L Brands Given New $73.00 Price Target at Telsey Advisory Group (LB)
Equities research analysts at Telsey Advisory Group upped their target price on shares of L Brands (NYSE:LB) from $68.00 to $73.00 in a research note issued to investors on Friday. The firm currently has a “not rated” rating on the stock. Telsey Advisory Group’s price target suggests a potential upside of 14.56% from the stock’s previous close.
Shares of L Brands (NYSE:LB) opened at 63.72 on Friday. L Brands has a 52 week low of $50.78 and a 52 week high of $67.12. The stock’s 50-day moving average is $59.93 and its 200-day moving average is $57.25. The company has a market cap of $18.603 billion and a P/E ratio of 20.57.
L Brands (NYSE:LB) last released its earnings data on Wednesday, August 20th. The company reported $0.63 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.61 earnings per share. The company’s quarterly revenue 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 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 2.13%. The ex-dividend date is Wednesday, August 20th.
A number of other analysts have also recently weighed in on LB. Analysts at RBC Capital raised their price target on shares of L Brands from $64.00 to $68.00 in a research note on Friday. They now have an “outperform” rating on the stock. Separately, 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. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. L Brands has an average rating of “Hold” and a consensus target price of $62.20.
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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