Shares of L Brands Inc (NYSE:LB) have received a consensus rating of “Hold” from the thirty-four analysts that are presently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, nineteen have issued a hold recommendation and eleven have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $38.85.
A number of equities research analysts recently commented on the company. Bank of America raised L Brands from an “underperform” rating to a “neutral” rating and increased their price target for the company from $26.00 to $33.00 in a research report on Tuesday, September 18th. Piper Jaffray Companies set a $28.00 target price on shares of L Brands and gave the company a “hold” rating in a report on Thursday, September 20th. ValuEngine upgraded shares of L Brands from a “strong sell” rating to a “sell” rating in a report on Saturday, September 22nd. MKM Partners set a $31.00 target price on shares of L Brands and gave the company a “hold” rating in a report on Friday, October 12th. Finally, Nomura increased their target price on shares of L Brands from $30.00 to $32.00 and gave the company a “neutral” rating in a report on Friday, October 12th.
In related news, Director Raymond Zimmerman sold 6,385 shares of L Brands stock in a transaction dated Wednesday, November 21st. The stock was sold at an average price of $28.33, for a total value of $180,887.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 17.32% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Ironwood Investment Counsel LLC grew its position in shares of L Brands by 27.7% during the 3rd quarter. Ironwood Investment Counsel LLC now owns 19,238 shares of the specialty retailer’s stock valued at $582,000 after purchasing an additional 4,177 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in L Brands by 7.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 125,092 shares of the specialty retailer’s stock worth $3,790,000 after buying an additional 9,200 shares in the last quarter. Salem Investment Counselors Inc. purchased a new position in L Brands during the third quarter worth about $130,000. Radin Capital Partners Inc. purchased a new position in L Brands during the third quarter worth about $11,090,000. Finally, Bank of America Corp DE grew its position in L Brands by 55.2% during the second quarter. Bank of America Corp DE now owns 651,871 shares of the specialty retailer’s stock worth $24,042,000 after buying an additional 231,777 shares in the last quarter. Hedge funds and other institutional investors own 71.78% of the company’s stock.
LB stock traded down $0.53 during trading on Friday, reaching $26.46. 4,386,155 shares of the stock were exchanged, compared to its average volume of 5,781,762. L Brands has a twelve month low of $23.71 and a twelve month high of $53.39. The company has a market cap of $7.77 billion, a P/E ratio of 8.27, a price-to-earnings-growth ratio of 0.96 and a beta of 0.65.
L Brands (NYSE:LB) last issued its earnings results on Monday, November 19th. The specialty retailer reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01. L Brands had a negative return on equity of 76.28% and a net margin of 5.81%. The company had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same period in the prior year, the firm earned $0.30 earnings per share. L Brands’s revenue for the quarter was up 6.0% on a year-over-year basis. Equities analysts predict that L Brands will post 2.68 EPS for the current year.
L Brands Company Profile
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.
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