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Shares of American Eagle Outfitters (NYSE: AEO) , L Brands (NYSE: LB) , and Abercrombie & Fitch (NYSE: ANF) , well-known apparel retailers, all dropped sharply during trading Wednesday as new economic data looked bleak. American Eagle and L Brands both ended the day down more than 1...
Source: Barron's The coronavirus has practically led to a shutdown of the U.S. economy. Millions of Americans are staying home and avoiding large crowds. Several retailers like L Brands (LB) have temporarily closed stores to help stop the spread of the virus. The company had over 2,900 s...
Article Thesis Much has been said about the so-called retail apocalypse in the past, a term that describes the presumed death of brick-and-mortar retail ( XRT ), primarily centered on shopping malls. In reality, not all brick-and-mortar retail is created equal, though, and although it is t...
Shares of L Brands (NYSE: LB) slid 46.6% in March, according to data provided by S&P Global Market Intelligence , after the company temporarily shuttered stores and took steps to preserve its finances as the coronavirus outbreak deepened. L Brands shut its Bath & Body Works an...
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Bath & Body Works is opening two stores near Columbus, Ohio back up after local officials agreed that the retailer could be considered an essential business on its promise to sell loads of soap and hand sanitizer products. More news on: L Brands, Inc., Consumer stocks news, Read ...
American Eagle ( AEO ) is an iconic retail brand which even prior to the coronavirus crash faced the struggles of declining margins. Valuations have become cheap enough to make AEO a very compelling pick at a low single-digit multiple of earnings. AEO has a strong balance sheet with net cash a...
Canopy Growth (NYSE: CGC) has a pair of new faces in its boardroom. On Wednesday, the company said it appointed two new directors to its board, Terry Yanofsky and David Lazzarato. The appointments are effective immediately. The newcomers replace the outgoing John Bell and Peter Stringham. B...
Source: Fortune According to Women's Wear Daily, the sale of Victoria's Secret by L Brands ( LB ) could be in jeopardy: Parent company L Brands ’s deal to sell a 55-percent stake of the Victoria’s Secret lingerie and beauty divisions, along with the Pink business...
Apparel stocks are being particularly hard hit today as investors size up an even longer period of stay-at-home orders from local and federal officials. Highlighting that point Virginia's stay-at-home directive was extended until June 10. More news on: G-III Apparel Group, Ltd., Kontoor Br...
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2024-07-24 12:15:02 ET Johnson Rice analyst issues BUY recommendation for LB on July 24, 2024 10:57AM ET. LB was trading at $28.95 at issue of the analyst recommendation. The overall analyst consensus : BUY. Current analyst recommendations are : 7 - Buy, 3 - Hold recomme...
2024-07-23 15:00:04 ET John Mackay from Goldman Sachs issued a price target of $35.00 for LB on 2024-07-23 12:30:00. The adjusted price target was set to $35.00. At the time of the announcement, LB was trading at $28.92. The overall price target consensus is at $58.83 wi...
2024-07-23 15:00:04 ET Mark Lear from Piper Sandler issued a price target of $30.00 for LB on 2024-07-23 12:30:00. The adjusted price target was set to $30.00. At the time of the announcement, LB was trading at $28.92. The overall price target consensus is at $58.83 with...