L Brands Inc (NYSE:LB)‘s stock had its “neutral” rating reaffirmed by investment analysts at Credit Suisse Group AG in a note issued to investors on Friday. They presently have a $55.00 price target on the specialty retailer’s stock, up from their prior price target of $52.00. Credit Suisse Group AG’s price target points to a potential upside of 10.69% from the stock’s previous close.
A number of other equities research analysts have also recently commented on LB. Jefferies Group LLC reiterated an “underperform” rating and set a $35.00 price target on shares of L Brands in a report on Friday. FBR & Co set a $60.00 price objective on shares of L Brands and gave the company a “buy” rating in a research report on Thursday. Piper Jaffray Companies restated a “hold” rating and set a $48.00 price objective on shares of L Brands in a research report on Monday. Instinet restated a “neutral” rating and set a $49.00 price objective (up previously from $48.00) on shares of L Brands in a research report on Friday. Finally, Vetr downgraded shares of L Brands from a “buy” rating to a “hold” rating and set a $49.96 price objective on the stock. in a research report on Monday. Four research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $60.52.
L Brands (NYSE:LB) traded down 1.63% during trading on Friday, hitting $48.88. 2,972,122 shares of the company’s stock traded hands. The stock has a market cap of $13.93 billion, a P/E ratio of 12.88 and a beta of 0.82. The company’s 50 day moving average is $49.37 and its 200-day moving average is $58.56. L Brands has a 12 month low of $43.04 and a 12 month high of $79.67.
L Brands (NYSE:LB) last posted its quarterly earnings results on Wednesday, May 17th. The specialty retailer reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.04. L Brands had a net margin of 9.31% and a negative return on equity of 137.81%. The firm had revenue of $2.44 billion for the quarter, compared to analysts’ expectations of $2.46 billion. During the same quarter in the prior year, the company posted $0.59 earnings per share. The business’s revenue for the quarter was down 6.8% on a year-over-year basis. On average, analysts predict that L Brands will post $3.22 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 16th. Stockholders of record on Friday, June 2nd will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 4.83%. L Brands’s payout ratio is 60.61%.
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Institutional investors have recently bought and sold shares of the stock. United Services Automobile Association boosted its position in L Brands by 0.4% in the third quarter. United Services Automobile Association now owns 183,051 shares of the specialty retailer’s stock valued at $12,955,000 after buying an additional 694 shares during the last quarter. SECOR Capital Advisors LP bought a new position in L Brands during the third quarter valued at $4,532,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in L Brands by 28.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 350,310 shares of the specialty retailer’s stock valued at $24,791,000 after buying an additional 78,255 shares during the last quarter. Jabre Capital Partners S.A. bought a new position in L Brands during the third quarter valued at $708,000. Finally, Howard Hughes Medical Institute boosted its position in L Brands by 118.3% in the third quarter. Howard Hughes Medical Institute now owns 102,388 shares of the specialty retailer’s stock valued at $7,246,000 after buying an additional 55,483 shares during the last quarter. 74.20% of the stock is owned by institutional investors.
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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