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.