L Brands (LB) Given a $31.00 Price Target by Barclays Analysts

Barclays set a $31.00 price target on L Brands (NYSE:LB) in a research note published on Thursday morning. The firm currently has a hold rating on the specialty retailer’s stock.

Several other research firms have also weighed in on LB. UBS Group started coverage on shares of L Brands in a report on Thursday, June 21st. They issued a neutral rating and a $37.00 target price on the stock. Loop Capital set a $27.00 target price on shares of L Brands and gave the stock a sell rating in a report on Thursday, July 12th. Guggenheim reaffirmed a hold rating on shares of L Brands in a report on Thursday, July 12th. Zacks Investment Research raised shares of L Brands from a sell rating to a hold rating in a report on Tuesday, July 17th. Finally, Piper Jaffray Companies set a $29.00 target price on shares of L Brands and gave the company a hold rating in a research note on Tuesday, August 7th. Five equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and nine have issued a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $37.79.

Shares of LB stock traded down $0.88 during mid-day trading on Thursday, reaching $29.92. The company’s stock had a trading volume of 374,799 shares, compared to its average volume of 4,935,729. L Brands has a 1-year low of $25.89 and a 1-year high of $63.10. The stock has a market cap of $8.60 billion, a price-to-earnings ratio of 9.59, a P/E/G ratio of 1.08 and a beta of 0.51. The company has a debt-to-equity ratio of -5.09, a quick ratio of 0.75 and a current ratio of 1.46.

L Brands (NYSE:LB) last announced its quarterly earnings data on Wednesday, August 22nd. The specialty retailer reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.02. L Brands had a net margin of 6.87% and a negative return on equity of 84.14%. The company had revenue of $2.98 billion during the quarter, compared to analysts’ expectations of $2.92 billion. During the same quarter in the prior year, the company posted $0.48 EPS. The business’s revenue was up 8.3% on a year-over-year basis. On average, sell-side analysts predict that L Brands will post 2.51 earnings per share for the current year.

A number of hedge funds have recently made changes to their positions in LB. Piedmont Investment Advisors LLC acquired a new stake in shares of L Brands in the second quarter valued at approximately $104,000. Gradient Investments LLC bought a new position in shares of L Brands in the second quarter valued at $109,000. Private Capital Group LLC grew its stake in shares of L Brands by 6,777.3% in the second quarter. Private Capital Group LLC now owns 3,026 shares of the specialty retailer’s stock valued at $111,000 after buying an additional 2,982 shares in the last quarter. Ferguson Wellman Capital Management Inc. bought a new position in shares of L Brands in the second quarter valued at $216,000. Finally, Norway Savings Bank bought a new position in shares of L Brands in the second quarter valued at $221,000. Hedge funds and other institutional investors own 73.53% 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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Analyst Recommendations for L Brands (NYSE:LB)

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