Royal Bank Of Canada reiterated their hold rating on shares of L Brands, Inc. (NYSE:LB) in a research report released on Monday, July 24th. They currently have a $55.00 price objective on the specialty retailer’s stock.
Other analysts also recently issued reports about the stock. Cowen and Company reaffirmed a buy rating and set a $56.00 price objective on shares of L Brands in a report on Thursday, April 6th. Oppenheimer Holdings, Inc. set a $62.00 price objective on shares of L Brands and gave the stock a buy rating in a report on Saturday, April 8th. Vetr downgraded shares of L Brands from a strong-buy rating to a buy rating and set a $55.51 price objective for the company. in a report on Monday, April 24th. Buckingham Research reaffirmed a buy rating on shares of L Brands in a report on Wednesday, April 26th. Finally, Deutsche Bank AG dropped their price objective on shares of L Brands from $62.00 to $61.00 and set a buy rating for the company in a report on Friday, May 5th. 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 stock. The stock presently has a consensus rating of Hold and a consensus target price of $51.29.
L Brands (NYSE LB) opened at 36.20 on Monday. The firm’s 50-day moving average is $44.42 and its 200 day moving average is $49.87. The firm has a market capitalization of $10.32 billion, a P/E ratio of 10.63 and a beta of 0.62. L Brands has a 12 month low of $35.00 and a 12 month high of $79.67. L Brands also was the recipient of some unusual options trading activity on Wednesday. Investors bought 18,485 call options on the stock. 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 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $2.75 billion. During the same period in the previous year, the firm posted $0.70 EPS. The firm’s revenue was down 4.7% compared to the same quarter last year. On average, analysts expect that L Brands will post $3.17 EPS for the current fiscal year.
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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 18th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 6.63%. The ex-dividend date of this dividend is Wednesday, August 16th. L Brands’s payout ratio is currently 70.38%.
A number of large investors have recently bought and sold shares of LB. First Personal Financial Services raised its stake 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 valued at $105,000 after buying an additional 1,096 shares during the last quarter. FNY Partners Fund LP acquired a new stake in L Brands during the first quarter valued at approximately $129,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new stake in L Brands during the first quarter valued at approximately $142,000. IFP Advisors Inc raised its stake in 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, Investors Asset Management of Georgia Inc. GA ADV raised its stake in 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 valued at $200,000 after buying an additional 375 shares during 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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