L Brands, Inc. (LB) Given Average Rating of “Hold” by Brokerages
Shares of L Brands, Inc. (NYSE:LB) have received an average rating of “Hold” from the thirty-five research firms that are presently covering the stock, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and eleven have issued a buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $47.46.
LB has been the topic of a number of recent research reports. Jefferies Group LLC set a $32.00 target price on L Brands and gave the stock a “sell” rating in a research report on Wednesday, July 19th. BidaskClub downgraded L Brands from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Oppenheimer Holdings, Inc. set a $55.00 target price on L Brands and gave the stock a “buy” rating in a research report on Thursday, August 17th. Cowen and Company reissued a “buy” rating and set a $56.00 target price on shares of L Brands in a research report on Tuesday, July 4th. Finally, Instinet decreased their target price on L Brands from $43.00 to $38.00 and set a “neutral” rating on the stock in a research report on Thursday, August 17th.
L Brands (LB) opened at 40.54 on Friday. The stock has a market capitalization of $11.51 billion, a PE ratio of 11.90 and a beta of 0.65. L Brands has a one year low of $35.00 and a one year high of $75.94. The company’s 50-day moving average price is $39.52 and its 200-day moving average price is $47.17.
L Brands (NYSE:LB) last released its earnings results on Wednesday, August 16th. The specialty retailer reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. L Brands had a negative return on equity of 103.18% and a net margin of 8.04%. The business had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.75 billion. During the same period last year, the business earned $0.70 earnings per share. The firm’s revenue for the quarter was down 4.7% compared to the same quarter last year. Equities research analysts predict that L Brands will post $3.14 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Friday, August 18th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 5.92%. The ex-dividend date of this dividend was Wednesday, August 16th. L Brands’s payout ratio is 70.38%.
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Several institutional investors have recently modified their holdings of the business. BlackRock Inc. raised its position in shares of L Brands by 1.3% during the 2nd quarter. BlackRock Inc. now owns 19,257,392 shares of the specialty retailer’s stock valued at $1,037,783,000 after acquiring an additional 256,464 shares during the last quarter. Primecap Management Co. CA grew its holdings in shares of L Brands by 16.1% in the 1st quarter. Primecap Management Co. CA now owns 18,797,936 shares of the specialty retailer’s stock valued at $885,383,000 after buying an additional 2,600,605 shares during the period. Vanguard Group Inc. grew its holdings in shares of L Brands by 3.1% in the 2nd quarter. Vanguard Group Inc. now owns 16,435,626 shares of the specialty retailer’s stock valued at $885,716,000 after buying an additional 495,987 shares during the period. Wellington Management Group LLP grew its holdings in shares of L Brands by 86.8% in the 1st quarter. Wellington Management Group LLP now owns 14,514,565 shares of the specialty retailer’s stock valued at $683,636,000 after buying an additional 6,745,624 shares during the period. Finally, FMR LLC grew its holdings in shares of L Brands by 2.8% in the 2nd quarter. FMR LLC now owns 11,403,917 shares of the specialty retailer’s stock valued at $614,558,000 after buying an additional 305,365 shares during the period. Institutional investors own 79.54% of the company’s stock.
L Brands Company Profile
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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