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.

Analyst Recommendations for L Brands (NYSE:LB)

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%.

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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.

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