L Brands Inc. (LB) Given Outperform Rating at Cowen and Company
L Brands Inc. (NYSE:LB)‘s stock had its “outperform” rating reiterated by stock analysts at Cowen and Company in a research report issued on Saturday. They currently have a $83.00 price objective on the stock. Cowen and Company’s target price indicates a potential upside of 16.52% from the company’s previous close.
Other equities research analysts have also issued research reports about the stock. Nomura restated a “hold” rating on shares of L Brands in a report on Saturday, July 9th. Robert W. Baird set a $80.00 price target on shares of L Brands and gave the company a “neutral” rating in a report on Friday, September 2nd. Deutsche Bank AG restated a “buy” rating on shares of L Brands in a report on Sunday, July 10th. Stifel Nicolaus restated a “buy” rating and set a $90.00 price target on shares of L Brands in a report on Saturday, September 3rd. Finally, MKM Partners restated a “neutral” rating and set a $60.00 price target on shares of L Brands in a report on Friday, July 8th. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. L Brands presently has an average rating of “Hold” and an average price target of $77.95.
L Brands (NYSE:LB) opened at 71.23 on Friday. The firm has a market cap of $20.37 billion, a price-to-earnings ratio of 17.36 and a beta of 0.91. L Brands has a one year low of $60.00 and a one year high of $101.11. The firm has a 50 day moving average of $73.51 and a 200-day moving average of $73.30.
L Brands (NYSE:LB) last released its quarterly earnings results on Wednesday, August 17th. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.11. L Brands had a net margin of 9.73% and a negative return on equity of 150.59%. The company had revenue of $2.89 billion for the quarter. During the same quarter last year, the firm posted $0.68 earnings per share. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. Equities research analysts forecast that L Brands will post $3.83 EPS for the current fiscal year.
In other L Brands news, COO Charles Mcguigan sold 23,687 shares of the stock in a transaction dated Tuesday, August 30th. The shares were sold at an average price of $76.37, for a total transaction of $1,808,976.19. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Nicholas Coe sold 4,951 shares of the stock in a transaction dated Monday, July 11th. The stock was sold at an average price of $67.53, for a total transaction of $334,341.03. The disclosure for this sale can be found here. 16.45% of the stock is currently owned by insiders.
Large investors have recently modified their holdings of the company. Financial Architects Inc raised its stake in shares of L Brands by 56.4% in the second quarter. Financial Architects Inc now owns 1,749 shares of the company’s stock worth $117,000 after buying an additional 631 shares in the last quarter. Tower Research Capital LLC TRC bought a new stake in shares of L Brands during the second quarter worth approximately $123,000. Whittier Trust Co. of Nevada Inc. raised its stake in shares of L Brands by 44.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,872 shares of the company’s stock worth $125,000 after buying an additional 572 shares in the last quarter. Global X Management Co. LLC raised its stake in shares of L Brands by 98.0% in the second quarter. Global X Management Co. LLC now owns 2,053 shares of the company’s stock worth $138,000 after buying an additional 1,016 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its stake in shares of L Brands by 5.9% in the second quarter. Quadrant Capital Group LLC now owns 2,226 shares of the company’s stock worth $145,000 after buying an additional 124 shares in the last quarter. 75.60% of the stock is currently owned by hedge funds and other 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 and beauty categories. The Company operates through three segments: Victoria’s Secret, Bath & Body Works, and Victoria’s Secret and Bath & Body Works International. Victoria’s Secret segment includes PINK, which is the specialty retailer of women’s intimate and other apparel with collections, fragrances, supermodels and runway shows.
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