L Brands (NYSE:LB) received a $42.00 target price from equities research analysts at Loop Capital in a research report issued to clients and investors on Tuesday. The firm presently has a “hold” rating on the specialty retailer’s stock. Loop Capital’s target price points to a potential upside of 5.24% from the company’s current price.
A number of other analysts also recently issued reports on LB. Scotiabank reiterated a “hold” rating and issued a $67.00 price target on shares of L Brands in a report on Wednesday, November 22nd. Robert W. Baird set a $48.00 price target on shares of L Brands and gave the company a “hold” rating in a report on Saturday, November 25th. Telsey Advisory Group reiterated an “outperform” rating and issued a $64.00 price target (up from $60.00) on shares of L Brands in a report on Tuesday, November 28th. B. Riley reiterated a “buy” rating and issued a $58.00 price target on shares of L Brands in a report on Wednesday, November 29th. Finally, CIBC reiterated a “hold” rating and issued a $60.00 price target on shares of L Brands in a report on Friday, December 8th. Seven investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eleven have assigned a buy rating to the company. L Brands currently has an average rating of “Hold” and an average target price of $50.24.
Shares of L Brands (LB) opened at $39.91 on Tuesday. The company has a market cap of $11,448.68, a price-to-earnings ratio of 11.60, a PEG ratio of 1.11 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 quick ratio of 0.60 and a current ratio of 1.45.
L Brands (NYSE:LB) last announced its quarterly earnings data on Wednesday, February 28th. The specialty retailer reported $2.11 EPS for the quarter, beating the Thomson Reuters’ 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 company’s revenue was up 7.4% on a year-over-year basis. During the same period last year, the firm earned $2.03 EPS. analysts anticipate that L Brands will post 3.17 earnings per share for the current fiscal year.
L Brands declared that its board has approved a share repurchase program on Thursday, March 8th that permits the company to buyback $226.90 million in shares. This buyback authorization permits the specialty retailer to purchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.
In related news, CFO Stuart B. Burgdoerfer sold 33,000 shares of L Brands stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $42.53, for a total transaction of $1,403,490.00. Following the completion of the transaction, the chief financial officer now directly owns 69,640 shares of the company’s stock, valued at approximately $2,961,789.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 16.68% of the stock is currently owned by insiders.
Several hedge funds have recently added to or reduced their stakes in LB. American International Group Inc. boosted its position in L Brands by 74.8% in the 4th quarter. American International Group Inc. now owns 10,436,938 shares of the specialty retailer’s stock valued at $628,512,000 after buying an additional 4,466,237 shares during the period. Amundi Pioneer Asset Management Inc. purchased a new stake in L Brands in the 4th quarter valued at about $120,549,000. Victory Capital Management Inc. boosted its position in L Brands by 1,045.9% in the 4th quarter. Victory Capital Management Inc. now owns 1,091,745 shares of the specialty retailer’s stock valued at $65,745,000 after buying an additional 996,468 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its position in L Brands by 29.0% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,156,510 shares of the specialty retailer’s stock valued at $172,952,000 after buying an additional 935,259 shares during the period. Finally, Flossbach Von Storch AG boosted its position in L Brands by 81.2% in the 3rd quarter. Flossbach Von Storch AG now owns 2,054,020 shares of the specialty retailer’s stock valued at $85,468,000 after buying an additional 920,710 shares during the period. 81.06% of the stock is owned by hedge funds and other institutional investors.
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.
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