L Brands Inc. (NYSE:LB) has been assigned an average recommendation of “Hold” from the thirty-two analysts that are currently covering the stock. Two research analysts have rated the stock with a sell recommendation, sixteen have issued a hold recommendation, twelve have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $79.29.
A number of brokerages have commented on LB. Morgan Stanley reissued a “buy” rating and issued a $80.00 price objective on shares of L Brands in a research note on Tuesday, August 23rd. Jefferies Group restated a “hold” rating on shares of L Brands in a report on Tuesday, August 23rd. Vetr lowered shares of L Brands from a “hold” rating to a “sell” rating and set a $73.68 target price for the company. in a report on Thursday, August 18th. Citigroup Inc. raised their target price on shares of L Brands from $72.00 to $78.00 and gave the stock a “neutral” rating in a report on Friday, August 19th. Finally, Stifel Nicolaus set a $90.00 target price on shares of L Brands and gave the stock a “buy” rating in a report on Friday, August 19th.
In related news, insider Martin P. Waters sold 45,500 shares of the business’s stock in a transaction on Tuesday, August 23rd. The shares were sold at an average price of $77.49, for a total value of $3,525,795.00. Following the completion of the transaction, the insider now directly owns 13,970 shares in the company, valued at approximately $1,082,535.30. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Charles Mcguigan sold 23,687 shares of the business’s stock in a transaction on Tuesday, August 30th. The shares were sold at an average price of $76.37, for a total transaction of $1,808,976.19. The disclosure for this sale can be found here. 16.45% of the stock is currently owned by corporate insiders.
Institutional investors have recently bought and sold shares of the stock. Commonwealth Equity Services Inc boosted its position in L Brands by 2.2% in the first quarter. Commonwealth Equity Services Inc now owns 8,428 shares of the company’s stock valued at $740,000 after buying an additional 178 shares in the last quarter. Virginia Retirement System purchased a new position in L Brands during the first quarter valued at about $351,000. Pacad Investment Ltd. purchased a new position in L Brands during the first quarter valued at about $501,000. Prudential Financial Inc. boosted its position in L Brands by 1.1% in the first quarter. Prudential Financial Inc. now owns 315,077 shares of the company’s stock valued at $27,667,000 after buying an additional 3,360 shares in the last quarter. Finally, Nikko Asset Management Americas Inc. purchased a new position in L Brands during the first quarter valued at about $247,000. Hedge funds and other institutional investors own 75.60% of the company’s stock.
Shares of L Brands (NYSE:LB) opened at 72.70 on Tuesday. The stock has a market cap of $20.79 billion, a PE ratio of 17.72 and a beta of 0.91. The firm has a 50-day moving average of $72.86 and a 200-day moving average of $73.00. L Brands has a one year low of $60.00 and a one year high of $101.11.
L Brands (NYSE:LB) last issued its quarterly earnings data on Wednesday, August 17th. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.11. L Brands had a net margin of 9.73% and a negative return on equity of 150.59%. The business earned $2.89 billion during the quarter. During the same period in the previous year, the business earned $0.68 earnings per share. The business’s quarterly revenue was up 4.5% on a year-over-year basis. On average, equities research analysts expect that L Brands will post $3.83 earnings per share for the current fiscal year.
About L Brands
L Brands, Inc operates specialty retail business. The Company is focused on women’s intimate and other apparel, personal care and beauty categories. The Company operates through three segments: Victoria’s Secret, Bath & Body Works, and Victoria’s Secret and Bath & Body Works International. Victoria’s Secret segment includes PINK, which is the specialty retailer of women’s intimate and other apparel with collections, fragrances, supermodels and runway shows.
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