L Brands Given Consensus Rating of “Hold” by Brokerages (NYSE:LB)
L Brands (NYSE:LB) has been given an average rating of “Hold” by the eleven brokerages that are currently covering the stock, AnalystRatings.NET reports. Five analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $60.56.
L Brands (NYSE:LB) opened at 61.60 on Wednesday. L Brands has a 52 week low of $50.78 and a 52 week high of $67.12. The stock has a 50-day moving average of $59.52 and a 200-day moving average of $56.95. The company has a market cap of $17.984 billion and a P/E ratio of 20.26.
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 $3.17 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 5th. Investors of record on Friday, August 22nd will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend is Wednesday, August 20th.
LB has been the subject of a number of recent research reports. 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 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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