L Brands Inc. (NYSE:LB)‘s stock had its “buy” rating reissued by equities researchers at Mizuho in a research note issued on Sunday. They presently have a $85.00 price objective on the stock. Mizuho’s target price would indicate a potential upside of 19.33% from the stock’s current price.
Several other research analysts also recently commented on the company. Cowen and Company restated an “outperform” rating and set a $83.00 price objective on shares of L Brands in a report on Saturday. Oppenheimer Holdings Inc. set a $90.00 price objective on L Brands and gave the stock a “buy” rating in a report on Thursday. Jefferies Group restated a “hold” rating on shares of L Brands in a report on Monday, September 12th. Wedbush restated a “neutral” rating and set a $65.00 price objective on shares of L Brands in a report on Sunday, September 4th. Finally, Stifel Nicolaus restated a “buy” rating and set a $90.00 price objective on shares of L Brands in a report on Saturday, September 3rd. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. L Brands currently has an average rating of “Hold” and an average target price of $77.95.
L Brands (NYSE:LB) traded up 0.10% during trading on Friday, reaching $71.23. 2,627,988 shares of the company’s stock traded hands. L Brands has a one year low of $60.00 and a one year high of $101.11. The firm has a market cap of $20.37 billion, a price-to-earnings ratio of 17.36 and a beta of 0.91. The company has a 50 day moving average of $73.51 and a 200 day moving average of $73.30.
L Brands (NYSE:LB) last issued its quarterly earnings results on Wednesday, August 17th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.11. L Brands had a negative return on equity of 150.59% and a net margin of 9.73%. The firm earned $2.89 billion during the quarter. During the same period in the prior year, the business posted $0.68 earnings per share. L Brands’s revenue was up 4.5% on a year-over-year basis. Equities research analysts predict that L Brands will post $3.83 EPS for the current year.
In other L Brands news, insider Martin P. Waters sold 45,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 23rd. The stock was sold at an average price of $77.49, for a total transaction of $3,525,795.00. Following the completion of the sale, the insider now directly owns 13,970 shares in the company, valued at approximately $1,082,535.30. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Nicholas Coe sold 4,951 shares of the business’s stock in a transaction that occurred on Monday, July 11th. The stock was sold at an average price of $67.53, for a total value of $334,341.03. The disclosure for this sale can be found here. Company insiders own 16.45% of the company’s stock.
Large investors have recently bought and sold shares of the company. Financial Architects Inc raised its stake in L Brands by 56.4% in the second quarter. Financial Architects Inc now owns 1,749 shares of the company’s stock worth $117,000 after buying an additional 631 shares during the period. Tower Research Capital LLC TRC bought a new stake in L Brands during the second quarter worth about $123,000. Whittier Trust Co. of Nevada Inc. raised its stake in L Brands by 44.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,872 shares of the company’s stock worth $125,000 after buying an additional 572 shares during the period. Global X Management Co. LLC raised its stake in L Brands by 98.0% in the second quarter. Global X Management Co. LLC now owns 2,053 shares of the company’s stock worth $138,000 after buying an additional 1,016 shares during the period. Finally, Quadrant Capital Group LLC raised its stake in L Brands by 5.9% in the second quarter. Quadrant Capital Group LLC now owns 2,226 shares of the company’s stock worth $145,000 after buying an additional 124 shares during the period. Institutional investors own 75.60% of the company’s stock.
About L Brands