L Brands Inc. (NYSE:LB) had its price objective decreased by equities research analysts at FBR & Co to $69.00 in a note issued to investors on Thursday. FBR & Co’s target price suggests a potential downside of 1.67% from the stock’s current price.

A number of other equities research analysts have also recently weighed in on the stock. Mizuho reiterated a “buy” rating and set a $85.00 price target on shares of L Brands in a research report on Monday, September 26th. Citigroup Inc. upgraded shares of L Brands from a “neutral” rating to a “buy” rating and lifted their price target for the company from $74.00 to $84.00 in a research report on Monday, November 14th. Zacks Investment Research cut shares of L Brands from a “buy” rating to a “hold” rating in a research report on Monday, October 24th. Jefferies Group reiterated a “hold” rating on shares of L Brands in a research report on Monday, September 12th. Finally, Goldman Sachs Group Inc. upgraded shares of L Brands from a “neutral” rating to a “buy” rating and lifted their price target for the company from $73.00 to $94.00 in a research report on Monday, August 22nd. Four analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $74.62.

Analyst Recommendations for L Brands (NYSE:LB)

Shares of L Brands (NYSE:LB) opened at 70.17 on Thursday. The stock has a market cap of $20.07 billion, a PE ratio of 17.10 and a beta of 0.88. L Brands has a 52-week low of $60.00 and a 52-week high of $99.83. The company’s 50-day moving average is $70.22 and its 200-day moving average is $70.79.

L Brands (NYSE:LB) last released its quarterly earnings data on Wednesday, November 16th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.02. L Brands had a net margin of 9.31% and a negative return on equity of 137.81%. The firm earned $2.58 billion during the quarter, compared to analysts’ expectations of $2.57 billion. During the same period last year, the business earned $0.55 earnings per share. L Brands’s revenue was up 4.0% compared to the same quarter last year. Equities analysts anticipate that L Brands will post $3.70 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 2nd. Investors of record on Friday, November 18th will be given a $0.60 dividend. The ex-dividend date of this dividend is Wednesday, November 16th. This represents a $2.40 annualized dividend and a dividend yield of 3.42%. L Brands’s dividend payout ratio is presently 60.61%.

In other L Brands news, insider Martin P. Waters sold 45,500 shares of the company’s stock in a transaction dated Tuesday, August 23rd. The shares were sold at an average price of $77.49, for a total value of $3,525,795.00. Following the transaction, the insider now directly owns 13,970 shares in the company, valued at approximately $1,082,535.30. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Charles Mcguigan sold 23,687 shares of the company’s 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 disclosure for this sale can be found here. 16.45% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LB. Vanguard Group Inc. raised its position in shares of L Brands by 0.7% in the second quarter. Vanguard Group Inc. now owns 15,408,113 shares of the company’s stock valued at $1,034,346,000 after buying an additional 110,918 shares during the last quarter. Alecta Pensionsforsakring Omsesidigt raised its position in shares of L Brands by 0.3% in the third quarter. Alecta Pensionsforsakring Omsesidigt now owns 10,833,000 shares of the company’s stock valued at $766,543,000 after buying an additional 30,000 shares during the last quarter. Jackson Square Partners LLC raised its position in shares of L Brands by 39.0% in the second quarter. Jackson Square Partners LLC now owns 7,415,981 shares of the company’s stock valued at $497,834,000 after buying an additional 2,082,149 shares during the last quarter. Morgan Stanley raised its position in shares of L Brands by 7.7% in the third quarter. Morgan Stanley now owns 7,179,662 shares of the company’s stock valued at $508,104,000 after buying an additional 510,227 shares during the last quarter. Finally, American International Group Inc. raised its position in shares of L Brands by 4.9% in the third quarter. American International Group Inc. now owns 6,250,708 shares of the company’s stock valued at $442,363,000 after buying an additional 291,573 shares during the last quarter. Institutional investors own 76.29% 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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