L Brands Inc. (LB) Given a $75.00 Price Target at FBR & Co
L Brands Inc. (NYSE:LB) received a $75.00 price target from FBR & Co in a research note issued on Saturday. The firm presently has a a “hold” rating on the stock. FBR & Co’s target price would suggest a potential upside of 5.29% from the stock’s current price.
A number of other equities research analysts also recently weighed in on the company. Mizuho reaffirmed a “buy” rating and set a $85.00 price target on shares of L Brands in a research note on Sunday. Cowen and Company reaffirmed an “outperform” rating and set a $83.00 price target on shares of L Brands in a research note on Saturday. Oppenheimer Holdings Inc. set a $90.00 price target on L Brands and gave the stock a “buy” rating in a research note on Thursday. Jefferies Group reaffirmed a “hold” rating on shares of L Brands in a research note on Monday, September 12th. Finally, Wedbush reaffirmed a “neutral” rating and set a $65.00 price target on shares of L Brands in a research note on Sunday, September 4th. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. L Brands has an average rating of “Hold” and an average price target of $77.95.
L Brands (NYSE:LB) traded up 0.10% during trading on Friday, hitting $71.23. The stock had a trading volume of 2,627,988 shares. The firm has a market cap of $20.37 billion, a PE ratio of 17.36 and a beta of 0.91. The company’s 50-day moving average is $73.51 and its 200 day moving average is $73.30. L Brands has a 52 week low of $60.00 and a 52 week high of $101.11.
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L Brands (NYSE:LB) last posted its quarterly earnings results on Wednesday, August 17th. The company reported $0.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.11. L Brands had a negative return on equity of 150.59% and a net margin of 9.73%. The company earned $2.89 billion during the quarter. During the same period last year, the business earned $0.68 earnings per share. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. Equities analysts expect that L Brands will post $3.83 EPS for the current fiscal year.
In other news, COO Charles Mcguigan sold 23,687 shares of the business’s stock in a transaction on Tuesday, August 30th. The stock was sold at an average price of $76.37, for a total transaction of $1,808,976.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Martin P. Waters sold 45,500 shares of the business’s stock in a transaction on Tuesday, August 23rd. The stock was sold at an average price of $77.49, for a total value of $3,525,795.00. Following the sale, the insider now owns 13,970 shares of the company’s stock, valued at approximately $1,082,535.30. The disclosure for this sale can be found here. Insiders own 16.45% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Chartist Inc. CA bought a new stake in L Brands during the fourth quarter worth approximately $268,000. Renaissance Technologies LLC bought a new stake in L Brands during the first quarter worth approximately $35,118,000. Wellington Management Group LLP increased its stake in L Brands by 105.4% in the first quarter. Wellington Management Group LLP now owns 2,648,024 shares of the company’s stock worth $232,522,000 after buying an additional 1,358,509 shares in the last quarter. Emerald Advisers Inc. PA bought a new stake in L Brands during the fourth quarter worth approximately $1,710,000. Finally, Andra AP fonden increased its stake in L Brands by 29.3% in the fourth quarter. Andra AP fonden now owns 79,800 shares of the company’s stock worth $7,646,000 after buying an additional 18,100 shares in the last quarter. Institutional investors own 75.60% of the company’s stock.
L Brands Company Profile
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.
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