L Brands, Inc. (LB) Upgraded to “Sell” at Vetr Inc.

Vetr upgraded shares of L Brands, Inc. (NYSE:LB) from a strong sell rating to a sell rating in a report published on Monday morning. They currently have $46.34 price objective on the specialty retailer’s stock.

A number of other equities research analysts have also issued reports on LB. FBR & Co set a $54.00 price target on L Brands and gave the stock a hold rating in a research note on Saturday, March 4th. Oppenheimer Holdings, Inc. set a $62.00 price target on L Brands and gave the stock a buy rating in a research note on Saturday, April 8th. Nomura reissued a hold rating and set a $48.00 price target on shares of L Brands in a research note on Tuesday, April 11th. Jefferies Group LLC set a $35.00 price target on L Brands and gave the stock a sell rating in a research note on Thursday, May 4th. Finally, Cowen and Company reissued a buy rating and set a $56.00 price target on shares of L Brands in a research note on Thursday, April 6th. Five research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and nine have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $58.05.

Analyst Recommendations for L Brands (NYSE:LB)

Shares of L Brands (NYSE LB) traded down 1.29% during trading on Monday, reaching $51.20. The company’s stock had a trading volume of 363,107 shares. The stock has a market cap of $14.69 billion, a price-to-earnings ratio of 13.48 and a beta of 0.62. The company has a 50 day moving average of $51.22 and a 200-day moving average of $55.70. L Brands has a 12-month low of $43.04 and a 12-month high of $79.67.

L Brands (NYSE:LB) last posted its quarterly earnings data on Wednesday, May 17th. The specialty retailer reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.04. The business had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.46 billion. L Brands had a negative return on equity of 104.19% and a net margin of 8.87%. The company’s revenue for the quarter was down 6.8% on a year-over-year basis. During the same period last year, the company earned $0.59 EPS. Analysts forecast that L Brands will post $3.23 EPS for the current year.

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The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 16th. Stockholders of record on Friday, June 2nd were given a $0.60 dividend. The ex-dividend date of this dividend was Wednesday, May 31st. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.63%. L Brands’s payout ratio is 63.16%.

In other news, CEO Nicholas Coe sold 39,839 shares of the firm’s stock in a transaction on Friday, May 19th. The stock was sold at an average price of $48.88, for a total value of $1,947,330.32. Following the completion of the sale, the chief executive officer now owns 75,658 shares of the company’s stock, valued at approximately $3,698,163.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 16.45% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the company. FNY Partners Fund LP acquired a new stake in L Brands during the first quarter worth $129,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new stake in L Brands during the first quarter worth $142,000. IFP Advisors Inc boosted 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 worth $148,000 after buying an additional 529 shares during the last quarter. Prospera Financial Services Inc boosted its stake in L Brands by 23.1% in the first quarter. Prospera Financial Services Inc now owns 4,632 shares of the specialty retailer’s stock worth $200,000 after buying an additional 868 shares during the last quarter. Finally, IFM Investors Pty Ltd acquired a new stake in L Brands during the fourth quarter worth $201,000. 77.25% of the stock is owned by hedge funds and other institutional investors.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “LB”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

To view Vetr’s full report, visit Vetr’s official website.

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