L Brands Inc (NYSE:LB) has been assigned a consensus recommendation of “Hold” from the twenty-nine ratings firms that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and ten have issued a buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $33.48.
Several equities research analysts recently commented on LB shares. Odeon Capital Group started coverage on shares of L Brands in a research report on Friday, April 26th. They issued a “buy” rating for the company. Jefferies Financial Group reduced their price target on shares of L Brands from $21.00 to $16.00 in a research report on Thursday, February 28th. Telsey Advisory Group restated a “market perform” rating and issued a $28.00 price target (down previously from $31.00) on shares of L Brands in a research report on Friday, March 1st. B. Riley reduced their price target on shares of L Brands from $44.00 to $41.00 and set a “buy” rating for the company in a research report on Thursday, February 21st. Finally, Barclays upgraded shares of L Brands from an “equal weight” rating to an “overweight” rating and set a $31.00 price target for the company in a research report on Friday, March 1st.
LB stock traded up $0.09 on Friday, hitting $22.44. 3,612,564 shares of the company’s stock traded hands, compared to its average volume of 4,345,602. L Brands has a 1-year low of $21.82 and a 1-year high of $38.14. The firm has a market cap of $6.12 billion, a PE ratio of 7.96, a P/E/G ratio of 0.87 and a beta of 0.51.
L Brands (NYSE:LB) last issued its quarterly earnings results on Wednesday, February 27th. The specialty retailer reported $2.14 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.06 by $0.08. The business had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $4.90 billion. L Brands had a net margin of 4.86% and a negative return on equity of 73.73%. The firm’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.11 EPS. Equities analysts forecast that L Brands will post 2.36 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 5.35%. L Brands’s dividend payout ratio is presently 42.55%.
A number of institutional investors have recently added to or reduced their stakes in LB. Oregon Public Employees Retirement Fund increased its stake in L Brands by 2,272.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 637,591 shares of the specialty retailer’s stock valued at $25,000 after buying an additional 610,714 shares during the period. FNY Investment Advisers LLC acquired a new position in L Brands in the 4th quarter valued at approximately $37,000. JNBA Financial Advisors acquired a new position in L Brands in the 4th quarter valued at approximately $56,000. Synovus Financial Corp increased its stake in L Brands by 167.8% in the 4th quarter. Synovus Financial Corp now owns 2,394 shares of the specialty retailer’s stock valued at $62,000 after buying an additional 1,500 shares during the period. Finally, Kessler Investment Group LLC acquired a new position in L Brands in the 1st quarter valued at approximately $67,000. Hedge funds and other institutional investors own 71.24% 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.
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