L Brands Receives “Neutral” Rating from Zacks (LB)
L Brands (NYSE:LB)‘s stock had its “neutral” rating reaffirmed by Zacks in a research report issued on Friday. They currently have a $60.00 target price on the stock. Zacks‘s target price indicates a potential upside of 5.58% from the stock’s previous close.
Shares of L Brands (NYSE:LB) traded up 0.56% on Friday, hitting $57.15. The stock had a trading volume of 424,561 shares. L Brands has a 52-week low of $48.77 and a 52-week high of $67.12. The stock has a 50-day moving average of $55.38 and a 200-day moving average of $57.67. The company has a market cap of $16.631 billion and a price-to-earnings ratio of 18.34.
L Brands (NYSE:LB) last posted its quarterly earnings results on Wednesday, May 21st. The company reported $0.53 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.48 earnings per share. The company’s quarterly revenue was up 5.5% on a year-over-year basis. Analysts expect that L Brands will post $3.18 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, June 20th. Shareholders of record on Friday, June 6th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date of this dividend is Wednesday, June 4th.
A number of other analysts have also recently weighed in on LB. Analysts at Stifel Nicolaus upgraded shares of L Brands from a “hold” rating to a “buy” rating in a research note on Friday, May 23rd. They now have a $68.00 price target on the stock. Separately, 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. Finally, 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. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $63.67.
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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