Barclays PLC began coverage on shares of L Brands, Inc. (NYSE:LB) in a note issued to investors on Tuesday, The Fly reports. The brokerage set an “equal weight” rating on the specialty retailer’s stock.

Several other research analysts have also recently weighed in on LB. Vetr cut shares of L Brands from a “hold” rating to a “sell” rating and set a $46.40 price objective on the stock. in a research report on Monday, May 22nd. FBR & Co restated an “outperform” rating and issued a $60.00 price objective on shares of L Brands in a research report on Wednesday, May 31st. Cowen and Company restated an “outperform” rating and issued a $54.00 price objective on shares of L Brands in a research report on Friday, June 2nd. ValuEngine cut shares of L Brands from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Jefferies Group LLC restated a “sell” rating and issued a $35.00 price objective on shares of L Brands in a research report on Tuesday, June 6th. Seven analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eleven have assigned a buy rating to the company’s stock. L Brands has a consensus rating of “Hold” and an average target price of $46.94.

L Brands (NYSE LB) traded down 1.88% during trading on Tuesday, reaching $39.23. 3,260,061 shares of the company’s stock traded hands. L Brands has a 52-week low of $35.00 and a 52-week high of $75.94. The company’s 50 day moving average is $39.15 and its 200-day moving average is $46.90. The stock has a market cap of $11.14 billion, a price-to-earnings ratio of 11.51 and a beta of 0.65.

L Brands (NYSE:LB) last announced its quarterly earnings results on Wednesday, August 16th. The specialty retailer reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. L Brands had a net margin of 8.04% and a negative return on equity of 103.18%. The firm had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.75 billion. During the same period in the prior year, the firm posted $0.70 earnings per share. The company’s revenue for the quarter was down 4.7% on a year-over-year basis. On average, analysts anticipate that L Brands will post $3.14 earnings per share for the current fiscal year.

L Brands announced that its Board of Directors has approved a share repurchase program on Monday, September 18th that allows the company to repurchase $250.00 million in shares. This repurchase authorization allows the specialty retailer to buy up to 2.2% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

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Hedge funds have recently made changes to their positions in the stock. Lord Abbett & CO. LLC lifted its position in L Brands by 17.7% during the second quarter. Lord Abbett & CO. LLC now owns 400,200 shares of the specialty retailer’s stock valued at $21,567,000 after buying an additional 60,056 shares during the period. Rikoon Group LLC lifted its position in L Brands by 5.3% during the second quarter. Rikoon Group LLC now owns 24,697 shares of the specialty retailer’s stock valued at $1,330,000 after buying an additional 1,250 shares during the period. Advisory Services Network LLC lifted its position in L Brands by 5,618.0% during the second quarter. Advisory Services Network LLC now owns 5,089 shares of the specialty retailer’s stock valued at $274,000 after buying an additional 5,000 shares during the period. WINTON GROUP Ltd lifted its position in L Brands by 182.6% during the second quarter. WINTON GROUP Ltd now owns 59,353 shares of the specialty retailer’s stock valued at $3,199,000 after buying an additional 38,349 shares during the period. Finally, Disciplined Growth Investors Inc. MN lifted its position in L Brands by 0.5% during the second quarter. Disciplined Growth Investors Inc. MN now owns 1,981,735 shares of the specialty retailer’s stock valued at $106,796,000 after buying an additional 10,240 shares during the period. 79.48% of the stock is owned by institutional investors.

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.

The Fly

Analyst Recommendations for L Brands (NYSE:LB)

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