BMO Capital Markets set a $37.00 price objective on L Brands, Inc. (NYSE:LB) in a research note released on Friday morning, Marketbeat reports. The firm currently has a market perform rating on the specialty retailer’s stock.

A number of other equities research analysts have also recently issued reports on the company. Buckingham Research reiterated a buy rating on shares of L Brands in a research note on Wednesday, April 26th. Instinet reiterated a neutral rating and issued a $49.00 target price (up from $48.00) on shares of L Brands in a research note on Friday, May 19th. Jefferies Group LLC set a $32.00 target price on L Brands and gave the company a sell rating in a research note on Wednesday, July 19th. BidaskClub cut L Brands from a hold rating to a sell rating in a research note on Friday, July 28th. Finally, Credit Suisse Group reiterated a neutral rating and issued a $55.00 target price (up from $52.00) on shares of L Brands in a research note on Friday, May 19th. Six equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $51.04.

Shares of L Brands (NYSE:LB) opened at 36.20 on Friday. L Brands has a 12 month low of $35.00 and a 12 month high of $79.67. The firm’s 50 day moving average is $44.42 and its 200-day moving average is $49.87. The firm has a market capitalization of $10.38 billion, a PE ratio of 10.63 and a beta of 0.62.

L Brands (NYSE:LB) last announced its quarterly earnings data on Wednesday, August 16th. The specialty retailer reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.03. L Brands had a negative return on equity of 103.04% and a net margin of 8.04%. The firm had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.75 billion. During the same period last year, the business posted $0.70 earnings per share. The firm’s revenue for the quarter was down 4.7% on a year-over-year basis. On average, analysts expect that L Brands will post $3.17 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This story was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this story on another site, it was copied illegally and reposted in violation of U.S. and international copyright & trademark law. The original version of this story can be viewed at https://www.thecerbatgem.com/2017/08/21/bmo-capital-markets-analysts-give-l-brands-inc-lb-a-37-00-price-target.html.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 18th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 6.63%. The ex-dividend date of this dividend is Wednesday, August 16th. L Brands’s dividend payout ratio is presently 70.38%.

Hedge funds have recently added to or reduced their stakes in the stock. Korea Investment CORP raised its stake in shares of L Brands by 106.5% in the first quarter. Korea Investment CORP now owns 109,437 shares of the specialty retailer’s stock valued at $5,154,000 after buying an additional 56,449 shares in the last quarter. UMB Bank N A MO raised its stake in shares of L Brands by 2.5% in the first quarter. UMB Bank N A MO now owns 24,090 shares of the specialty retailer’s stock valued at $1,134,000 after buying an additional 598 shares in the last quarter. Mn Services Vermogensbeheer B.V. raised its stake in shares of L Brands by 3.7% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 6,483 shares of the specialty retailer’s stock valued at $285,000 after buying an additional 234 shares in the last quarter. Nationwide Fund Advisors raised its stake in shares of L Brands by 21.7% in the first quarter. Nationwide Fund Advisors now owns 80,630 shares of the specialty retailer’s stock valued at $3,798,000 after buying an additional 14,364 shares in the last quarter. Finally, CAPROCK Group Inc. raised its stake in shares of L Brands by 8.4% in the first quarter. CAPROCK Group Inc. now owns 8,103 shares of the specialty retailer’s stock valued at $382,000 after buying an additional 627 shares in the last quarter. Institutional investors and hedge funds own 75.20% 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, beauty and home fragrance categories. Its segments include Victoria’s Secret, Bath & Body Works, and Victoria’s Secret and Bath & Body Works International. It sells its merchandise through company-owned specialty retail stores in the United States, Canada, the United Kingdom and Greater China, which are mall-based; through Websites, and through international franchise, license and wholesale partners.

Analyst Recommendations for L Brands (NYSE:LB)

Receive News & Stock Ratings for L Brands Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for L Brands Inc. and related stocks with our FREE daily email newsletter.