L Brands (LB) Given a $52.00 Price Target at Robert W. Baird

L Brands (NYSE:LB) has been assigned a $52.00 price target by analysts at Robert W. Baird in a research note issued to investors on Friday. The brokerage currently has a “hold” rating on the specialty retailer’s stock. Robert W. Baird’s price target suggests a potential downside of 6.89% from the stock’s current price.

Several other equities research analysts have also recently issued reports on LB. Jefferies Group set a $30.00 target price on shares of L Brands and gave the stock a “sell” rating in a research note on Monday, August 28th. Oppenheimer reissued a “buy” rating on shares of L Brands in a research report on Thursday, October 5th. B. Riley reissued a “buy” rating and set a $58.00 price target on shares of L Brands in a research report on Wednesday. Buckingham Research lowered their price target on shares of L Brands from $62.00 to $52.00 and set a “buy” rating on the stock in a research report on Friday, August 4th. Finally, Citigroup boosted their price target on shares of L Brands from $40.00 to $45.00 and gave the company a “neutral” rating in a research report on Friday, November 3rd. Six research analysts have rated the stock with a sell rating, twenty have issued a hold rating and ten have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $49.07.

Shares of L Brands (NYSE LB) opened at $55.85 on Friday. L Brands has a 12 month low of $35.00 and a 12 month high of $75.50. The firm has a market cap of $15,911.02, a price-to-earnings ratio of 17.85, a PEG ratio of 1.55 and a beta of 0.79. The company has a quick ratio of 1.05, a current ratio of 1.68 and a debt-to-equity ratio of -6.25.

L Brands (NYSE:LB) last released its quarterly earnings results on Wednesday, November 15th. The specialty retailer reported $0.30 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.30. The business had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.57 billion. L Brands had a net margin of 7.73% and a negative return on equity of 110.21%. The company’s revenue was up 1.4% compared to the same quarter last year. During the same period last year, the business earned $0.42 EPS. sell-side analysts expect that L Brands will post 3.14 EPS for the current year.

L Brands declared that its board has authorized a stock repurchase plan on Monday, September 18th that permits the company to repurchase $250.00 million in outstanding shares. This repurchase authorization permits the specialty retailer to repurchase up to 2.2% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

In other news, Director David T. Kollat bought 9,910 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was bought at an average price of $50.34 per share, for a total transaction of $498,869.40. Following the transaction, the director now owns 158,878 shares in the company, valued at $7,997,918.52. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Allan R. Tessler bought 20,000 shares of the firm’s stock in a transaction dated Thursday, September 21st. The stock was purchased at an average price of $37.00 per share, with a total value of $740,000.00. Following the transaction, the director now owns 43,342 shares in the company, valued at approximately $1,603,654. The disclosure for this purchase can be found here. Company insiders own 16.68% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Aviva PLC boosted its position in L Brands by 5.7% during the 2nd quarter. Aviva PLC now owns 140,599 shares of the specialty retailer’s stock valued at $7,578,000 after purchasing an additional 7,635 shares during the period. Victory Capital Management Inc. raised its stake in shares of L Brands by 14.3% in the 2nd quarter. Victory Capital Management Inc. now owns 95,421 shares of the specialty retailer’s stock worth $5,142,000 after buying an additional 11,967 shares in the last quarter. Swiss National Bank raised its stake in shares of L Brands by 2.8% in the 2nd quarter. Swiss National Bank now owns 885,489 shares of the specialty retailer’s stock worth $47,719,000 after buying an additional 24,300 shares in the last quarter. Bridgewater Associates LP raised its stake in shares of L Brands by 16.5% in the 2nd quarter. Bridgewater Associates LP now owns 81,603 shares of the specialty retailer’s stock worth $4,398,000 after buying an additional 11,570 shares in the last quarter. Finally, Pring Turner Capital Group Inc. bought a new stake in shares of L Brands in the 2nd quarter worth $2,689,000. Institutional investors own 78.49% of the company’s stock.

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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.

Analyst Recommendations for L Brands (NYSE:LB)

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