L Brands, Inc. (NYSE:LB) Stock Rating Reaffirmed by Royal Bank Of Canada

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.

ILLEGAL ACTIVITY WARNING: “L Brands, Inc. (NYSE:LB) Stock Rating Reaffirmed by Royal Bank Of Canada” was first reported by BNB Daily and is owned by of BNB Daily. If you are reading this report on another publication, it was stolen and reposted in violation of US and international copyright & trademark laws. The original version of this report can be viewed at https://www.baseball-news-blog.com/2017/08/19/l-brands-inc-nyselb-stock-rating-reaffirmed-by-royal-bank-of-canada-updated-updated-updated.html.

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.

Analyst Recommendations for L Brands (NYSE:LB)

Receive News & Ratings for L Brands Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for L Brands Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply