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L Brands (NYSE:LB)‘s stock had its “neutral” rating reaffirmed by Zacks in a research note issued on Monday. They currently have a $67.00 price target on the stock. Zacks‘s target price points to a potential upside of 4.93% from the stock’s previous close.

Shares of L Brands (NYSE:LB) traded up 0.16% during mid-day trading on Monday, hitting $63.85. The stock had a trading volume of 910,408 shares. L Brands has a 1-year low of $50.78 and a 1-year high of $67.12. The stock has a 50-day moving average of $60. and a 200-day moving average of $57.72. The company has a market cap of $18.641 billion and a price-to-earnings ratio of 20.45.

L Brands (NYSE:LB) last posted its quarterly earnings results 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 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. Analysts expect that L Brands will post $3.19 EPS 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.

In other L Brands news, CEO Leslie H. Wexner sold 2,000,000 shares of the company’s stock on the open market in a transaction dated Monday, August 25th. The shares were sold at an average price of $62.64, for a total transaction of $125,280,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

A number of other firms have also recently commented on LB. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of L Brands in a research note on Friday, August 22nd. They now have a $72.00 price target on the stock, up previously from $63.00. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of L Brands in a research note on Friday, August 22nd. They now have a $59.00 price target on the stock, down previously from $65.00. Finally, analysts at FBR Capital Markets reiterated a “market perform” rating on shares of L Brands in a research note on Friday, August 22nd. They now have a $62.00 price target on the stock, up previously from $57.00. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. L Brands currently has an average rating of “Hold” and an average target price of $63.17.

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.

To view Zacks’ full report, visit Zacks’ official website.

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