L Brands Inc. (LB) Receives “Buy” Rating from Mizuho
L Brands Inc. (NYSE:LB)‘s stock had its “buy” rating restated by research analysts at Mizuho in a research report issued to clients and investors on Sunday. They currently have a $85.00 price target on the stock. Mizuho’s price objective would indicate a potential upside of 19.33% from the stock’s current price.
Several other analysts have also issued reports on LB. Nomura reaffirmed a “hold” rating on shares of L Brands in a research note on Saturday, July 9th. Robert W. Baird set a $80.00 target price on L Brands and gave the stock a “neutral” rating in a research note on Friday, September 2nd. Deutsche Bank AG reaffirmed a “buy” rating on shares of L Brands in a research note on Sunday, July 10th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $90.00 target price on shares of L Brands in a research note on Saturday, September 3rd. Finally, MKM Partners reiterated a “neutral” rating and issued a $60.00 price objective on shares of L Brands in a research report on Friday, July 8th. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $77.95.
Shares of L Brands (NYSE:LB) traded up 0.10% during mid-day trading on Friday, hitting $71.23. 2,627,988 shares of the stock traded hands. L Brands has a 52 week low of $60.00 and a 52 week high of $101.11. The stock has a market cap of $20.37 billion, a price-to-earnings ratio of 17.36 and a beta of 0.91. The firm’s 50-day moving average is $73.51 and its 200-day moving average is $73.30.
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L Brands (NYSE:LB) last issued its earnings results on Wednesday, August 17th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.11. The business 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 firm’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.68 EPS. On average, analysts forecast that L Brands will post $3.83 earnings per share for the current year.
In other news, COO Charles Mcguigan sold 23,687 shares of the firm’s stock in a transaction dated Tuesday, August 30th. The stock was sold at an average price of $76.37, for a total value of $1,808,976.19. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Martin P. Waters sold 45,500 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the insider now directly owns 13,970 shares in the company, valued at approximately $1,082,535.30. The disclosure for this sale can be found here. 16.45% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of LB. Loomis Sayles & Co. L P increased its position in L Brands by 76.0% in the first quarter. Loomis Sayles & Co. L P now owns 1,716 shares of the company’s stock valued at $151,000 after buying an additional 741 shares during the period. Financial Architects Inc increased its position in 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 period. Tower Research Capital LLC TRC bought a new position in L Brands during the second quarter valued at approximately $123,000. Whittier Trust Co. of Nevada Inc. increased 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 valued at $125,000 after buying an additional 572 shares during the period. Finally, Global X Management Co. LLC increased 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 valued at $138,000 after buying an additional 1,016 shares during the period. 75.60% of the stock is currently owned by hedge funds and other institutional investors.
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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