L Brands Inc. (LB) Receives “Buy” Rating from Mizuho
Several other equities research analysts have also commented on the company. Bank of America Corp. lowered L Brands from a neutral rating to an underperform rating and dropped their price target for the stock from $74.00 to $57.00 in a research note on Tuesday, June 28th. Vetr lowered L Brands from a strong-buy rating to a hold rating and set a $66.86 price target for the company. in a research note on Tuesday, June 28th. Citigroup Inc. increased their target price on L Brands from $70.00 to $72.00 and gave the company a neutral rating in a research note on Monday, August 8th. FBR & Co reiterated a market perform rating and issued a $75.00 target price on shares of L Brands in a research note on Wednesday, August 31st. Finally, Jefferies Group reiterated a hold rating on shares of L Brands in a research note on Monday, September 12th. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $77.95.
Shares of L Brands (NYSE:LB) traded up 0.10% during midday trading on Friday, hitting $71.23. The stock had a trading volume of 2,627,988 shares. The stock has a 50 day moving average of $73.51 and a 200-day moving average of $73.30. L Brands has a one year low of $60.00 and a one year high of $101.11. The company has a market cap of $20.37 billion, a P/E ratio of 17.36 and a beta of 0.91.
L Brands (NYSE:LB) last announced its quarterly earnings results on Wednesday, August 17th. The company reported $0.70 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.11. The company earned $2.89 billion during the quarter. L Brands had a negative return on equity of 150.59% and a net margin of 9.73%. The business’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.68 earnings per share. Analysts forecast that L Brands will post $3.83 EPS for the current fiscal year.
In related news, insider Martin P. Waters sold 45,500 shares of L Brands stock in a transaction dated Tuesday, August 23rd. The stock was sold at an average price of $77.49, for a total transaction of $3,525,795.00. Following the sale, the insider now directly owns 13,970 shares of the company’s stock, valued at $1,082,535.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Charles Mcguigan sold 23,687 shares of L Brands stock in a transaction dated Tuesday, August 30th. The stock was sold at an average price of $76.37, for a total value of $1,808,976.19. The disclosure for this sale can be found here. Corporate insiders own 16.45% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Loomis Sayles & Co. L P increased its stake in L Brands by 76.0% in the first quarter. Loomis Sayles & Co. L P now owns 1,716 shares of the company’s stock worth $151,000 after buying an additional 741 shares during the period. Financial Architects Inc increased its stake in 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 during the period. Tower Research Capital LLC TRC purchased a new stake in L Brands during the second quarter worth $123,000. Whittier Trust Co. of Nevada Inc. increased its stake in 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 during the period. Finally, Global X Management Co. LLC increased its stake in 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 during the period. 75.60% of the stock is currently owned by institutional investors and hedge funds.
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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