L Brands Inc (LB) Receives Average Rating of “Hold” from Analysts

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.

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in L Brands by 3.1% during the second 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 in the last quarter. FMR LLC lifted its stake in L Brands by 2.8% during the second 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 in the last quarter. State Street Corp lifted its stake in L Brands by 0.3% during the second quarter. State Street Corp now owns 10,388,390 shares of the specialty retailer’s stock valued at $559,827,000 after buying an additional 33,815 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in L Brands by 29.0% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,156,510 shares of the specialty retailer’s stock valued at $172,952,000 after buying an additional 935,259 shares in the last quarter. Finally, Scharf Investments LLC lifted its stake in L Brands by 24.9% during the third quarter. Scharf Investments LLC now owns 3,875,215 shares of the specialty retailer’s stock valued at $161,248,000 after buying an additional 772,740 shares in the last quarter. 78.82% of the stock is owned by institutional investors.

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.

TRADEMARK VIOLATION WARNING: This news story was posted by American Banking News and is the sole property of of American Banking News. If you are viewing this news story on another site, it was copied illegally and republished in violation of US and international trademark & copyright law. The original version of this news story can be viewed at https://www.americanbankingnews.com/2018/01/20/l-brands-inc-lb-receives-average-rating-of-hold-from-analysts.html.

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)

Receive News & Ratings for L Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for L Brands and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply