L Brands Upgraded by Stifel Nicolaus to Buy (LB)
Shares of L Brands (NYSE:LB) opened at 56.69 on Friday. L Brands has a 52-week low of $48.76 and a 52-week high of $67.12. The stock has a 50-day moving average of $55.71 and a 200-day moving average of $57.88. The company has a market cap of $16.497 billion and a P/E ratio of 18.31.
L Brands (NYSE:LB) last issued its quarterly earnings data on Wednesday, May 21st. The company reported $0.53 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.52 by $0.01. The company had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.38 billion. During the same quarter last year, the company posted $0.48 earnings per share. L Brands’s revenue was up 5.5% compared to the same quarter last year. Analysts expect that L Brands will post $3.25 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Mizuho raised their price target on shares of L Brands from $52.00 to $56.00 in a research note on Friday, April 11th. Separately, analysts at Susquehanna raised their price target on shares of L Brands from $66.00 to $69.00 in a research note on Tuesday, March 11th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of L Brands in a research note on Wednesday, March 5th. They now have a $59.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $62.60.
L Brands, Inc, formerly Limited Brands, Inc operates in the specialty retail business. The Company is a specialty retailer of women’s intimate and other apparel, beauty and personal care products and accessories.
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