L Brands, Inc. (NYSE:LB) received a $44.00 target price from stock analysts at BMO Capital Markets in a report issued on Tuesday. The firm currently has a “hold” rating on the specialty retailer’s stock. BMO Capital Markets’ target price would suggest a potential upside of 3.12% from the stock’s current price.
A number of other equities research analysts have also commented on LB. UBS AG dropped their price objective on shares of L Brands from $52.00 to $44.00 and set a “neutral” rating on the stock in a report on Friday, August 4th. BidaskClub lowered shares of L Brands from a “hold” rating to a “sell” rating in a report on Friday, July 28th. FBR & Co restated an “outperform” rating and set a $60.00 price objective on shares of L Brands in a report on Thursday, July 27th. Buckingham Research lowered their price target on shares of L Brands from $62.00 to $52.00 and set a “buy” rating on the stock in a research note on Friday, August 4th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $55.00 price target on shares of L Brands in a research note on Monday, July 24th. Five investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $55.76.
Shares of L Brands (NYSE:LB) opened at 42.67 on Tuesday. The company has a 50-day moving average of $48.04 and a 200-day moving average of $51.33. The company has a market capitalization of $12.24 billion, a PE ratio of 11.24 and a beta of 0.62. L Brands has a one year low of $41.28 and a one year high of $79.67.
L Brands (NYSE:LB) last issued its quarterly earnings data on Wednesday, May 17th. The specialty retailer reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.04. L Brands had a net margin of 8.87% and a negative return on equity of 104.19%. The business had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.46 billion. During the same period last year, the business posted $0.59 earnings per share. The firm’s quarterly revenue was down 6.8% on a year-over-year basis. On average, analysts anticipate that L Brands will post $3.24 earnings per share for the current year.
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In other L Brands news, CEO Nicholas Coe sold 39,839 shares of L Brands stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $48.88, for a total value of $1,947,330.32. Following the completion of the sale, the chief executive officer now owns 75,658 shares in the company, valued at approximately $3,698,163.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 16.45% of the stock is owned by insiders.
A number of hedge funds have recently modified their holdings of the company. Norway Savings Bank boosted its stake in shares of L Brands by 0.5% in the second quarter. Norway Savings Bank now owns 10,345 shares of the specialty retailer’s stock valued at $557,000 after buying an additional 50 shares during the period. Cleararc Capital Inc. boosted its stake in shares of L Brands by 1.3% in the first quarter. Cleararc Capital Inc. now owns 5,893 shares of the specialty retailer’s stock valued at $278,000 after buying an additional 74 shares during the period. Louisiana State Employees Retirement System boosted its stake in shares of L Brands by 0.7% in the second quarter. Louisiana State Employees Retirement System now owns 14,900 shares of the specialty retailer’s stock valued at $803,000 after buying an additional 100 shares during the period. Financial Advisors Network Inc. boosted its stake in shares of L Brands by 2.8% in the second quarter. Financial Advisors Network Inc. now owns 4,879 shares of the specialty retailer’s stock valued at $263,000 after buying an additional 134 shares during the period. Finally, Oregon Public Employees Retirement Fund boosted its stake in shares of L Brands by 0.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 25,216 shares of the specialty retailer’s stock valued at $1,188,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 75.43% of the company’s stock.
L Brands Company Profile
L Brands, Inc operates specialty retail business. The Company is focused on women’s intimate and other apparel, personal care, beauty and home fragrance categories. Its segments include Victoria’s Secret, Bath & Body Works, and Victoria’s Secret and Bath & Body Works International. It sells its merchandise through company-owned specialty retail stores in the United States, Canada, the United Kingdom and Greater China, which are mall-based; through Websites, and through international franchise, license and wholesale partners.
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