L Brands (NYSE:LB)‘s stock had its “hold” rating restated by research analysts at Scotiabank in a research note issued to investors on Wednesday. They presently have a $59.00 price target on the specialty retailer’s stock. Scotiabank’s target price points to a potential upside of 19.92% from the stock’s current price.

Other research analysts also recently issued reports about the company. Nomura lifted their price target on L Brands from $35.00 to $38.00 and gave the stock a “neutral” rating in a research report on Friday, November 3rd. Robert W. Baird reaffirmed a “hold” rating and issued a $60.00 price target on shares of L Brands in a research report on Friday, December 22nd. Piper Jaffray Companies set a $47.00 price target on L Brands and gave the stock a “hold” rating in a research report on Thursday, November 16th. Buckingham Research lifted their price target on L Brands from $40.00 to $50.00 and gave the stock a “neutral” rating in a research report on Friday, November 17th. Finally, B. Riley reaffirmed a “buy” rating and issued a $58.00 price target on shares of L Brands in a research report on Thursday, November 2nd. Six research analysts have rated the stock with a sell rating, twenty have given a hold rating and twelve have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $51.63.

L Brands (NYSE:LB) traded up $0.21 on Wednesday, reaching $49.20. The company had a trading volume of 1,446,390 shares, compared to its average volume of 7,079,230. L Brands has a 12-month low of $35.00 and a 12-month high of $63.10. The company has a current ratio of 1.45, a quick ratio of 0.60 and a debt-to-equity ratio of -5.10. The firm has a market cap of $13,860.00, a price-to-earnings ratio of 15.00, a P/E/G ratio of 1.39 and a beta of 0.81.

L Brands (NYSE:LB) last posted its earnings results on Wednesday, November 15th. The specialty retailer reported $0.30 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.30. L Brands had a negative return on equity of 101.19% and a net margin of 7.73%. The firm had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.57 billion. During the same period in the previous year, the company earned $0.42 EPS. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. research analysts expect that L Brands will post 3.12 EPS for the current year.

In related news, Director David T. Kollat purchased 9,910 shares of the stock in a transaction on Monday, November 20th. The shares were purchased at an average cost of $50.34 per share, for a total transaction of $498,869.40. Following the completion of the transaction, the director now directly owns 158,878 shares of the company’s stock, valued at approximately $7,997,918.52. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 16.68% of the company’s stock.

Large investors have recently made changes to their positions in the business. Fosun International Ltd grew its position in L Brands by 205.4% in the third quarter. Fosun International Ltd now owns 532,022 shares of the specialty retailer’s stock valued at $22,137,000 after acquiring an additional 357,797 shares during the period. Alyeska Investment Group L.P. grew its position in L Brands by 4.0% in the third quarter. Alyeska Investment Group L.P. now owns 855,019 shares of the specialty retailer’s stock valued at $35,577,000 after acquiring an additional 33,005 shares during the period. Oppenheimer & Co. Inc. grew its position in L Brands by 31.0% in the third quarter. Oppenheimer & Co. Inc. now owns 18,512 shares of the specialty retailer’s stock valued at $770,000 after acquiring an additional 4,378 shares during the period. Private Capital Management Inc. grew its position in L Brands by 26.4% in the third quarter. Private Capital Management Inc. now owns 12,700 shares of the specialty retailer’s stock valued at $528,000 after acquiring an additional 2,650 shares during the period. Finally, California Public Employees Retirement System grew its position in L Brands by 7.0% in the third quarter. California Public Employees Retirement System now owns 585,641 shares of the specialty retailer’s stock valued at $24,369,000 after acquiring an additional 38,141 shares during the period. Hedge funds and other institutional investors own 78.82% of the company’s stock.

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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.

Analyst Recommendations for L Brands (NYSE:LB)

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