Shares of L Brands Inc (NYSE:LB) have been assigned a consensus recommendation of “Hold” from the thirty-nine analysts that are presently covering the firm, Marketbeat reports. Six research analysts have rated the stock with a sell rating, twenty have given a hold rating and twelve have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $51.39.
Several equities research analysts recently weighed in on LB shares. Scotiabank reaffirmed a “hold” rating and issued a $59.00 price objective on shares of L Brands in a report on Wednesday. KeyCorp reaffirmed a “sell” rating and issued a $32.00 price objective on shares of L Brands in a report on Tuesday, September 26th. B. Riley reaffirmed a “buy” rating and issued a $58.00 price objective on shares of L Brands in a report on Wednesday, November 29th. UBS Group upped their price objective on shares of L Brands from $40.00 to $47.00 and gave the stock a “neutral” rating in a report on Monday, November 6th. Finally, Atlantic Securities raised shares of L Brands from a “neutral” rating to an “overweight” rating in a report on Tuesday, September 26th.
In other news, Director David T. Kollat acquired 9,910 shares of L Brands stock in a transaction on Monday, November 20th. The stock was bought at an average cost of $50.34 per share, with a total value of $498,869.40. Following the completion of the purchase, the director now owns 158,878 shares of the company’s stock, valued at $7,997,918.52. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 16.68% of the stock is currently owned by corporate insiders.
L Brands (NYSE:LB) opened at $50.69 on Friday. The company has a market cap of $14,310.00, a PE ratio of 15.45, a PEG ratio of 1.37 and a beta of 0.81. The company has a current ratio of 1.45, a quick ratio of 0.60 and a debt-to-equity ratio of -5.10. L Brands has a 12-month low of $35.00 and a 12-month high of $63.10.
L Brands (NYSE:LB) last released its quarterly earnings results on Wednesday, November 15th. The specialty retailer reported $0.30 EPS for the quarter, hitting the consensus estimate of $0.30. The business had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.57 billion. L Brands had a net margin of 7.73% and a negative return on equity of 101.19%. The company’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.42 earnings per share. research analysts expect that L Brands will post 3.12 EPS for the current fiscal year.
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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.
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