L Brands Inc (NYSE:LB) – KeyCorp boosted their Q2 2021 earnings estimates for shares of L Brands in a report released on Tuesday, July 28th. KeyCorp analyst E. Yruma now expects that the specialty retailer will earn ($0.50) per share for the quarter, up from their prior estimate of ($0.63). KeyCorp currently has a “Overweight” rating and a $28.00 target price on the stock. KeyCorp also issued estimates for L Brands’ Q3 2021 earnings at ($0.21) EPS, FY2021 earnings at $0.13 EPS and FY2022 earnings at $2.37 EPS.
A number of other research analysts also recently weighed in on LB. Bank of America raised their target price on shares of L Brands from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday. TheStreet cut shares of L Brands from a “c-” rating to a “d” rating in a report on Monday, June 22nd. Deutsche Bank lifted their price target on L Brands from $16.00 to $27.00 in a report on Wednesday. Zacks Investment Research raised L Brands from a “strong sell” rating to a “hold” rating and set a $20.00 price objective for the company in a research report on Tuesday, July 28th. Finally, MKM Partners boosted their price objective on L Brands from $11.00 to $22.00 in a research report on Wednesday. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nine have assigned a buy rating to the stock. L Brands presently has an average rating of “Hold” and an average target price of $22.57.
L Brands stock opened at $24.41 on Friday. The company has a market cap of $6.75 billion, a P/E ratio of -9.61, a price-to-earnings-growth ratio of 19.70 and a beta of 1.22. L Brands has a 1-year low of $8.00 and a 1-year high of $26.66. The company has a fifty day simple moving average of $16.60 and a 200 day simple moving average of $16.87.
L Brands (NYSE:LB) last released its earnings results on Wednesday, May 20th. The specialty retailer reported ($0.99) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.28). The business had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.75 billion. L Brands had a negative net margin of 5.89% and a negative return on equity of 23.32%. The firm’s revenue for the quarter was down 37.1% on a year-over-year basis. During the same period last year, the business posted $0.14 EPS.
Several institutional investors have recently bought and sold shares of LB. J. W. Coons Advisors LLC acquired a new stake in L Brands in the 1st quarter valued at $32,000. Harvest Fund Management Co. Ltd purchased a new position in shares of L Brands in the first quarter valued at $32,000. Cullen Frost Bankers Inc. purchased a new position in shares of L Brands in the first quarter valued at $63,000. MML Investors Services LLC purchased a new position in shares of L Brands in the first quarter valued at $126,000. Finally, Dupont Capital Management Corp boosted its position in shares of L Brands by 43.0% during the 1st quarter. Dupont Capital Management Corp now owns 11,151 shares of the specialty retailer’s stock valued at $129,000 after acquiring an additional 3,351 shares during the last quarter. Hedge funds and other institutional investors own 77.28% of the company’s stock.
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.
Receive News & Ratings for L Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for L Brands and related companies with MarketBeat.com's FREE daily email newsletter.