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L Brands (NYSE:LB) has received an average rating of “Hold” from the eleven ratings firms that are currently covering the stock, Stock Ratings Network.com reports. Five research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $60.56.

Shares of L Brands (NYSE:LB) traded down 0.83% during mid-day trading on Wednesday, hitting $61.90. The stock had a trading volume of 305,029 shares. L Brands has a one year low of $50.78 and a one year high of $67.12. The stock’s 50-day moving average is $59.13 and its 200-day moving average is $56.80. The company has a market cap of $18.071 billion and a P/E ratio of 20.15.

L Brands (NYSE:LB) last announced its earnings results on Wednesday, May 21st. The company reported $0.53 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.48 earnings per share. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, analysts predict that L Brands will post $3.17 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Friday, September 5th. Investors of record on Friday, August 22nd will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 2.18%. The ex-dividend date is Wednesday, August 20th.

Several analysts have recently commented on the stock. Analysts at Nomura reiterated a “neutral” rating on shares of L Brands in a research note on Friday, August 8th. They now have a $59.00 price target on the stock, up previously from $55.00. Separately, analysts at RBC Capital raised their price target on shares of L Brands from $62.00 to $64.00 in a research note on Friday, August 8th. They now have an “outperform” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of L Brands in a research note on Tuesday, July 22nd. They now have a $60.00 price target on the stock.

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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