#5 - L. Brands (NYSE:LB)
L. Brands (NYSE: LB) - L. Brands has been one of the most punished stocks in 2018, showing a YTD decline of 46.93%. Fortunes of the parent company for Victoria’s Secret and Bath & Body Works may be looking up. The company reported sales of $1.596 billion for the four weeks ending December 1, which included record Cyber Monday sales from their Victoria’s Secret brand and 18% same-store sales growth from Bath & Body Works. The sales numbers were up from $1.267 billion for the same year in the prior period. This was particularly encouraging coming off the company’s 8% growth in sales for the last quarter. In the past three months, the stock price has risen an encouraging 13.49%. Some analysts cite that much of the sales for Victoria’s Secret is promotionally driven and that margins fell for Bath & Body Works for the first time since June. However, the company says their products are being well accepted. In retail, having products that resonate with consumers is a positive sign.
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
- $74.24
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 6 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $36.57 (50.7% Downside)
