L Brands Inc. (LB) Given a $90.00 Price Target by Oppenheimer Holdings Inc. Analysts
L Brands Inc. (NYSE:LB) has been assigned a $90.00 target price by research analysts at Oppenheimer Holdings Inc. in a report issued on Thursday. The firm currently has a a “buy” rating on the stock. Oppenheimer Holdings Inc.’s price target would indicate a potential upside of 26.48% from the stock’s current price.
A number of other brokerages also recently issued reports on LB. Morgan Stanley reaffirmed a “buy” rating and set a $80.00 price target on shares of L Brands in a report on Tuesday, August 23rd. Jefferies Group reaffirmed a “hold” rating on shares of L Brands in a report on Tuesday, August 23rd. Vetr downgraded L Brands from a “hold” rating to a “sell” rating and set a $73.68 price target for the company. in a report on Thursday, August 18th. Citigroup Inc. lifted their price target on L Brands from $72.00 to $78.00 and gave the stock a “neutral” rating in a report on Friday, August 19th. Finally, Stifel Nicolaus set a $90.00 price target on L Brands and gave the stock a “buy” rating in a report on Friday, August 19th. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. L Brands currently has an average rating of “Hold” and an average target price of $77.52.
L Brands (NYSE:LB) traded up 0.37% during mid-day trading on Thursday, reaching $71.42. The company had a trading volume of 1,870,511 shares. The company has a market capitalization of $20.42 billion, a price-to-earnings ratio of 17.41 and a beta of 0.91. The firm’s 50 day moving average price is $73.70 and its 200-day moving average price is $73.41. L Brands has a 12 month low of $60.00 and a 12 month high of $101.11.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/07/l-brands-inc-lb-given-a-90-00-price-target-by-oppenheimer-holdings-inc-analysts.html
L Brands (NYSE:LB) last released its earnings results on Wednesday, August 17th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.11. The firm earned $2.89 billion during the quarter. L Brands had a negative return on equity of 150.59% and a net margin of 9.73%. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter last year, the business posted $0.68 earnings per share. Equities research analysts anticipate that L Brands will post $3.83 earnings per share for the current year.
In other L Brands news, COO Charles Mcguigan sold 23,687 shares of the firm’s stock in a transaction that occurred on Tuesday, August 30th. The shares were sold at an average price of $76.37, for a total value of $1,808,976.19. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Nicholas Coe sold 4,951 shares of the firm’s stock in a transaction that occurred on Monday, July 11th. The shares were sold at an average price of $67.53, for a total transaction of $334,341.03. The disclosure for this sale can be found here. 16.45% of the stock is currently owned by company insiders.
Large investors have recently made changes to their positions in the stock. Financial Architects Inc raised its stake in shares of L Brands by 56.4% in the second quarter. Financial Architects Inc now owns 1,749 shares of the company’s stock valued at $117,000 after buying an additional 631 shares during the last quarter. Tower Research Capital LLC TRC purchased a new stake in shares of L Brands during the second quarter valued at approximately $123,000. Whittier Trust Co. of Nevada Inc. raised its position in L Brands by 44.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,872 shares of the company’s stock worth $125,000 after buying an additional 572 shares in the last quarter. Global X Management Co. LLC raised its position in L Brands by 98.0% in the second quarter. Global X Management Co. LLC now owns 2,053 shares of the company’s stock worth $138,000 after buying an additional 1,016 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its position in L Brands by 5.9% in the second quarter. Quadrant Capital Group LLC now owns 2,226 shares of the company’s stock worth $145,000 after buying an additional 124 shares in the last quarter. Institutional investors own 75.60% of the company’s stock.
About L Brands
L Brands, Inc operates specialty retail business. The Company is focused on women’s intimate and other apparel, personal care and beauty categories. The Company operates through three segments: Victoria’s Secret, Bath & Body Works, and Victoria’s Secret and Bath & Body Works International. Victoria’s Secret segment includes PINK, which is the specialty retailer of women’s intimate and other apparel with collections, fragrances, supermodels and runway shows.
Receive News & Ratings for L Brands Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for L Brands Inc. and related companies with MarketBeat.com's FREE daily email newsletter.