L Brands Inc. (LB) Receives $75.29 Average Target Price from Analysts
Shares of L Brands Inc. (NYSE:LB) have received a consensus recommendation of “Hold” from the thirty-two brokerages that are presently covering the firm. Four investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eleven have assigned a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $74.65.
LB has been the subject of several analyst reports. Mizuho restated a “buy” rating and issued a $85.00 target price on shares of L Brands in a report on Monday, September 26th. Citigroup Inc. upgraded shares of L Brands from a “neutral” rating to a “buy” rating and raised their target price for the stock from $74.00 to $84.00 in a report on Monday. FBR & Co restated a “market perform” rating and issued a $75.00 target price on shares of L Brands in a report on Wednesday, August 31st. Zacks Investment Research lowered shares of L Brands from a “buy” rating to a “hold” rating in a report on Monday, October 24th. Finally, Jefferies Group restated a “hold” rating on shares of L Brands in a report on Monday, September 12th.
Shares of L Brands (NYSE:LB) opened at 69.64 on Tuesday. The stock’s 50 day moving average is $70.25 and its 200-day moving average is $70.86. L Brands has a 12-month low of $60.00 and a 12-month high of $99.83. The company has a market capitalization of $19.92 billion, a P/E ratio of 16.97 and a beta of 0.88.
L Brands (NYSE:LB) last issued its quarterly earnings data on Wednesday, November 16th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.02. L Brands had a net margin of 9.73% and a negative return on equity of 150.59%. The business earned $2.58 billion during the quarter, compared to analysts’ expectations of $2.57 billion. During the same period last year, the company posted $0.55 EPS. The business’s revenue was up 4.0% on a year-over-year basis. Analysts anticipate that L Brands will post $3.73 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 2nd. Investors of record on Friday, November 18th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 3.45%. The ex-dividend date of this dividend is Wednesday, November 16th. L Brands’s dividend payout ratio is currently 58.68%.
In related news, COO Charles Mcguigan sold 23,687 shares of the business’s stock in a transaction on Tuesday, August 30th. The shares were sold at an average price of $76.37, for a total value of $1,808,976.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Martin P. Waters sold 45,500 shares of the business’s stock in a transaction on Tuesday, August 23rd. The shares were sold at an average price of $77.49, for a total transaction of $3,525,795.00. Following the completion of the transaction, the insider now owns 13,970 shares of the company’s stock, valued at $1,082,535.30. The disclosure for this sale can be found here. 16.45% of the stock is currently owned by corporate insiders.
Several institutional investors have recently bought and sold shares of the stock. Amica Retiree Medical Trust bought a new position in L Brands during the third quarter worth $106,000. Loomis Sayles & Co. L P boosted its position 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 in the last quarter. Financial Architects Inc boosted its position 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 in the last quarter. Tower Research Capital LLC TRC bought a new position in L Brands during the second quarter worth $123,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its position 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 in the last quarter. Hedge funds and other institutional investors own 75.47% 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.
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