L Brands Inc. (NYSE:LB) has been assigned an average recommendation of “Hold” from the thirty-two research firms that are currently covering the firm. Two research analysts have rated the stock with a sell recommendation, sixteen have given a hold recommendation, twelve have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $78.86.

A number of research analysts recently issued reports on the stock. Nomura reiterated a “hold” rating on shares of L Brands in a report on Saturday, July 9th. Robert W. Baird set a $80.00 price objective on shares of L Brands and gave the company a “neutral” rating in a report on Friday, September 2nd. Deutsche Bank AG reiterated a “buy” rating on shares of L Brands in a report on Sunday, July 10th. FBR & Co set a $75.00 price objective on shares of L Brands and gave the company a “hold” rating in a report on Saturday. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $90.00 price objective on shares of L Brands in a report on Saturday, September 3rd.

Shares of L Brands (NYSE:LB) traded down 1.66% on Tuesday, reaching $70.57. 552,787 shares of the company’s stock were exchanged. The company’s 50 day moving average price is $73.34 and its 200-day moving average price is $73.02. The stock has a market cap of $20.18 billion, a P/E ratio of 17.20 and a beta of 0.91. L Brands has a 52-week low of $60.00 and a 52-week high of $101.11.

L Brands (NYSE:LB) last posted its 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. The firm earned $2.89 billion during the quarter. L Brands had a net margin of 9.73% and a negative return on equity of 150.59%. The firm’s revenue was up 4.5% compared to the same quarter last year. During the same period last year, the company posted $0.68 EPS. Equities 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 the business’s stock in a transaction dated Tuesday, August 23rd. The stock was sold at an average price of $77.49, for a total value of $3,525,795.00. Following the sale, the insider now directly owns 13,970 shares in the company, valued at approximately $1,082,535.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Charles Mcguigan sold 23,687 shares of the business’s stock in a transaction dated Tuesday, August 30th. The shares were 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. 16.45% of the stock is owned by corporate insiders.

A number of large investors have recently made changes to their positions in the stock. Mn Services Vermogensbeheer B.V. boosted its stake in shares of L Brands by 1.6% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 6,249 shares of the company’s stock worth $378,000 after buying an additional 99 shares in the last quarter. Allen Investment Management LLC raised its position in L Brands by 1.0% in the first quarter. Allen Investment Management LLC now owns 11,494 shares of the company’s stock worth $1,009,000 after buying an additional 109 shares during the last quarter. Advantus Capital Management Inc raised its position in L Brands by 0.4% in the second quarter. Advantus Capital Management Inc now owns 24,971 shares of the company’s stock worth $1,676,000 after buying an additional 109 shares during the last quarter. Boothbay Fund Management LLC raised its position in L Brands by 4.5% in the first quarter. Boothbay Fund Management LLC now owns 2,694 shares of the company’s stock worth $237,000 after buying an additional 117 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its position in 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 during the last quarter. Institutional investors and hedge funds own 75.60% of the company’s stock.

About L Brands

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.

5 Day Chart for NYSE:LB

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