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7 Retailers That Are Bucking the E-Commerce Trend - 3 of 7

 
 

#3 - L Brands (NYSE:LB)

Self-care took on heightened importance during the pandemic. And with brands like Bath & Body Works and Victoria’s Secret, L Brands (NYSE:LB) was in a good position to capitalize. LB stock has grown over 450% in the last 12 months.

And after a year in which the company proved it could flourish in an e-commerce environment, analysts are projecting that there may be growth ahead. LB stock was upwardly revised from 98 cents to $1.25 in advance of their first-quarter earnings report. If the company delivers on that number and comes in at or above its top-line estimate of $2.89 billion the company would show not only a year-over-year gain, but also a gain from the same quarter in 2019.

Investors should note that the company is spinning off its Victoria’s Secret and Bath & Body Works into two publicly traded companies. A previous deal to sell the Victoria’s Secret business fell through during the pandemic. At the time, Victoria’s Secret was valued at $1.1 billion.

About LandBridge

LandBridge Company LLC owns and manages land and resources to support and enhance oil and natural gas development in the United States. It owns surface acres in and around the Delaware Basin in Texas and New Mexico. The company holds a portfolio of oil and gas royalties. It also sells brackish water and other surface composite materials. Read More 
Current Price
$77.46
Consensus Rating
Moderate Buy
Ratings Breakdown
6 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
Consensus Price Target
$36.57 (52.8% Downside)

 

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