L Brands Inc. (NYSE:LB) has been given a $75.00 price objective by equities researchers at FBR & Co in a report released on Wednesday. The firm presently has a “hold” rating on the stock. FBR & Co’s target price suggests a potential upside of 4.44% from the stock’s previous close.
Several other analysts also recently weighed in on LB. Stifel Nicolaus reissued a “buy” rating and issued a $75.00 price target on shares of L Brands in a research note on Thursday, July 7th. MKM Partners restated a “neutral” rating and issued a $60.00 price objective on shares of L Brands in a research report on Friday, July 8th. Nomura restated a “neutral” rating and issued a $60.00 price objective (up previously from $58.00) on shares of L Brands in a research report on Sunday, July 10th. Vetr cut shares of L Brands from a “buy” rating to a “hold” rating and set a $71.12 price objective on the stock. in a research report on Monday, July 11th. Finally, Zacks Investment Research upgraded shares of L Brands from a “strong sell” rating to a “hold” rating in a research report on Monday, July 11th. Four analysts have rated the stock with a sell rating, sixteen have given a hold rating and eleven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $74.62.
Shares of L Brands (NYSE:LB) traded down 0.37% during trading on Wednesday, reaching $71.81. 1,497,120 shares of the company traded hands. The firm’s 50 day moving average is $70.26 and its 200-day moving average is $70.68. L Brands has a 12-month low of $60.00 and a 12-month high of $99.83. The stock has a market capitalization of $20.54 billion, a P/E ratio of 18.07 and a beta of 0.88.
L Brands (NYSE:LB) last posted its quarterly earnings results on Wednesday, November 16th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.02. The business earned $2.58 billion during the quarter, compared to the consensus estimate of $2.57 billion. L Brands had a net margin of 9.31% and a negative return on equity of 137.81%. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.55 earnings per share. On average, equities research analysts anticipate that L Brands will post $3.69 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 2nd. Shareholders of record on Friday, November 18th will be given a $0.60 dividend. The ex-dividend date is Wednesday, November 16th. This represents a $2.40 annualized dividend and a yield of 3.34%. L Brands’s payout ratio is presently 60.61%.
In other L Brands news, COO Charles Mcguigan sold 23,687 shares of the stock in a transaction that occurred on Tuesday, August 30th. The shares were sold at an average price of $76.37, for a total value of $1,808,976.19. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 16.45% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC acquired a new position in L Brands during the first quarter valued at $35,118,000. Wellington Management Group LLP increased its position in L Brands by 105.4% in the first quarter. Wellington Management Group LLP now owns 2,648,024 shares of the company’s stock valued at $232,522,000 after buying an additional 1,358,509 shares during the last quarter. Artemis Investment Management LLP acquired a new position in L Brands during the second quarter valued at $93,181,000. CAM Group Holding A S increased its position in L Brands by 2.5% in the second quarter. CAM Group Holding A S now owns 3,669,206 shares of the company’s stock valued at $246,314,000 after buying an additional 89,166 shares during the last quarter. Finally, Panagora Asset Management Inc. increased its position in L Brands by 7.8% in the first quarter. Panagora Asset Management Inc. now owns 386,655 shares of the company’s stock valued at $33,952,000 after buying an additional 27,996 shares during the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.
L Brands Company Profile