Investors sold shares of L Brands Inc (NYSE:LB) on strength during trading hours on Wednesday. $45.90 million flowed into the stock on the tick-up and $60.66 million flowed out of the stock on the tick-down, for a money net flow of $14.76 million out of the stock. Of all companies tracked, L Brands had the 32nd highest net out-flow for the day. L Brands traded up $1.15 for the day and closed at $49.33
Several research firms have recently commented on LB. Robert W. Baird reiterated a “hold” rating and issued a $60.00 price target on shares of L Brands in a research report on Friday, December 22nd. BMO Capital Markets set a $56.00 price target on shares of L Brands and gave the company a “hold” rating in a research report on Tuesday, December 19th. Telsey Advisory Group increased their price target on shares of L Brands from $64.00 to $70.00 and gave the company an “outperform” rating in a research report on Tuesday, January 2nd. Morgan Stanley reiterated an “overweight” rating and issued a $70.00 price target on shares of L Brands in a research report on Thursday, December 14th. Finally, CIBC reiterated a “hold” rating and issued a $60.00 price target on shares of L Brands in a research report on Friday, December 8th. Six research analysts have rated the stock with a sell rating, eighteen have given a hold rating and twelve have given a buy rating to the stock. L Brands currently has a consensus rating of “Hold” and an average price target of $52.41.
The company has a quick ratio of 0.60, a current ratio of 1.45 and a debt-to-equity ratio of -5.10. The stock has a market capitalization of $14,100.00, a P/E ratio of 15.04, a price-to-earnings-growth ratio of 1.25 and a beta of 0.61.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Friday, February 23rd will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 4.87%. The ex-dividend date of this dividend is Thursday, February 22nd. L Brands’s dividend payout ratio is currently 73.17%.
Large investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC raised its stake in L Brands by 182.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,110 shares of the specialty retailer’s stock worth $128,000 after purchasing an additional 1,364 shares during the period. Gradient Investments LLC purchased a new position in shares of L Brands in the 4th quarter valued at $153,000. Belpointe Asset Management LLC purchased a new position in shares of L Brands in the 4th quarter valued at $202,000. Check Capital Management Inc. CA purchased a new position in shares of L Brands in the 4th quarter valued at $205,000. Finally, St. Louis Trust Co purchased a new position in shares of L Brands in the 4th quarter valued at $211,000. 80.36% of the stock is currently owned by institutional investors.
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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.
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