Several other analysts have also recently issued reports on LB. Nomura restated a hold rating on shares of L Brands in a research report on Saturday, July 9th. Credit Suisse Group AG reiterated a hold rating on shares of L Brands in a report on Saturday, June 4th. Robert W. Baird set a $80.00 price target on shares of L Brands and gave the company a neutral rating in a report on Friday, September 2nd. Deutsche Bank AG reiterated a buy rating on shares of L Brands in a report on Sunday, July 10th. Finally, Stifel Nicolaus reiterated a buy rating and set a $90.00 price target 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 given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. L Brands has a consensus rating of Hold and an average price target of $77.52.
L Brands (NYSE:LB) traded up 0.72% during trading on Monday, hitting $73.86. 172,535 shares of the stock traded hands. The firm has a 50-day moving average price of $74.32 and a 200 day moving average price of $74.15. The firm has a market cap of $21.12 billion, a PE ratio of 18.00 and a beta of 0.80. L Brands has a 12 month low of $60.00 and a 12 month high of $101.11.
L Brands (NYSE:LB) last announced its earnings results on Wednesday, August 17th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.11. The firm had revenue of $2.89 billion for the quarter. L Brands had a net margin of 9.73% and a negative return on equity of 150.59%. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.68 earnings per share. On average, equities analysts forecast that L Brands will post $3.83 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 2nd. Investors of record on Friday, August 19th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Wednesday, August 17th. This represents a $2.40 annualized dividend and a yield of 3.27%. L Brands’s dividend payout ratio is presently 58.68%.
In other news, CEO Nicholas Coe sold 4,951 shares of L Brands stock in a transaction dated Monday, July 11th. The shares were sold at an average price of $67.53, for a total value of $334,341.03. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Charles Mcguigan sold 23,687 shares of L Brands stock in a transaction dated Tuesday, August 30th. The shares were sold at an average price of $76.37, for a total transaction of $1,808,976.19. The disclosure for this sale can be found here. Corporate insiders own 16.45% of the company’s stock.
Several hedge funds have recently made changes to their positions in the stock. Financial Architects Inc raised its stake in shares of L Brands by 56.4% in the second quarter. Financial Architects Inc now owns 1,749 shares of the company’s stock valued at $117,000 after buying an additional 631 shares during the period. Tower Research Capital LLC TRC bought a new stake in shares of L Brands during the second quarter valued at about $123,000. Whittier Trust Co. of Nevada Inc. raised its stake in shares of 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 valued at $125,000 after buying an additional 572 shares during the period. Global X Management Co. LLC raised its stake in shares of L Brands by 98.0% in the second quarter. Global X Management Co. LLC now owns 2,053 shares of the company’s stock valued at $138,000 after buying an additional 1,016 shares during the period. Finally, Quadrant Capital Group LLC raised its stake in shares of L Brands by 5.9% in the second quarter. Quadrant Capital Group LLC now owns 2,226 shares of the company’s stock valued at $145,000 after buying an additional 124 shares during the period. Institutional investors and hedge funds own 75.60% 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 and beauty categories. The Company operates through three segments: Victoria’s Secret, Bath & Body Works, and Victoria’s Secret and Bath & Body Works International. Victoria’s Secret segment includes PINK, which is the specialty retailer of women’s intimate and other apparel with collections, fragrances, supermodels and runway shows.
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