L Brands Inc (LB) Receives Consensus Recommendation of “Hold” from Brokerages

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.

Several institutional investors and hedge funds have recently added to or reduced their stakes in LB. American International Group Inc. grew its position in shares of L Brands by 74.8% during the 4th quarter. American International Group Inc. now owns 10,436,938 shares of the specialty retailer’s stock valued at $628,512,000 after purchasing an additional 4,466,237 shares in the last quarter. Amundi Pioneer Asset Management Inc. bought a new stake in shares of L Brands during the 4th quarter worth $120,549,000. Victory Capital Management Inc. lifted its holdings in shares of L Brands by 1,045.9% during the 4th quarter. Victory Capital Management Inc. now owns 1,091,745 shares of the specialty retailer’s stock worth $65,745,000 after acquiring an additional 996,468 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of L Brands by 328.4% during the 3rd quarter. American Century Companies Inc. now owns 1,240,439 shares of the specialty retailer’s stock worth $51,615,000 after acquiring an additional 950,859 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in shares of L Brands by 29.0% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,156,510 shares of the specialty retailer’s stock worth $172,952,000 after acquiring an additional 935,259 shares during the last quarter. Hedge funds and other institutional investors own 78.48% of the company’s stock.

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.

Analyst Recommendations for L Brands (NYSE:LB)

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