L Brands, Inc. (LB) Receives “Buy” Rating from MKM Partners
LB has been the topic of several other research reports. FBR & Co reissued an outperform rating and set a $60.00 target price on shares of L Brands in a research note on Wednesday, May 31st. Buckingham Research reaffirmed a buy rating on shares of L Brands in a research note on Wednesday, April 26th. Oppenheimer Holdings, Inc. set a $62.00 price objective on L Brands and gave the stock a buy rating in a research note on Thursday, May 4th. Jefferies Group LLC reaffirmed an underperform rating and issued a $32.00 price objective on shares of L Brands in a research note on Wednesday, August 9th. Finally, Vetr raised L Brands from a hold rating to a buy rating and set a $53.07 price objective on the stock in a research note on Thursday, May 4th. Six analysts have rated the stock with a sell rating, eighteen have issued a hold rating and ten have issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $51.04.
L Brands (NYSE:LB) opened at 36.20 on Friday. L Brands has a one year low of $35.00 and a one year high of $79.67. The stock’s 50 day moving average price is $44.42 and its 200 day moving average price is $49.87. The stock has a market cap of $10.38 billion, a price-to-earnings ratio of 10.63 and a beta of 0.62.
L Brands (NYSE:LB) last issued its earnings results on Wednesday, August 16th. The specialty retailer reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.03. The company had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.75 billion. L Brands had a negative return on equity of 103.04% and a net margin of 8.04%. The firm’s quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter last year, the company earned $0.70 EPS. Equities analysts predict that L Brands will post $3.17 earnings per share for the current fiscal year.
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The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 18th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 6.63%. The ex-dividend date of this dividend is Wednesday, August 16th. L Brands’s dividend payout ratio is currently 70.38%.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Rikoon Group LLC raised its position in shares of L Brands by 5.3% in the second quarter. Rikoon Group LLC now owns 24,697 shares of the specialty retailer’s stock valued at $1,330,000 after buying an additional 1,250 shares in the last quarter. Advisory Services Network LLC raised its position in shares of L Brands by 5,618.0% in the second quarter. Advisory Services Network LLC now owns 5,089 shares of the specialty retailer’s stock worth $274,000 after buying an additional 5,000 shares in the last quarter. WINTON GROUP Ltd raised its position in shares of L Brands by 182.6% in the second quarter. WINTON GROUP Ltd now owns 59,353 shares of the specialty retailer’s stock worth $3,199,000 after buying an additional 38,349 shares in the last quarter. Disciplined Growth Investors Inc. MN raised its position in shares of L Brands by 0.5% in the second quarter. Disciplined Growth Investors Inc. MN now owns 1,981,735 shares of the specialty retailer’s stock worth $106,796,000 after buying an additional 10,240 shares in the last quarter. Finally, Westwood Holdings Group Inc. purchased a new position in shares of L Brands during the second quarter worth $547,000. 75.20% of the stock is currently owned by institutional investors.
About L Brands
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.
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