12 Initiated Coverage Wunderlich Buy $75.00
2014-09-10 Upgrade Credit Suisse Neutral to Outperform $65.00 to $73.00
2014-09-04 Reiterated Rating Stifel Nicolaus Buy
2014-08-22 Reiterated Rating Citigroup Inc. Buy $63.00 to $72.00
2014-08-22 Reiterated Rating Credit Suisse Neutral $65.00 to $59.00
2014-08-22 Reiterated Rating FBR & Co. Market Perform $57.00 to $62.00
2014-08-22 Boost Price Target Telsey Advisory Group Not Rated $68.00 to $73.00
2014-08-22 Boost Price Target RBC Capital Outperform $64.00 to $68.00
2014-08-21 Reiterated UBS Buy $65 to $69
2014-08-08 Reiterated Rating Nomura Neutral $55.00 to $59.00
2014-08-08 Boost Price Target RBC Capital Outperform $62.00 to $64.00
2014-06-09 Upgrade Oppenheimer Underperform to Market Perform $46.00 to $56.00
2014-06-05 Reiterated Rating Stifel Nicolaus Buy
2014-05-23 Upgrade Stifel Nicolaus Hold to Buy $68.00
2014-04-11 Boost Price Target Mizuho $52.00 to $56.00
2014-03-11 Boost Price Target Susquehanna $66.00 to $69.00
2014-02-27 Lower Price Target Canaccord Genuity Hold $53.00 to $52.00
2014-02-27 Upgrade Buckingham Research Neutral to Buy
2014-02-25 Lower Price Target Susquehanna $67.00 to $66.00
2014-02-20 Lower Price Target Brean Capital $70.00 to $65.00
2014-02-07 Reiterated Rating Nomura Positive
2014-01-29 Initiated Coverage Buckingham Research Accumulate to Neutral $57.00
2014-01-10 Lower Price Target Mizuho Neutral $65.00 to $58.00
2014-01-09 Lower Price Target Canaccord Genuity Hold $54.00 to $53.00
2014-01-07 Boost Price Target FBR & Co. Market Perform $61.00 to $64.00
2013-12-12 Initiated Coverage Brean Capital Buy $70.00
2016-07-10 Reiterated Rating Deutsche Bank AG Buy
2016-07-09 Reiterated Rating Nomura Holdings Inc. Hold
2016-07-08 Reiterated Rating MKM Partners Neutral $60.00
2016-07-07 Reiterated Rating Stifel Nicolaus Buy $75.00
2016-07-06 Reiterated Rating FBR & Co Market Perform $63.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks