L Brands Inc. (NYSE:LB)‘s stock had its “overweight” rating reaffirmed by Morgan Stanley in a note issued to investors on Tuesday.

A number of other equities research analysts have also commented on LB. Jefferies Group restated a “hold” rating on shares of L Brands in a report on Monday, August 1st. MKM Partners restated a “neutral” rating and set a $60.00 price objective on shares of L Brands in a report on Wednesday, August 3rd. FBR & Co set a $68.00 price objective on shares of L Brands and gave the stock a “hold” rating in a report on Friday, August 5th. Stifel Nicolaus restated a “buy” rating and set a $82.00 price objective (up from $75.00) on shares of L Brands in a report on Friday, August 5th. Finally, Goldman Sachs Group Inc. lifted their price target on shares of L Brands from $64.00 to $73.00 and gave the company a “neutral” rating in a research note on Friday, August 5th. Three investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and eleven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $75.28.

Analyst Recommendations for L Brands (NYSE:LB)

L Brands (NYSE:LB) opened at 70.22 on Tuesday. The firm has a market cap of $20.08 billion, a price-to-earnings ratio of 17.67 and a beta of 0.88. L Brands has a 12 month low of $60.00 and a 12 month high of $99.83. The stock’s 50 day moving average is $70.28 and its 200-day moving average is $70.79.

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 9.31% and a negative return on equity of 137.81%. The business had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.57 billion. During the same period last year, the business posted $0.55 earnings per share. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. On average, analysts anticipate that L Brands will post $3.69 earnings per share for the current fiscal year.

The business 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 dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date is Wednesday, November 16th. L Brands’s dividend payout ratio is 60.61%.

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Institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its position in shares of L Brands by 20.6% in the first quarter. Royal Bank of Canada now owns 165,771 shares of the company’s stock valued at $14,557,000 after buying an additional 28,329 shares during the period. First Republic Investment Management Inc. boosted its position in shares of L Brands by 34.1% in the first quarter. First Republic Investment Management Inc. now owns 11,245 shares of the company’s stock valued at $988,000 after buying an additional 2,862 shares during the period. BlueMountain Capital Management LLC boosted its position in shares of L Brands by 38,550.0% in the first quarter. BlueMountain Capital Management LLC now owns 7,730 shares of the company’s stock valued at $679,000 after buying an additional 7,710 shares during the period. Boothbay Fund Management LLC boosted 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, New England Research & Management Inc. boosted its position in shares of L Brands by 50.6% in the second quarter. New England Research & Management Inc. now owns 6,250 shares of the company’s stock valued at $420,000 after buying an additional 2,100 shares during the period. Institutional investors and hedge funds own 73.59% 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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