Other equities research analysts have also issued research reports about the company. Barclays lowered their price objective on L Brands from $33.00 to $30.00 and set a hold rating on the stock in a report on Thursday, August 23rd. JPMorgan Chase & Co. lowered their price objective on L Brands to $26.00 and set a neutral rating on the stock in a report on Thursday, August 23rd. Robert W. Baird lowered their price objective on L Brands from $45.00 to $40.00 and set an outperform rating on the stock in a report on Thursday, August 23rd. MKM Partners set a $31.00 price objective on L Brands and gave the company a hold rating in a report on Friday. Finally, KeyCorp lowered their price objective on L Brands from $28.00 to $25.00 and set an underweight rating on the stock in a report on Friday, August 24th. Five investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and nine have given a buy rating to the stock. L Brands has an average rating of Hold and an average target price of $37.76.
LB traded up $1.17 during trading on Friday, reaching $31.38. The company’s stock had a trading volume of 6,894,523 shares, compared to its average volume of 5,056,761. L Brands has a 52-week low of $25.89 and a 52-week high of $63.10. The firm has a market capitalization of $8.33 billion, a PE ratio of 9.81, a P/E/G ratio of 1.05 and a beta of 0.51. The company has a current ratio of 1.46, a quick ratio of 0.75 and a debt-to-equity ratio of -5.09.
L Brands (NYSE:LB) last announced its quarterly earnings data on Wednesday, August 22nd. The specialty retailer reported $0.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.02. L Brands had a negative return on equity of 84.14% and a net margin of 6.87%. The company had revenue of $2.98 billion for the quarter, compared to analyst estimates of $2.92 billion. During the same quarter in the previous year, the company earned $0.48 EPS. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. On average, sell-side analysts predict that L Brands will post 2.51 EPS for the current year.
Institutional investors and hedge funds have recently modified their holdings of the business. Piedmont Investment Advisors LLC acquired a new position in L Brands in the 2nd quarter valued at $104,000. Gradient Investments LLC acquired a new stake in shares of L Brands during the 2nd quarter worth $109,000. Private Capital Group LLC increased its holdings in shares of L Brands by 6,777.3% during the 2nd quarter. Private Capital Group LLC now owns 3,026 shares of the specialty retailer’s stock worth $111,000 after buying an additional 2,982 shares during the last quarter. Ferguson Wellman Capital Management Inc. acquired a new stake in shares of L Brands during the 2nd quarter worth $216,000. Finally, Norway Savings Bank acquired a new stake in shares of L Brands during the 2nd quarter worth $221,000. Institutional investors own 73.42% of the company’s stock.
About L Brands
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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