Andreas
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Andreas in Insider trading,

L Brands may rise after strong Q3 report

Shares of L Brands (LB), a major US retail chain of fashionable clothes, which owns famous brands Victoria's Secret and Bath & Body Works, may grow on the release of strong financial report for Q3FY15. According to the report, revenue rose 7% y-o-y to $2.48 bn, while adjusted EPS jumped 25% y-o-y to 55 cents, outpacing expectation of 53 cents. LFL sales were up 7% y-o-y. Notably, L Brands pays generous quarterly dividend of 50 cents, taking into account special dividend of $2.5, the company’s dividend yield matches 4.3%. Strong results in Q3 allowed the company’s management to upgrade its forecasts for FY15. EPS was revised up from $3.58-3.73 to $3.69-3.79. New Year and Christmas holidays, the busiest time for retailers, are coming. I believe that the upcoming Christmas season will be successful fot L Brands and I rate the name as a Buy.