L Brands, Inc. (NYSE:LB) had its price target lifted by Buckingham Research from $40.00 to $50.00 in a report published on Friday. Buckingham Research currently has a neutral rating on the specialty retailer’s stock.

Several other equities research analysts also recently issued reports on LB. BMO Capital Markets set a $44.00 price target on L Brands and gave the company a hold rating in a research report on Tuesday, August 8th. Jefferies Group LLC set a $32.00 price target on L Brands and gave the company a sell rating in a research report on Thursday, August 17th. Instinet decreased their target price on L Brands from $43.00 to $38.00 and set a neutral rating on the stock in a research report on Thursday, August 17th. B. Riley set a $58.00 target price on L Brands and gave the stock a buy rating in a research report on Thursday. Finally, Nomura set a $38.00 target price on L Brands and gave the stock a hold rating in a research report on Thursday, August 17th. Six research analysts have rated the stock with a sell rating, nineteen have given a hold rating and eleven have assigned a buy rating to the stock. L Brands currently has an average rating of Hold and an average price target of $48.11.

Shares of L Brands (NYSE LB) opened at $50.48 on Friday. The stock has a market capitalization of $14,328.57, a PE ratio of 16.08, a PEG ratio of 1.40 and a beta of 0.67. L Brands has a 1 year low of $35.00 and a 1 year high of $75.50. The company has a debt-to-equity ratio of -6.25, a current ratio of 1.68 and a quick ratio of 1.05.

L Brands (NYSE:LB) last issued its quarterly earnings results on Wednesday, November 15th. The specialty retailer reported $0.30 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.30. The company had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.57 billion. L Brands had a negative return on equity of 110.21% and a net margin of 7.73%. The firm’s revenue was up 1.4% compared to the same quarter last year. During the same period last year, the business posted $0.42 earnings per share. sell-side analysts predict that L Brands will post 3.13 EPS for the current year.

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L Brands announced that its board has approved a share repurchase program on Monday, September 18th that allows the company to buyback $250.00 million in shares. This buyback authorization allows the specialty retailer to reacquire up to 2.2% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 24th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 4.75%. The ex-dividend date is Wednesday, November 22nd. L Brands’s dividend payout ratio is presently 72.95%.

In other L Brands news, Director Allan R. Tessler bought 20,000 shares of the stock in a transaction on Thursday, September 21st. The stock was purchased at an average price of $37.00 per share, with a total value of $740,000.00. Following the acquisition, the director now owns 43,342 shares of the company’s stock, valued at $1,603,654. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 16.68% of the stock is currently owned by insiders.

Several hedge funds have recently made changes to their positions in LB. First Personal Financial Services grew its holdings in shares of L Brands by 127.7% in the 2nd quarter. First Personal Financial Services now owns 1,954 shares of the specialty retailer’s stock valued at $105,000 after buying an additional 1,096 shares during the period. IFP Advisors Inc grew its holdings in shares of L Brands by 52.1% in the 3rd quarter. IFP Advisors Inc now owns 4,725 shares of the specialty retailer’s stock valued at $197,000 after buying an additional 1,618 shares during the period. Investors Asset Management of Georgia Inc. GA ADV grew its holdings in shares of L Brands by 11.2% in the 2nd quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 3,719 shares of the specialty retailer’s stock valued at $200,000 after buying an additional 375 shares during the period. Chesapeake Asset Management LLC acquired a new position in shares of L Brands in the 3rd quarter valued at $205,000. Finally, Allianz Asset Management GmbH acquired a new position in shares of L Brands in the 3rd quarter valued at $206,000. 76.63% of the stock is owned by institutional investors.

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)

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