L Brands, Inc. (NYSE:LB) had its price objective reduced by investment analysts at UBS AG from $52.00 to $44.00 in a report issued on Friday, August 4th, 99wallstreet.com reports. The brokerage currently has a “neutral” rating on the specialty retailer’s stock. UBS AG’s target price would indicate a potential upside of 21.55% from the company’s current price.
LB has been the subject of a number of other reports. FBR & Co reissued an “outperform” rating and issued a $60.00 price target on shares of L Brands in a research report on Wednesday, May 31st. Buckingham Research reissued a “buy” rating on shares of L Brands in a research report 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 report on Thursday, May 4th. Instinet restated a “neutral” rating and issued a $48.00 price objective (down previously from $52.00) on shares of L Brands in a report on Sunday, April 9th. Finally, Vetr upgraded L Brands from a “hold” rating to a “buy” rating and set a $53.07 price objective on the stock in a report on Thursday, May 4th. Six research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $51.29.
Shares of L Brands (NYSE:LB) traded down 3.60% during midday trading on Friday, hitting $36.20. 7,047,985 shares of the stock were exchanged. The stock’s 50-day moving average price is $44.42 and its 200 day moving average price is $49.87. L Brands has a one year low of $35.00 and a one year high of $79.67. The stock has a market cap of $10.32 billion, a P/E ratio of 10.63 and a beta of 0.62. L Brands also saw some unusual options trading activity on Wednesday. Traders bought 18,485 call options on the company. This is an increase of 663% compared to the average daily volume of 2,424 call options.
L Brands (NYSE:LB) last posted its quarterly earnings data on Wednesday, August 16th. The specialty retailer reported $0.48 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.75 billion. During the same period in the prior year, the firm earned $0.70 earnings per share. The business’s quarterly revenue was down 4.7% on a year-over-year basis. On average, analysts anticipate that L Brands will post $3.17 earnings per share for the current year.
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Several institutional investors have recently added to or reduced their stakes in the stock. Teachers Advisors LLC boosted its position in L Brands by 6.5% in the fourth quarter. Teachers Advisors LLC now owns 298,408 shares of the specialty retailer’s stock valued at $19,647,000 after buying an additional 18,142 shares during the period. Lincoln National Corp boosted its position in L Brands by 51.5% in the first quarter. Lincoln National Corp now owns 35,412 shares of the specialty retailer’s stock valued at $1,668,000 after buying an additional 12,045 shares during the period. Old Mutual Global Investors UK Ltd. boosted its stake in L Brands by 344.0% in the first quarter. Old Mutual Global Investors UK Ltd. now owns 23,975 shares of the specialty retailer’s stock valued at $1,129,000 after buying an additional 18,575 shares during the last quarter. Hennessy Advisors Inc. purchased a new stake in L Brands during the first quarter valued at approximately $1,681,000. Finally, Coronation Fund Managers Ltd. boosted its stake in L Brands by 18.1% in the second quarter. Coronation Fund Managers Ltd. now owns 965,759 shares of the specialty retailer’s stock valued at $52,045,000 after buying an additional 148,076 shares during 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.
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