L Brands (NYSE: LB) recently received a number of ratings updates from brokerages and research firms:

  • 3/17/2017 – L Brands was upgraded by analysts at FBR & Co from a “market perform” rating to an “outperform” rating. They now have a $60.00 price target on the stock.
  • 3/14/2017 – L Brands was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “L Brands’ shares have underperformed the industry in the past six months on account of dismal top-line performance for the second straight quarter. However, the company has done quite well on the earnings front, beating the estimate for the sixth quarter in row. In an effort to streamline Victoria’s Secret business, the company made some strategic changes in 2016. L Brands stated that the strategic efforts will persist in 2017 but is likely to put pressure on the results. However, it is confident of achieving growth in the long run and expects annual operating income to increase by 10%. While its decision to exit the swimwear category at Victoria’s Secret, continued investment in China as well as investment in real estate at Victoria’s Secret and Bath & Body Works will impact fiscal 2017 earnings. Management projects earnings in the band of $3.05–$3.35 per share for fiscal 2017, sharply down from the prior year.”
  • 3/9/2017 – L Brands is now covered by analysts at Guggenheim. They set a “neutral” rating on the stock.
  • 3/7/2017 – L Brands was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. According to Zacks, “L Brands’ shares have underperformed the industry in the past six months on account of dismal top-line performance for the second straight quarter. However, the company has done quite well on the earnings front, beating the estimate for the sixth quarter in row. In an effort to streamline Victoria’s Secret business, the company made some strategic changes in 2016. L Brands stated that the strategic efforts will persist in 2017 but is likely to put pressure on the results. However, it is confident of achieving growth in the long run and expects annual operating income to increase by 10%. While its decision to exit the swimwear category at Victoria’s Secret, continued investment in China as well as investment in real estate at Victoria’s Secret and Bath & Body Works will impact fiscal 2017 earnings. Management projects earnings in the band of $3.05–$3.35 per share for fiscal 2017, sharply down from the prior year.”
  • 3/4/2017 – L Brands was given a new $54.00 price target on by analysts at FBR & Co. They now have a “hold” rating on the stock.
  • 2/27/2017 – L Brands was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. According to Zacks, “L Brands’ shares have underperformed the industry in the past six months on account of dismal top-line performance for the second straight quarter. However, the company has done quite well on the earnings front, beating the estimate for the sixth quarter in row. In an effort to streamline Victoria’s Secret business, the company made some strategic changes in 2016. L Brands stated that the strategic efforts will persist in 2017 but is likely to put pressure on the results. However, it is confident of achieving growth in the long run and expects annual operating income to increase by 10%. While its decision to exit the swimwear category at Victoria’s Secret, continued investment in China as well as investment in real estate at Victoria’s Secret and Bath & Body Works will impact fiscal 2017 earnings. Management projects earnings in the band of $3.05–$3.35 per share for fiscal 2017, sharply down from the prior year.”
  • 2/26/2017 – L Brands was given a new $47.00 price target on by analysts at Wedbush. They now have a “hold” rating on the stock.
  • 2/24/2017 – L Brands had its price target lowered by analysts at Mizuho from $62.00 to $51.00. They now have a “neutral” rating on the stock.
  • 2/24/2017 – L Brands had its price target lowered by analysts at Telsey Advisory Group from $83.00 to $60.00. They now have an “outperform” rating on the stock.
  • 2/23/2017 – L Brands had its price target lowered by analysts at FBR & Co from $60.00 to $54.00. They now have a “market perform” rating on the stock.
  • 2/23/2017 – L Brands had its “neutral” rating reaffirmed by analysts at Instinet. They now have a $54.00 price target on the stock.
  • 2/23/2017 – L Brands was downgraded by analysts at Atlantic Securities from an “overweight” rating to a “neutral” rating. They now have a $56.00 price target on the stock.
  • 2/23/2017 – L Brands had its price target lowered by analysts at Jefferies Group LLC from $48.00 to $40.00. They now have an “underperform” rating on the stock.
  • 2/23/2017 – L Brands had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $61.00 price target on the stock, down previously from $75.00.
  • 2/23/2017 – L Brands had its “hold” rating reaffirmed by analysts at Wells Fargo & Co.
  • 2/23/2017 – L Brands was given a new $65.00 price target on by analysts at Cowen and Company. They now have a “buy” rating on the stock.
  • 2/22/2017 – L Brands had its “buy” rating reaffirmed by analysts at Oppenheimer Holdings Inc..
  • 2/9/2017 – L Brands was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “L Brands shares have underperformed the industry in the past six months. The company's January comps slid 4%, following a 1% dip in December 2016. Net sales fell 1% for the month. However, the company reported flat comps and recorded sales growth of 2% for fourth-quarter fiscal 2016. Further, it now expects earnings to be approximately $1.90 per share compared with its prior guidance for the low end of its initial projection of $1.85 to $2.00. Estimates have been also going down ahead of the company’s earnings release. The competitive retail landscape and short-term challenges such as adverse impact of investment in China, tough macro-economic conditions and expected sluggishness at Victoria's Secret brand are likely to hamper the company’s performance. For the fourth quarter, the exit of the swim and apparel categories had an adverse impact of 2% and 4% to total company and Victoria’s Secret comps, respectively.”
  • 2/8/2017 – L Brands was given a new $75.00 price target on by analysts at Oppenheimer Holdings Inc.. They now have a “buy” rating on the stock.
  • 2/4/2017 – L Brands was given a new $60.00 price target on by analysts at FBR & Co. They now have a “hold” rating on the stock.
  • 2/3/2017 – L Brands had its price target lowered by analysts at Mizuho from $65.00 to $62.00. They now have a “neutral” rating on the stock.
  • 2/2/2017 – L Brands was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “L Brands shares have underperformed the Zacks categorized industry in the past one year. The company recently reported January comps which declined 4% year over year. Moreover, net sales for January declined 1% to $805.2 million. While the company reported flat comps for fourth-quarter fiscal 2016. Further, it now expects earnings per share to be approximately $1.90 per share in comparison with its prior guidance for the low end of its initial projection of $1.85 to $2.00. The competitive retail landscape and short-term challenges such as adverse impact of investment in China, tough macro-economic conditions and expected sluggishness at Victoria's Secret brand are likely to hamper the company’s performance in the near term.”
  • 1/26/2017 – L Brands was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $69.56 price target on the stock.
  • 1/24/2017 – L Brands was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $68.74 price target on the stock.

L Brands Inc (NYSE:LB) opened at 50.46 on Tuesday. The stock’s 50 day moving average price is $54.94 and its 200-day moving average price is $65.84. L Brands Inc has a one year low of $47.93 and a one year high of $88.77. The firm has a market capitalization of $14.43 billion, a price-to-earnings ratio of 12.68 and a beta of 0.82.

L Brands (NYSE:LB) last released its quarterly earnings results on Wednesday, February 22nd. The company reported $2.03 EPS for the quarter, topping the Zacks’ consensus estimate of $1.90 by $0.13. The company had revenue of $4.49 billion for the quarter, compared to analyst estimates of $4.51 billion. L Brands had a negative return on equity of 137.81% and a net margin of 9.31%. L Brands’s revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the firm posted $2.15 earnings per share. On average, equities research analysts expect that L Brands Inc will post $3.20 EPS for the current fiscal year.

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The firm also recently declared a quarterly dividend, which was paid on Friday, March 3rd. Stockholders of record on Friday, February 17th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.76%. The ex-dividend date was Wednesday, February 15th. L Brands’s dividend payout ratio is currently 60.61%.

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.

5 Day Chart for NYSE:LB

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