L Brands (LB) Rating Reiterated by Cowen

L Brands (NYSE:LB)‘s stock had its “hold” rating restated by equities researchers at Cowen in a note issued to investors on Thursday. They presently have a $49.00 price target on the specialty retailer’s stock. Cowen’s target price would suggest a potential upside of 2.57% from the stock’s current price.

Several other equities analysts have also issued reports on LB. Piper Jaffray Companies set a $42.00 price target on L Brands and gave the company a “hold” rating in a research note on Wednesday, October 11th. Buckingham Research lowered L Brands from a “buy” rating to a “neutral” rating and set a $43.00 price target on the stock. in a research note on Thursday, October 26th. Jefferies Group set a $30.00 price target on L Brands and gave the company a “sell” rating in a research note on Sunday, October 29th. FBR & Co set a $58.00 price target on L Brands and gave the company a “buy” rating in a research note on Monday, October 30th. Finally, Royal Bank of Canada set a $40.00 price target on L Brands and gave the company a “hold” rating in a research note on Monday, October 30th. Six research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and thirteen have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $52.16.

Shares of L Brands (LB) traded down $1.34 on Thursday, hitting $47.77. The stock had a trading volume of 7,059,302 shares, compared to its average volume of 4,450,000. The company has a quick ratio of 0.60, a current ratio of 1.45 and a debt-to-equity ratio of -5.10. L Brands has a twelve month low of $35.00 and a twelve month high of $63.10. The firm has a market capitalization of $13,480.00, a price-to-earnings ratio of 14.56, a PEG ratio of 1.23 and a beta of 0.61.

L Brands (NYSE:LB) last issued its quarterly earnings results on Wednesday, November 15th. The specialty retailer reported $0.30 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.30. L Brands had a negative return on equity of 101.19% and a net margin of 7.73%. The business had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.57 billion. During the same quarter in the prior year, the firm posted $0.42 earnings per share. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. equities analysts predict that L Brands will post 3.11 EPS for the current fiscal year.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Fosun International Ltd boosted its position in L Brands by 205.4% during the third quarter. Fosun International Ltd now owns 532,022 shares of the specialty retailer’s stock valued at $22,137,000 after purchasing an additional 357,797 shares during the last quarter. Alyeska Investment Group L.P. lifted its position in shares of 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 buying an additional 33,005 shares during the last quarter. Oppenheimer & Co. Inc. lifted its position in shares of 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 buying an additional 4,378 shares during the last quarter. California Public Employees Retirement System lifted its position in shares of 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 buying an additional 38,141 shares during the last quarter. Finally, Private Capital Management Inc. lifted its position in shares of 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 buying an additional 2,650 shares during the last quarter. 77.98% of the stock is owned by hedge funds and other institutional investors.

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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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