Eye Catching Stock: L Brands (LB)

James Blair

L Brands (LB) spotted trading -35.29% off 52-week high price. On the other end, the stock has been noted 14.67% away from the low price over the last 52-weeks. The stock changed 2.80% to recent value of $24.59. The stock transacted 6430783 shares during most recent day however it has an average volume of 4818.19K shares. The company has 268.81M of outstanding shares and 227.7M shares were floated in the market.  

L Brands (LB) announced  the closing of its previously announced offering of $500 million aggregate principal amount of its 7.500% unsecured senior notes due 2029 (the 2029 Notes) and the early settlement of its tender offer (the Tender Offers) to purchase for cash (i) any and all of its outstanding 7.000% Senior Notes due 2020 (the 2020 Notes) and (ii) its outstanding 6.625% Senior Notes due 2021 (the 2021 Notes), 5.625% Senior Notes due 2022 (the 2022 Notes) and 5.625% Senior Notes due 2023 (the 2023 Notes and, together with the 2021 Notes and the 2022 Notes, the Waterfall Notes) up to an aggregate principal amount that will not result in an aggregate purchase price (excluding accrued and unpaid interest) that exceeds $449 million (the Waterfall Tender Cap), subject to the order of priority and proration provisions set forth in the Offer to Purchase described below. The Waterfall Notes and 2020 Notes are together, the Notes. The Tender Offers provide for early settlement of all Notes that were tendered by 5:00 p.m., New York City time, on June 18, 2019 (the Early Tender Date).   Its earnings per share (EPS) expected to touch remained -25.70% for this year while earning per share for the next 5-years is expected to reach at 7.24%. LB has a gross margin of 37.70% and an operating margin of 9.30% while its profit margin remained 4.80% for the last 12 months. 

 According to the most recent quarter its current ratio was 1.3 that represents company’s ability to meet its current financial obligations. The price moved ahead of 6.79% from the mean of 20 days, 2.48% from mean of 50 days SMA and performed -11.52% from mean of 200 days price. Company’s performance for the week was 9.24%, 14.37% for month and YTD performance remained -4.21%.

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