L Brands (NYSE:LB) had its target price increased by research analysts at Barclays from $44.00 to $49.00 in a note issued to investors on Thursday. The firm presently has an “equal weight” rating on the specialty retailer’s stock. Barclays’ price objective points to a potential downside of 6.40% from the company’s current price.
LB has been the topic of a number of other research reports. Scotiabank restated a “hold” rating and issued a $67.00 price objective on shares of L Brands in a research report on Wednesday, November 22nd. FBR & Co reiterated a “buy” rating and set a $58.00 price target on shares of L Brands in a research report on Wednesday, October 4th. B. Riley set a $58.00 price target on shares of L Brands and gave the company a “buy” rating in a research report on Thursday, November 16th. Citigroup reiterated a “hold” rating and set a $58.00 price target on shares of L Brands in a research report on Friday, January 5th. Finally, MKM Partners reduced their price target on shares of L Brands from $48.00 to $47.00 and set a “neutral” rating on the stock in a research report on Friday, October 6th. Six equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $51.86.
L Brands (NYSE:LB) traded down $0.84 during mid-day trading on Thursday, hitting $52.35. 3,418,144 shares of the company’s stock were exchanged, compared to its average volume of 5,634,556. L Brands has a 12-month low of $35.00 and a 12-month high of $63.10. The stock has a market capitalization of $14,780.00, a PE ratio of 15.96, a price-to-earnings-growth ratio of 1.48 and a beta of 0.81. The company has a debt-to-equity ratio of -5.10, a current ratio of 1.45 and a quick ratio of 0.60.
In other L Brands news, Director David T. Kollat acquired 9,910 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The shares were acquired at an average price of $50.34 per share, with a total value of $498,869.40. Following the completion of the purchase, the director now directly 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 Securities & Exchange Commission, 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 the company. Robeco Institutional Asset Management B.V. lifted its stake in shares of L Brands by 2.9% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 208,864 shares of the specialty retailer’s stock worth $12,578,000 after buying an additional 5,878 shares in the last quarter. St. Louis Trust Co bought a new position in shares of L Brands in the fourth quarter worth approximately $211,000. Assenagon Asset Management S.A. bought a new position in shares of L Brands in the fourth quarter worth approximately $3,444,000. TB Alternative Assets Ltd. bought a new position in shares of L Brands in the fourth quarter worth approximately $3,878,000. Finally, Douglas Lane & Associates LLC lifted its stake in shares of L Brands by 13.3% in the fourth quarter. Douglas Lane & Associates LLC now owns 1,049,421 shares of the specialty retailer’s stock worth $63,196,000 after buying an additional 123,556 shares in the last quarter. Hedge funds and other institutional investors own 78.75% of the company’s stock.
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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.
