Nomura Analysts Give L Brands, Inc. (LB) a $38.00 Price Target
A number of other equities research analysts also recently weighed in on LB. Buckingham Research reiterated a buy rating on shares of L Brands in a report 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 report on Friday, May 19th. Jefferies Group LLC set a $32.00 target price on L Brands and gave the stock a sell rating in a report on Wednesday, July 19th. BidaskClub downgraded L Brands from a hold rating to a sell rating in a report 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 report on Friday, May 19th. Six investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and ten have given a buy rating to the company. L Brands currently has an average rating of Hold and an average target price of $51.04.
Shares of L Brands (NYSE LB) opened at 36.20 on Thursday. The stock has a 50 day moving average price of $44.42 and a 200-day moving average price of $49.87. L Brands has a 52 week low of $35.00 and a 52 week high of $79.67. The company 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 issued its quarterly earnings data on Wednesday, August 16th. The specialty retailer reported $0.48 earnings per share (EPS) for the quarter, topping the Zacks’ 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 company had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.75 billion. During the same period last year, the company earned $0.70 earnings per share. The firm’s revenue was down 4.7% compared to the same quarter last year. Equities research analysts expect that L Brands will post $3.17 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 18th will be given a $0.60 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $2.40 annualized dividend and a yield of 6.63%. L Brands’s dividend payout ratio is currently 70.38%.
A number of hedge funds and other institutional investors have recently bought and sold shares of LB. Mn Services Vermogensbeheer B.V. boosted its position in 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 boosted its position in 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. CAPROCK Group Inc. boosted its position in 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. Clark Estates Inc. NY acquired a new position in L Brands during the first quarter valued at $8,666,000. Finally, Douglas Lane & Associates LLC boosted its position in L Brands by 78.7% in the first quarter. Douglas Lane & Associates LLC now owns 325,520 shares of the specialty retailer’s stock valued at $15,332,000 after buying an additional 143,334 shares in the last quarter. 75.20% of the stock is currently owned by institutional investors and hedge funds.
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.
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