L Brands, Inc. (LB) PT Set at $30.00 by Jefferies Group LLC
L Brands, Inc. (NYSE:LB) has been given a $30.00 price target by equities researchers at Jefferies Group LLC in a research report issued to clients and investors on Monday. The firm presently has a “sell” rating on the specialty retailer’s stock. Jefferies Group LLC’s price target would suggest a potential downside of 17.85% from the stock’s current price.
LB has been the topic of a number of other reports. FBR & Co restated an “outperform” rating and issued a $60.00 price target on shares of L Brands in a research note on Wednesday, May 31st. Oppenheimer Holdings, Inc. set a $62.00 price target on shares of L Brands and gave the company a “buy” rating in a research note on Thursday, May 4th. Buckingham Research reduced their price target on shares of L Brands from $62.00 to $52.00 and set a “buy” rating on the stock in a research note on Friday, August 4th. Vetr upgraded shares of L Brands from a “hold” rating to a “buy” rating and set a $53.07 price target on the stock in a research note on Thursday, May 4th. Finally, Cowen and Company restated a “buy” rating and issued a $56.00 price target on shares of L Brands in a research note on Tuesday, July 4th. Seven equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $48.66.
Shares of L Brands (NYSE:LB) opened at 36.52 on Monday. The stock’s 50 day moving average price is $42.41 and its 200-day moving average price is $49.04. L Brands has a 12-month low of $35.00 and a 12-month high of $77.54. The firm has a market capitalization of $10.48 billion, a P/E ratio of 10.72 and a beta of 0.62.
L Brands (NYSE:LB) last released its earnings results on Wednesday, August 16th. The specialty retailer reported $0.48 EPS for the quarter, beating the consensus estimate of $0.45 by $0.03. L Brands had a net margin of 8.04% and a negative return on equity of 103.04%. The firm had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.75 billion. During the same period last year, the firm earned $0.70 EPS. The business’s quarterly revenue was down 4.7% compared to the same quarter last year. On average, equities analysts expect that L Brands will post $3.14 EPS for the current year.
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A number of hedge funds have recently made changes to their positions in LB. First Personal Financial Services raised its stake in shares of L Brands by 127.7% in the second quarter. First Personal Financial Services now owns 1,954 shares of the specialty retailer’s stock worth $105,000 after buying an additional 1,096 shares during the period. FNY Partners Fund LP acquired a new stake in shares of L Brands during the first quarter worth approximately $129,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new stake in shares of L Brands during the first quarter worth approximately $142,000. IFP Advisors Inc raised its stake in shares of L Brands by 20.2% in the first quarter. IFP Advisors Inc now owns 3,152 shares of the specialty retailer’s stock worth $148,000 after buying an additional 529 shares during the period. Finally, Investors Asset Management of Georgia Inc. GA ADV raised its stake in shares of L Brands by 11.2% in the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 3,719 shares of the specialty retailer’s stock worth $200,000 after buying an additional 375 shares during the period. Institutional investors and hedge funds own 78.71% 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.
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