Weekly Research Analysts’ Ratings Changes for L Brands (LB)

L Brands (NYSE: LB) has recently received a number of price target changes and ratings updates:

  • 1/15/2020 – L Brands was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. They now have a $17.00 price target on the stock. According to Zacks, “Shares of L Brands have slid and underperformed the industry in the past six months. We note that the company disappointed with its holiday season results. Weak sales number at Victoria's Secret brand hurt the overall performance. The company has been grappling with softness at the Victoria’s Secret brand due to stiff competition and consumers’ changing preferences. This was visible in the holiday sales number. Nonetheless, solid performance at Bath & Body Works brand did provide some cushion. But this did not restrain L Brands to trim fourth-quarter fiscal 2019 earnings per share view. Nevertheless, the company is leaving no stone unturned to revive its Victoria’s Secret brand. Product launches, increased focus on omnichannel capabilities and improved marketing strategies are some of the notable moves in this direction.”
  • 1/14/2020 – L Brands was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. They now have a $22.00 price target on the stock. According to Zacks, “Shares of L Brands have slid and underperformed the industry in the past six months. We note that the company disappointed with its holiday season results. Weak sales number at Victoria's Secret brand hurt the overall performance. The company has been grappling with softness at the Victoria’s Secret brand due to stiff competition and consumers’ changing preferences. This was visible in the holiday sales number. Nonetheless, solid performance at Bath & Body Works brand did provide some cushion. But this did not restrain L Brands to trim fourth-quarter fiscal 2019 earnings per share view. Nevertheless, the company is leaving no stone unturned to revive its Victoria’s Secret brand. Product launches, increased focus on omnichannel capabilities and improved marketing strategies are some of the notable moves in this direction.”
  • 1/10/2020 – L Brands was upgraded by analysts at Deutsche Bank AG from a “hold” rating to a “buy” rating. They now have a $24.00 price target on the stock, up previously from $22.00.
  • 1/9/2020 – L Brands had its “hold” rating reaffirmed by analysts at Guggenheim.
  • 1/3/2020 – L Brands was upgraded by analysts at Jefferies Financial Group Inc to a “sell” rating. They now have a $14.00 price target on the stock.
  • 1/3/2020 – L Brands was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 1/3/2020 – L Brands was upgraded by analysts at Bank of America Corp from a “neutral” rating to a “buy” rating. They now have a $25.00 price target on the stock, up previously from $21.00.
  • 12/26/2019 – L Brands was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. They now have a $19.00 price target on the stock. According to Zacks, “Shares of L Brands have slid and underperformed the industry in the past six months. The company has been grappling with softness at the Victoria’s Secret brand due to stiff competition and consumers’ changing preferences. This is evident from third-quarter fiscal 2019 results, wherein earnings met estimate but net sales missed the same. Both the top and the bottom line continued to decline year over year. Nonetheless, solid performance at Bath & Body Works brand did provide some cushion. The brand is likely to experience another solid year. Nonetheless, the company remains committed to improve Victoria’s Secret performance. However, management anticipates comps to be about flat to down marginally during fiscal 2019. Also, gross margin rate is likely to contract year over year primarily due to lower merchandise margin rate.”
  • 12/18/2019 – L Brands had its price target raised by analysts at Deutsche Bank AG from $20.00 to $22.00. They now have a “hold” rating on the stock.
  • 12/5/2019 – L Brands had its price target lowered by analysts at Credit Suisse Group AG from $41.00 to $40.00. They now have an “underperform” rating on the stock.
  • 11/27/2019 – L Brands was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. They now have a $21.00 price target on the stock. According to Zacks, “Shares of L Brands have slid and underperformed the industry in the past six months. The company has been grappling with softness at the Victoria’s Secret brand due to stiff competition and consumers’ changing preferences. This is evident from third-quarter fiscal 2019 results, wherein earnings met estimate but net sales missed the same. Both the top and the bottom line continued to decline year over year. Nonetheless, solid performance at Bath & Body Works brand did provide some cushion. The brand is likely to experience another solid year. Nonetheless, the company remains committed to improve Victoria’s Secret performance. However, management anticipates comps to be about flat to down marginally during fiscal 2019. Also, gross margin rate is likely to contract year over year primarily due to lower merchandise margin rate.”
  • 11/22/2019 – L Brands was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. They now have a $18.00 price target on the stock. According to Zacks, “Shares of L Brands have slid and underperformed the industry in the past six months. The company has been grappling with softness at the Victoria’s Secret brand due to stiff competition and consumers’ changing preferences. This is evident from third-quarter fiscal 2019 results, wherein earnings met estimate but net sales missed the same. Both the top and the bottom line continued to decline year over year. Nonetheless, solid performance at Bath & Body Works brand did provide some cushion. The brand is likely to experience another solid year. Nonetheless, the company remains committed to improve Victoria’s Secret performance. However, management anticipates comps to be about flat to down marginally during fiscal 2019. Also, gross margin rate is likely to contract year over year primarily due to lower merchandise margin rate.”
  • 11/22/2019 – L Brands had its price target lowered by analysts at Telsey Advisory Group from $22.00 to $19.00. They now have a “market perform” rating on the stock.
  • 11/22/2019 – L Brands had its price target lowered by analysts at DA Davidson from $20.00 to $18.00. They now have an “in-line” rating on the stock.
  • 11/21/2019 – L Brands had its price target lowered by analysts at Loop Capital from $15.00 to $14.00. They now have a “sell” rating on the stock.
  • 11/21/2019 – L Brands had its price target lowered by analysts at MKM Partners to $17.00. They now have a “neutral” rating on the stock.
  • 11/21/2019 – L Brands had its “hold” rating reaffirmed by analysts at Guggenheim.
  • 11/21/2019 – L Brands had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $30.00 price target on the stock.
  • 11/18/2019 – L Brands had its price target raised by analysts at Wedbush from $16.00 to $20.00. They now have a “neutral” rating on the stock.

