Shares of L Brands Inc (NYSE:LB) have been assigned a consensus rating of “Hold” from the forty ratings firms that are covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating and thirteen have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $52.10.
Several equities research analysts have recently issued reports on LB shares. Morgan Stanley restated an “overweight” rating and set a $70.00 price target on shares of L Brands in a research note on Thursday, December 14th. B. Riley restated a “buy” rating and set a $58.00 price target on shares of L Brands in a research note on Wednesday, November 29th. CIBC restated a “hold” rating and set a $60.00 price target on shares of L Brands in a research note on Friday, December 8th. Royal Bank of Canada upgraded shares of L Brands from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from $40.00 to $58.00 in a research note on Friday, November 17th. Finally, Citigroup raised their price target on shares of L Brands from $40.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, November 3rd.
In other news, Director David T. Kollat purchased 9,910 shares of L Brands stock in a transaction dated Monday, November 20th. The stock was purchased at an average cost of $50.34 per share, for a total transaction of $498,869.40. Following the transaction, the director now directly owns 158,878 shares of the company’s stock, valued at $7,997,918.52. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 16.68% of the stock is owned by insiders.
Shares of L Brands (NYSE:LB) opened at $48.54 on Wednesday. The company has a debt-to-equity ratio of -5.10, a quick ratio of 0.60 and a current ratio of 1.45. L Brands has a one year low of $35.00 and a one year high of $63.10. The stock has a market cap of $13,700.00, a P/E ratio of 14.80, a PEG ratio of 1.25 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, hitting the Thomson Reuters’ consensus estimate of $0.30. L Brands had a net margin of 7.73% and a negative return on equity of 101.19%. The company had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.57 billion. During the same quarter last year, the business posted $0.42 EPS. L Brands’s quarterly revenue was up 1.4% compared to the same quarter last year. research analysts expect that L Brands will post 3.12 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 23rd will be given a dividend of $0.60 per share. The ex-dividend date is Thursday, February 22nd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.94%. L Brands’s dividend payout ratio (DPR) is currently 73.17%.
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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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