L Brands (NYSE: LB) has recently received a number of price target changes and ratings updates:

  • 7/10/2017 – L Brands was given a new $35.00 price target on by analysts at Jefferies Group LLC. They now have a “sell” rating on the stock.
  • 7/9/2017 – L Brands had its “neutral” rating reaffirmed by analysts at Instinet. They now have a $48.00 price target on the stock, down previously from $49.00.
  • 7/7/2017 – L Brands had its price target lowered by analysts at Wolfe Research from $52.00 to $48.00. They now have a “peer perform” rating on the stock.
  • 7/6/2017 – L Brands was given a new $52.00 price target on by analysts at BMO Capital Markets. They now have a “hold” rating on the stock.
  • 7/4/2017 – L Brands had its “buy” rating reaffirmed by analysts at Cowen and Company. They now have a $56.00 price target on the stock.
  • 7/4/2017 – L Brands was given a new $60.00 price target on by analysts at FBR & Co. They now have a “buy” rating on the stock.
  • 7/4/2017 – L Brands was given a new $35.00 price target on by analysts at Jefferies Group LLC. They now have a “sell” rating on the stock.
  • 6/27/2017 – L Brands was given a new $60.00 price target on by analysts at FBR & Co. They now have a “buy” rating on the stock.
  • 6/26/2017 – L Brands was downgraded by analysts at Vetr from a “sell” rating to a “strong sell” rating. They now have a $46.34 price target on the stock.
  • 6/20/2017 – L Brands had its “buy” rating reaffirmed by analysts at Oppenheimer Holdings, Inc..
  • 6/19/2017 – L Brands was upgraded by analysts at Vetr from a “strong sell” rating to a “sell” rating. They now have a $46.34 price target on the stock.
  • 6/19/2017 – L Brands had its “hold” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $55.00 price target on the stock.
  • 6/12/2017 – L Brands was downgraded by analysts at Vetr from a “sell” rating to a “strong sell” rating. They now have a $46.89 price target on the stock.
  • 6/6/2017 – L Brands had its “sell” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $35.00 price target on the stock.
  • 6/6/2017 – L Brands had its “neutral” rating reaffirmed by analysts at J P Morgan Chase & Co. They now have a $55.00 price target on the stock, up previously from $54.00.
  • 6/5/2017 – L Brands was upgraded by analysts at Vetr from a “strong sell” rating to a “sell” rating. They now have a $46.89 price target on the stock.
  • 6/2/2017 – L Brands had its “outperform” rating reaffirmed by analysts at Cowen and Company. They now have a $54.00 price target on the stock.
  • 6/2/2017 – L Brands was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 6/1/2017 – L Brands was downgraded by analysts at Vetr from a “sell” rating to a “strong sell” rating. They now have a $46.40 price target on the stock.
  • 5/31/2017 – L Brands had its “outperform” rating reaffirmed by analysts at FBR & Co. They now have a $60.00 price target on the stock. They wrote, “For LB’s May SSS, we estimate –8.5% versus the –7.9% consensus and guidance of –MSD to –HSD (includes –10% impact from exited categories), and versus flat LY . We see the following dominant May themes: (1) exit of apparel/swim pressure (~–10% impact and May is highest volume impact versus March/April), (2) decent mall traffic, (3) cycling of coupon/catalog promotions, and (4) continued lower-ticket bralette/sport mix shift impact. We expect LB’s merch margin to be better versus April, as LB pulls back on bralette/sport promos and likely did not have to heavily rely as much on promos to drive traffic (see promo comparison chart in body of note). We like the improvement in merch margin over the past few months, potentially improving SSS, and potential as we begin to cycle the swim/apparel exit and bralette ramp (cycle ~July/August).””
  • 5/22/2017 – L Brands was downgraded by analysts at Vetr from a “hold” rating to a “sell” rating. They now have a $46.40 price target on the stock.
  • 5/19/2017 – L Brands had its “neutral” rating reaffirmed by analysts at Instinet. They now have a $49.00 price target on the stock, up previously from $48.00.
  • 5/19/2017 – L Brands was given a new $35.00 price target on by analysts at Jefferies Group LLC. They now have a “sell” rating on the stock.
  • 5/19/2017 – L Brands had its “neutral” rating reaffirmed by analysts at Credit Suisse Group. They now have a $55.00 price target on the stock, up previously from $52.00.

L Brands, Inc. (LB) opened at 45.48 on Tuesday. The firm has a market capitalization of $13.05 billion, a P/E ratio of 11.98 and a beta of 0.65. The stock has a 50 day moving average price of $51.51 and a 200-day moving average price of $54.79. L Brands, Inc. has a 52 week low of $43.04 and a 52 week high of $79.67.

L Brands (NYSE:LB) last issued its quarterly earnings data on Wednesday, May 17th. The specialty retailer reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.46 billion. During the same quarter in the previous year, the firm posted $0.59 EPS. The company’s revenue for the quarter was down 6.8% compared to the same quarter last year. Analysts anticipate that L Brands, Inc. will post $3.22 EPS for the current fiscal year.

In other news, CEO Nicholas Coe sold 39,839 shares of the business’s stock in a transaction on Friday, May 19th. The shares were sold at an average price of $48.88, for a total transaction of $1,947,330.32. Following the completion of the sale, 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 at this hyperlink. Insiders own 16.45% of the company’s stock.

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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