Research Analysts’ Weekly Ratings Updates for L Brands (LB)

L Brands (NYSE: LB) has recently received a number of price target changes and ratings updates:

  • 8/9/2017 – L Brands had its “underperform” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $32.00 price target on the stock.
  • 8/8/2017 – L Brands was given a new $44.00 price target on by analysts at BMO Capital Markets. They now have a “hold” rating on the stock.
  • 8/4/2017 – L Brands had its price target lowered by analysts at UBS Group AG from $52.00 to $44.00. They now have a “neutral” rating on the stock.
  • 8/4/2017 – L Brands had its price target lowered by analysts at Buckingham Research from $62.00 to $52.00. They now have a “buy” rating on the stock.
  • 8/1/2017 – L Brands had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $60.00 price target on the stock.
  • 7/28/2017 – L Brands was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/27/2017 – L Brands had its “outperform” rating reaffirmed by analysts at FBR & Co. They now have a $60.00 price target on the stock.
  • 7/24/2017 – L Brands had its “hold” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $55.00 price target on the stock.
  • 7/19/2017 – L Brands was given a new $47.00 price target on by analysts at Credit Suisse Group. They now have a “hold” rating on the stock.
  • 7/19/2017 – L Brands was given a new $32.00 price target on by analysts at Jefferies Group LLC. They now have a “sell” rating on the stock.
  • 7/10/2017 – L Brands was given a new $35.00 price target on by analysts at Jefferies Group LLC. They now have a “sell” rating on the stock.
  • 7/9/2017 – L Brands had its “neutral” rating reaffirmed by analysts at Instinet. They now have a $48.00 price target on the stock, down previously from $49.00.
  • 7/7/2017 – L Brands had its price target lowered by analysts at Wolfe Research from $52.00 to $48.00. They now have a “peer perform” rating on the stock.
  • 7/6/2017 – L Brands was given a new $52.00 price target on by analysts at BMO Capital Markets. They now have a “hold” rating on the stock.
  • 7/4/2017 – L Brands had its “buy” rating reaffirmed by analysts at Cowen and Company. They now have a $56.00 price target on the stock.
  • 7/4/2017 – L Brands was given a new $60.00 price target on by analysts at FBR & Co. They now have a “buy” rating on the stock.
  • 7/4/2017 – L Brands was given a new $35.00 price target on by analysts at Jefferies Group LLC. They now have a “sell” rating on the stock.
  • 6/27/2017 – L Brands was given a new $60.00 price target on by analysts at FBR & Co. They now have a “buy” rating on the stock.
  • 6/26/2017 – L Brands was downgraded by analysts at Vetr from a “sell” rating to a “strong sell” rating. They now have a $46.34 price target on the stock.
  • 6/20/2017 – L Brands had its “buy” rating reaffirmed by analysts at Oppenheimer Holdings, Inc..
  • 6/19/2017 – L Brands was upgraded by analysts at Vetr from a “strong sell” rating to a “sell” rating. They now have a $46.34 price target on the stock.
  • 6/19/2017 – L Brands had its “hold” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $55.00 price target on the stock.
  • 6/12/2017 – L Brands was downgraded by analysts at Vetr from a “sell” rating to a “strong sell” rating. They now have a $46.89 price target on the stock.

L Brands, Inc. (LB) opened at 41.24 on Friday. L Brands, Inc. has a 1-year low of $41.22 and a 1-year high of $79.67. The firm has a 50 day moving average of $46.97 and a 200 day moving average of $50.79. The firm has a market cap of $11.83 billion, a P/E ratio of 10.86 and a beta of 0.62.

L Brands (NYSE:LB) last released its quarterly earnings results on Wednesday, May 17th. The specialty retailer reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.04. L Brands had a net margin of 8.87% and a negative return on equity of 104.19%. The firm had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.46 billion. During the same quarter in the previous year, the firm posted $0.59 EPS. The firm’s quarterly revenue was down 6.8% on a year-over-year basis. On average, equities research analysts expect that L Brands, Inc. will post $3.24 EPS for the current year.

The company also recently declared 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 5.82%. The ex-dividend date is Wednesday, August 16th. L Brands’s dividend payout ratio (DPR) is 63.16%.

In related news, CEO Nicholas Coe sold 39,839 shares of L Brands stock in a transaction on Friday, May 19th. The shares were sold at an average price of $48.88, for a total transaction of $1,947,330.32. Following 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 is accessible through this link. Insiders own 16.45% of the company’s stock.

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.

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