Shares of NYSE:LB traded up $0.45 during trading on Thursday, reaching $20.24. 246,729 shares of the company’s stock traded hands, compared to its average volume of 6,671,893. L Brands Inc has a 12 month low of $15.80 and a 12 month high of $29.02. The company has a 50 day moving average of $18.43 and a 200-day moving average of $19.87. The stock has a market capitalization of $5.59 billion, a P/E ratio of 7.18, a price-to-earnings-growth ratio of 0.78 and a beta of 0.79.

L Brands (NYSE:LB) last announced its quarterly earnings data on Wednesday, November 20th. The specialty retailer reported $0.02 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.02. L Brands had a net margin of 2.80% and a negative return on equity of 72.15%. The business had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.69 billion. During the same quarter in the prior year, the firm earned $0.16 EPS. The company’s revenue for the quarter was down 3.5% compared to the same quarter last year. On average, research analysts anticipate that L Brands Inc will post 2.22 EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Investors Asset Management of Georgia Inc. GA ADV grew its position in L Brands by 4.0% in the 4th quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 28,314 shares of the specialty retailer’s stock worth $513,000 after purchasing an additional 1,090 shares during the last quarter. FNY Investment Advisers LLC lifted its stake in shares of L Brands by 1,767.0% in the 4th quarter. FNY Investment Advisers LLC now owns 1,755 shares of the specialty retailer’s stock worth $31,000 after acquiring an additional 1,661 shares during the period. Kwmg LLC lifted its stake in shares of L Brands by 0.8% in the 4th quarter. Kwmg LLC now owns 89,864 shares of the specialty retailer’s stock worth $1,628,000 after acquiring an additional 727 shares during the period. Maverick Capital Ltd. acquired a new stake in shares of L Brands in the 3rd quarter worth approximately $10,236,000. Finally, Man Group plc lifted its stake in shares of L Brands by 113.0% in the 3rd quarter. Man Group plc now owns 161,847 shares of the specialty retailer’s stock worth $3,170,000 after acquiring an additional 85,870 shares during the period. Hedge funds and other institutional investors own 71.30% of the company’s stock.

L Brands, Inc operates as a specialty retailer of women's intimate and other apparel, beauty and personal care products, home fragrance products, and accessories. The company operates in three segments: Victoria's Secret, Bath & Body Works, and Victoria's Secret and Bath & Body Works International.

Featured Story: Price to Earnings Ratio (PE) Basics

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



Leave a Reply