L Brands Inc. (NYSE:LB)‘s stock had its “neutral” rating reissued by stock analysts at MKM Partners in a research report issued to clients and investors on Wednesday. They presently have a $71.00 price target on the stock. MKM Partners’ price objective suggests a potential upside of 0.64% from the company’s current price.

A number of other equities research analysts also recently weighed in on the stock. Oppenheimer Holdings Inc. reaffirmed a “market perform” rating and set a $75.00 price objective on shares of L Brands in a research report on Tuesday, June 21st. Bank of America Corp. downgraded shares of L Brands from a “neutral” rating to an “underperform” rating and lowered their price objective for the company from $74.00 to $57.00 in a research report on Tuesday, June 28th. Vetr downgraded shares of L Brands from a “strong-buy” rating to a “hold” rating and set a $66.86 price objective for the company. in a research report on Tuesday, June 28th. FBR & Co reaffirmed a “market perform” rating and set a $63.00 price objective on shares of L Brands in a research report on Wednesday, July 6th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $75.00 price objective on shares of L Brands in a research report on Thursday, July 7th. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $78.32.

Analyst Recommendations for L Brands (NYSE:LB)

L Brands (NYSE:LB) traded up 2.78% during midday trading on Wednesday, hitting $72.51. 917,396 shares of the stock were exchanged. The stock has a market cap of $20.74 billion, a price-to-earnings ratio of 17.67 and a beta of 0.91. L Brands has a 52 week low of $60.00 and a 52 week high of $101.11. The firm’s 50-day moving average is $73.13 and its 200 day moving average is $73.00.

L Brands (NYSE:LB) last issued its earnings results on Wednesday, August 17th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.11. The business had revenue of $2.89 billion for the quarter. L Brands had a net margin of 9.73% and a negative return on equity of 150.59%. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.68 EPS. Equities research analysts expect that L Brands will post $3.83 EPS for the current fiscal year.

In other news, COO Charles Mcguigan sold 23,687 shares of the stock in a transaction on 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 the SEC website. Also, insider Martin P. Waters sold 45,500 shares of the stock in a transaction on 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 transaction, the insider now owns 13,970 shares in the company, valued at approximately $1,082,535.30. The disclosure for this sale can be found here. Insiders own 16.45% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Mn Services Vermogensbeheer B.V. raised its position 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 valued at $378,000 after buying an additional 99 shares during the period. Allen Investment Management LLC raised its position in shares of L Brands by 1.0% in the first quarter. Allen Investment Management LLC now owns 11,494 shares of the company’s stock valued at $1,009,000 after buying an additional 109 shares during the period. Advantus Capital Management Inc raised its position in shares of L Brands by 0.4% in the second quarter. Advantus Capital Management Inc now owns 24,971 shares of the company’s stock valued at $1,676,000 after buying an additional 109 shares during the period. Boothbay Fund Management LLC raised its position in shares of L Brands by 4.5% in the first quarter. Boothbay Fund Management LLC now owns 2,694 shares of the company’s stock valued at $237,000 after buying an additional 117 shares during the period. Finally, Quadrant Capital Group LLC raised its position 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 valued at $145,000 after buying an additional 124 shares during the period. Institutional investors own 75.60% of the company’s stock.

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.

5 Day Chart for NYSE:LB

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