Limited Brands Reports Increased Sales (LTD)
Apparel company, Limited Brands, Inc.(LTD) reported increased store sales for Decemeber.
The Columbus, OH based company reported a 3% increase from last year in store sales for the five weeks ended Dec. 29, 2012. The company reported sales of $1.947 billion, compared to $1.868 last year.
For the 48 weeks ended Dec. 29 2012, the company reported sales of $9.472 billion, up 6% from last years sales of $9.590 billion.
Limited Brands shares were down -$1.90, or -4% during premarket trading Thursday. The stock has increased 17% in the past year.
The Bottom Line
Shares of Limited Brands (LTD) have a 2.11% dividend yield, based on last night’s closing stock price of $47.40. The stock has technical support in the $42-$44 price area. If the shares can firm up, we see overhead resistance around the $50-$52 price levels.
Limited Brands, Inc.(LTD) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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