Scotiabank restated their hold rating on shares of L Brands (NYSE:LB) in a research report released on Wednesday morning. The brokerage currently has a $59.00 target price on the specialty retailer’s stock.
A number of other research firms also recently weighed in on LB. Robert W. Baird reaffirmed a hold rating and set a $60.00 price target on shares of L Brands in a research note on Friday, December 22nd. BMO Capital Markets set a $56.00 price target on L Brands and gave the stock a hold rating in a research note on Tuesday, December 19th. Telsey Advisory Group raised their price target on L Brands from $64.00 to $70.00 and gave the stock an outperform rating in a research note on Tuesday, January 2nd. Morgan Stanley reaffirmed an overweight rating and set a $70.00 price target on shares of L Brands in a research note on Thursday, December 14th. Finally, CIBC reaffirmed a hold rating and set a $60.00 price target on shares of L Brands in a research note on Friday, December 8th. Six analysts have rated the stock with a sell rating, twenty have issued a hold rating and twelve have given a buy rating to the company’s stock. L Brands presently has an average rating of Hold and an average price target of $51.63.
Shares of L Brands (LB) traded up $1.67 during trading on Wednesday, reaching $50.69. The company had a trading volume of 3,391,276 shares, compared to its average volume of 4,228,910. The stock has a market cap of $13,836.64, a P/E ratio of 15.41, a P/E/G ratio of 1.37 and a beta of 0.80. 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 has a 1 year low of $35.00 and a 1 year high of $63.10.
L Brands (NYSE:LB) last announced its quarterly earnings data on Wednesday, November 15th. The specialty retailer reported $0.30 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.30. The firm had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.57 billion. L Brands had a negative return on equity of 101.19% and a net margin of 7.73%. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.42 EPS. research analysts forecast that L Brands will post 3.12 earnings per share for the current year.
In other L Brands news, Director David T. Kollat bought 9,910 shares of the stock in a transaction on Monday, November 20th. The shares were purchased at an average price of $50.34 per share, with a total value of $498,869.40. Following the acquisition, the director now directly owns 158,878 shares of the company’s stock, valued at approximately $7,997,918.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 16.68% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. M&T Bank Corp grew its holdings in L Brands by 0.3% in the 2nd quarter. M&T Bank Corp now owns 17,171 shares of the specialty retailer’s stock valued at $925,000 after buying an additional 53 shares during the last quarter. Thrivent Financial For Lutherans grew its holdings in L Brands by 3.5% in the 2nd quarter. Thrivent Financial For Lutherans now owns 9,154 shares of the specialty retailer’s stock valued at $493,000 after buying an additional 310 shares during the last quarter. Mutual of America Capital Management LLC grew its holdings in L Brands by 1.2% in the 2nd quarter. Mutual of America Capital Management LLC now owns 29,574 shares of the specialty retailer’s stock valued at $1,594,000 after buying an additional 364 shares during the last quarter. Miles Capital Inc. grew its holdings in L Brands by 2.2% in the 2nd quarter. Miles Capital Inc. now owns 25,091 shares of the specialty retailer’s stock valued at $1,352,000 after buying an additional 545 shares during the last quarter. Finally, Rikoon Group LLC grew its holdings in L Brands by 5.3% in the 2nd quarter. Rikoon Group LLC now owns 24,697 shares of the specialty retailer’s stock valued at $1,330,000 after buying an additional 1,250 shares during the last quarter. 78.82% of the stock is currently owned by hedge funds and other institutional investors.
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L Brands Company Profile
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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