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Services Stock under Consideration: L Brands (NYSE: LB)

Ruby Warren

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On Monday, Shares of L Brands (NYSE: LB) surged 3.56% to $35.80. The stock opened its trade at $34.94 and after floating in a price range of $34.72 to $35.85; the stock grabbed the investor’s attention and traded 5,885,257 shares as compared to its average daily volume of 4.82M shares. The stock’s institutional ownership stands at 79.50%.

L Brands, Inc. (LB) recently stated first quarter earnings results.

The company stated net sales of $2.626B for the first quarter ended May 5, 2018, a boost of 8 percent contrast to sales of $2.437B for the quarter ended April 29, 2017.  Comparable sales for the first quarter ended May 5, 2018, increased 3 percent contrast to the thirteen weeks ended May 6, 2017.

LB has a market value of $9.79B while its EPS was booked as $2.97 in the last 12 months. The stock has 273.48M shares outstanding. In the profitability analysis, the company has gross profit margin of 39.00% while net profit margin was 7.40%. Beta value of the company was 0.76; beta is used to measure riskiness of the security. Analyst recommendation for this stock stands at 2.70.

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I am Ruby Warren and I give “IRN Post” an insight into the most recent news hitting the “Services” sector in Wall Street. I have been an independent financial adviser for over 11 years in the city and in recent years turned my experience in finance and passion for journalism into a full time role. I perform analysis of Companies and publicize valuable information for shareholder community.

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