Wolfe Research Raises L Brands (LB) Price Target to $53.00

L Brands (NYSE:LB) had its price objective lifted by analysts at Wolfe Research from $48.00 to $53.00 in a research report issued to clients and investors on Monday. The firm currently has a “peer perform” rating on the specialty retailer’s stock. Wolfe Research’s price target would indicate a potential upside of 8.94% from the company’s previous close.

Other analysts have also issued reports about the company. B. Riley set a $58.00 price objective on L Brands and gave the company a “buy” rating in a report on Thursday, November 16th. FBR & Co set a $58.00 price objective on L Brands and gave the company a “buy” rating in a report on Monday, October 30th. Northcoast Research raised L Brands from a “neutral” rating to a “buy” rating in a report on Wednesday, February 7th. Barclays raised their price objective on L Brands from $44.00 to $49.00 and gave the company an “equal weight” rating in a report on Thursday, January 25th. Finally, Piper Jaffray Companies set a $47.00 target price on L Brands and gave the company a “hold” rating in a research report on Thursday, November 16th. Six equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $52.30.

Shares of L Brands (NYSE LB) opened at $48.65 on Monday. 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 1-year low of $35.00 and a 1-year high of $63.10. The company has a market capitalization of $13,732.20, a PE ratio of 14.79, a P/E/G ratio of 1.25 and a beta of 0.61.

L Brands (NYSE:LB) last issued its quarterly earnings data on Wednesday, November 15th. The specialty retailer reported $0.30 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 company had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.57 billion. During the same period last year, the company earned $0.42 earnings per share. L Brands’s quarterly revenue was up 1.4% compared to the same quarter last year. analysts predict that L Brands will post 3.12 EPS for the current year.

In other news, Director David T. Kollat acquired 9,910 shares of the company’s stock in a transaction dated Monday, November 20th. The stock was acquired 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 approximately $7,997,918.52. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 16.68% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of LB. Thrivent Financial For Lutherans grew its stake in shares of L Brands by 3.5% in the second quarter. Thrivent Financial For Lutherans now owns 9,154 shares of the specialty retailer’s stock valued at $493,000 after buying an additional 310 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of L Brands by 0.6% in the second quarter. Dimensional Fund Advisors LP now owns 479,066 shares of the specialty retailer’s stock valued at $25,818,000 after buying an additional 2,760 shares in the last quarter. Royal Bank of Canada grew its stake in shares of L Brands by 70.3% in the second quarter. Royal Bank of Canada now owns 195,863 shares of the specialty retailer’s stock valued at $10,555,000 after buying an additional 80,822 shares in the last quarter. Macquarie Group Ltd. grew its stake in shares of L Brands by 1,512.5% in the second quarter. Macquarie Group Ltd. now owns 90,300 shares of the specialty retailer’s stock valued at $4,866,000 after buying an additional 84,700 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its stake in shares of L Brands by 524.7% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 55,767 shares of the specialty retailer’s stock valued at $3,005,000 after buying an additional 46,840 shares in the last quarter. 78.48% of the stock is owned by institutional investors and hedge funds.

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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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