L Brands, Inc. (NYSE:LB)‘s stock had its “buy” rating reaffirmed by stock analysts at Deutsche Bank AG in a report released on Tuesday, August 1st. They currently have a $60.00 price objective on the specialty retailer’s stock. Deutsche Bank AG’s price target would suggest a potential upside of 65.75% from the stock’s previous close.
LB has been the subject of a number of other reports. Oppenheimer Holdings, Inc. set a $62.00 price objective on shares of L Brands and gave the stock a “buy” rating in a research report on Saturday, April 8th. BidaskClub cut shares of L Brands from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. BMO Capital Markets set a $52.00 price objective on shares of L Brands and gave the stock a “hold” rating in a research report on Thursday, July 6th. Piper Jaffray Companies restated a “hold” rating and set a $48.00 price objective on shares of L Brands in a research report on Friday, May 5th. Finally, FBR & Co set a $60.00 target price on shares of L Brands and gave the company a “buy” rating in a research report on Tuesday, June 27th. Six analysts have rated the stock with a sell rating, nineteen have issued a hold rating and nine have assigned a buy rating to the company’s stock. L Brands currently has an average rating of “Hold” and an average price target of $51.29.
L Brands (NYSE LB) traded down 3.60% during midday trading on Tuesday, hitting $36.20. 7,047,985 shares of the company were exchanged. The stock has a 50 day moving average of $44.42 and a 200-day moving average of $49.87. The stock has a market capitalization of $10.38 billion, a price-to-earnings ratio of 10.63 and a beta of 0.62. L Brands has a 1-year low of $35.00 and a 1-year high of $79.67. L Brands also was the recipient of some unusual options trading activity on Wednesday. Traders purchased 18,485 call options on the stock. This represents an increase of 663% compared to the average daily volume of 2,424 call options.
L Brands (NYSE:LB) last posted 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. 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 during the quarter, compared to analysts’ expectations of $2.75 billion. During the same period in the previous year, the business posted $0.70 EPS. The business’s revenue was down 4.7% compared to the same quarter last year. Equities analysts expect that L Brands will post $3.17 earnings per share for the current year.
A number of institutional investors have recently bought and sold shares of LB. First Personal Financial Services raised its position in 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 purchased a new position in L Brands during the first quarter worth $129,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new stake in shares of L Brands during the first quarter valued at 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 valued at $148,000 after buying an additional 529 shares during the last quarter. Finally, Prospera Financial Services Inc raised its stake in shares of L Brands by 23.1% in the first quarter. Prospera Financial Services Inc now owns 4,632 shares of the specialty retailer’s stock valued at $200,000 after buying an additional 868 shares during the last quarter. Hedge funds and other institutional investors own 75.20% of the company’s stock.
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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