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L Brands (NYSE:LB)‘s stock had its “buy” rating restated by equities researchers at Citigroup Inc. in a research report issued on Friday. They currently have a $72.00 target price on the stock, up from their previous target price of $63.00. Citigroup Inc.’s price objective indicates a potential upside of 12.99% from the company’s current price.

L Brands (NYSE:LB) traded up 0.09% on Friday, hitting $63.78. 574,737 shares of the company’s stock traded hands. 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 $59.93 and a 200-day moving average of $57.25. The company has a market cap of $18.620 billion and a P/E ratio of 20.57.

L Brands (NYSE:LB) last issued its quarterly earnings data on Wednesday, August 20th. The company reported $0.63 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.62 by $0.01. The company had revenue of $2.68 billion for the quarter. During the same quarter in the previous year, the company posted $0.61 earnings per share. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. On average, analysts predict that L Brands will post $3.18 earnings per share 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 2.13%. The ex-dividend date of this dividend is Wednesday, August 20th.

Several other analysts have also recently commented on the stock. Analysts at Credit Suisse reiterated a “neutral” rating on shares of L Brands in a research note on Friday. They now have a $59.00 price target on the stock, down previously from $65.00. Separately, analysts at FBR Capital Markets reiterated a “market perform” rating on shares of L Brands in a research note on Friday. They now have a $62.00 price target on the stock, up previously from $57.00. Finally, analysts at Telsey Advisory Group raised their price target on shares of L Brands from $68.00 to $73.00 in a research note on Friday. They now have a “not rated” rating on the stock. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $62.58.

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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