L Brands (NYSE:LB)‘s stock had its “buy” rating reissued by equities research analysts at Robert W. Baird in a report released on Wednesday, March 7th.
Several other brokerages also recently commented on LB. Telsey Advisory Group downgraded shares of L Brands from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $70.00 to $52.00 in a research note on Thursday, March 1st. Wolfe Research lifted their target price on shares of L Brands from $48.00 to $53.00 and gave the stock a “peer perform” rating in a research note on Monday, February 12th. Piper Jaffray Companies set a $47.00 target price on shares of L Brands and gave the stock a “hold” rating in a research note on Thursday, November 16th. BMO Capital Markets decreased their target price on shares of L Brands from $56.00 to $45.00 and set a “market perform” rating on the stock in a research note on Friday, March 2nd. Finally, Morgan Stanley decreased their target price on shares of L Brands from $76.00 to $55.00 and set an “overweight” rating on the stock in a research note on Friday, March 2nd. Seven equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eleven have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $50.33.
L Brands (LB) traded down $0.60 during mid-day trading on Wednesday, hitting $41.30. 4,215,471 shares of the company’s stock traded hands, compared to its average volume of 4,941,979. The stock has a market capitalization of $11,897.48, a P/E ratio of 12.01, a PEG ratio of 1.16 and a beta of 0.59. L Brands has a 52-week low of $35.00 and a 52-week high of $63.10. The company has a debt-to-equity ratio of -5.10, a current ratio of 1.45 and a quick ratio of 0.60.
L Brands (NYSE:LB) last posted its quarterly earnings results on Wednesday, February 28th. The specialty retailer reported $2.11 EPS for the quarter, topping the consensus estimate of $2.05 by $0.06. The firm had revenue of $4.82 billion for the quarter, compared to the consensus estimate of $4.72 billion. L Brands had a net margin of 7.78% and a negative return on equity of 96.25%. The business’s revenue was up 7.4% compared to the same quarter last year. During the same period last year, the firm posted $2.03 earnings per share. equities analysts forecast that L Brands will post 3.17 EPS for the current fiscal year.
L Brands declared that its Board of Directors has initiated a share buyback program on Thursday, March 8th that permits the company to repurchase $226.90 million in outstanding shares. This repurchase authorization permits the specialty retailer to buy shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.
Institutional investors have recently made changes to their positions in the stock. Xact Kapitalforvaltning AB raised its position in L Brands by 7.6% in the 4th quarter. Xact Kapitalforvaltning AB now owns 44,304 shares of the specialty retailer’s stock worth $2,668,000 after buying an additional 3,130 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in L Brands by 6.2% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 90,893 shares of the specialty retailer’s stock worth $5,474,000 after buying an additional 5,278 shares during the last quarter. Griffin Asset Management Inc. raised its position in L Brands by 10.6% in the 4th quarter. Griffin Asset Management Inc. now owns 14,922 shares of the specialty retailer’s stock worth $899,000 after buying an additional 1,425 shares during the last quarter. Sawtooth Solutions LLC purchased a new position in L Brands in the 4th quarter worth about $1,026,000. Finally, We Are One Seven LLC purchased a new position in L Brands in the 4th quarter worth about $1,263,000. Institutional investors own 81.05% of the company’s stock.
About L Brands
L Brands, Inc operates specialty retail business. The Company is focused on women’s intimate and other apparel, personal care, beauty and home fragrance categories. Its segments include Victoria’s Secret, Bath & Body Works, and Victoria’s Secret and Bath & Body Works International. It sells its merchandise through company-owned specialty retail stores in the United States, Canada, the United Kingdom and Greater China, which are mall-based; through Websites, and through international franchise, license and wholesale partners.
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.