L Brands, Inc. (LB) Stock Rating Reaffirmed by Royal Bank Of Canada
L Brands, Inc. (NYSE:LB)‘s stock had its “hold” rating reaffirmed by equities researchers at Royal Bank Of Canada in a research note issued to investors on Monday.
LB has been the topic of several other research reports. Guggenheim initiated coverage on shares of L Brands in a report on Thursday, March 9th. They issued a “neutral” rating on the stock. Zacks Investment Research upgraded shares of L Brands from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 7th. FBR & Co reiterated an “outperform” rating and issued a $60.00 price target on shares of L Brands in a report on Wednesday, May 31st. Stifel Nicolaus reiterated a “buy” rating and issued a $61.00 price target (down previously from $75.00) on shares of L Brands in a report on Thursday, February 23rd. Finally, Buckingham Research reiterated a “buy” rating on shares of L Brands in a report on Wednesday, April 26th. Five analysts have rated the stock with a sell rating, eighteen have issued a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $58.61.
L Brands (NYSE:LB) opened at 51.56 on Monday. The company has a market capitalization of $14.79 billion, a price-to-earnings ratio of 13.58 and a beta of 0.62. L Brands has a 52 week low of $43.04 and a 52 week high of $79.67. The company’s 50-day moving average is $51.25 and its 200 day moving average is $56.07.
L Brands (NYSE:LB) last issued its earnings results on Wednesday, May 17th. The specialty retailer reported $0.33 EPS for the quarter, topping the consensus estimate of $0.29 by $0.04. L Brands had a net margin of 8.87% and a negative return on equity of 104.19%. The company had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.46 billion. During the same period in the previous year, the firm earned $0.59 earnings per share. The firm’s revenue for the quarter was down 6.8% on a year-over-year basis. On average, analysts forecast that L Brands will post $3.23 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 16th. Shareholders of record on Friday, June 2nd were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 4.65%. The ex-dividend date was Wednesday, May 31st. L Brands’s dividend payout ratio (DPR) is 63.16%.
COPYRIGHT VIOLATION WARNING: “L Brands, Inc. (LB) Stock Rating Reaffirmed by Royal Bank Of Canada” was first published by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another website, it was stolen and reposted in violation of U.S. & international trademark & copyright legislation. The legal version of this piece of content can be read at https://www.americanbankingnews.com/2017/06/19/l-brands-inc-lb-stock-rating-reaffirmed-by-royal-bank-of-canada.html.
In other L Brands news, CEO Nicholas Coe sold 39,839 shares of the business’s stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $48.88, for a total value of $1,947,330.32. Following the completion of the transaction, the chief executive officer now owns 75,658 shares of the company’s stock, valued at approximately $3,698,163.04. The sale was disclosed in a legal filing with the SEC, which is available through this link. 16.45% of the stock is currently owned by insiders.
A number of institutional investors have recently modified their holdings of the company. Commerzbank Aktiengesellschaft FI acquired a new position in shares of L Brands during the fourth quarter worth $341,000. Raymond James Financial Services Advisors Inc. raised its position in shares of L Brands by 28.5% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 11,725 shares of the specialty retailer’s stock worth $772,000 after buying an additional 2,599 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of L Brands by 0.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,770 shares of the specialty retailer’s stock worth $907,000 after buying an additional 50 shares during the period. Dimensional Fund Advisors LP raised its position in shares of L Brands by 2.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 469,500 shares of the specialty retailer’s stock worth $30,914,000 after buying an additional 10,133 shares during the period. Finally, Baird Financial Group Inc. raised its position in shares of L Brands by 1.1% in the fourth quarter. Baird Financial Group Inc. now owns 3,177 shares of the specialty retailer’s stock worth $209,000 after buying an additional 34 shares during the period. 77.25% of the stock is owned by institutional investors and hedge funds.
About L Brands
L Brands, Inc operates specialty retail business. The Company is focused on women’s intimate and other apparel, personal care, beauty and home fragrance categories. Its segments include Victoria’s Secret, Bath & Body Works, and Victoria’s Secret and Bath & Body Works International. It sells its merchandise through company-owned specialty retail stores in the United States, Canada, the United Kingdom and Greater China, which are mall-based; through Websites, and through international franchise, license and wholesale partners.
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.