L Brands (NYSE:LB) was downgraded by analysts at Telsey Advisory Group from an “outperform” rating to a “market perform” rating in a research note issued on Thursday, The Fly reports.
A number of other research firms have also weighed in on LB. Nomura upped their target price on shares of L Brands from $35.00 to $38.00 and gave the stock a “neutral” rating in a report on Friday, November 3rd. Robert W. Baird reaffirmed a “hold” rating and set a $60.00 target price on shares of L Brands in a report on Friday, December 22nd. Wolfe Research upped their target price on shares of L Brands from $48.00 to $53.00 and gave the stock a “peer perform” rating in a report on Monday, February 12th. Piper Jaffray Companies set a $47.00 target price on shares of L Brands and gave the stock a “hold” rating in a report on Thursday, November 16th. Finally, Buckingham Research upped their target price on shares of L Brands from $40.00 to $50.00 and gave the stock a “neutral” rating in a report on Friday, November 17th. Six equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eleven have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $52.41.
Shares of L Brands (NYSE:LB) opened at $49.33 on Thursday. The company has a debt-to-equity ratio of -5.10, a quick ratio of 0.60 and a current ratio of 1.45. The firm has a market cap of $13,599.54, a P/E ratio of 14.99, a P/E/G ratio of 1.24 and a beta of 0.61. L Brands has a twelve month low of $35.00 and a twelve month high of $63.10.
Several hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC boosted its position in L Brands by 182.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,110 shares of the specialty retailer’s stock valued at $128,000 after buying an additional 1,364 shares during the period. Gradient Investments LLC purchased a new stake in L Brands during the 4th quarter valued at $153,000. Belpointe Asset Management LLC purchased a new stake in L Brands during the 4th quarter valued at $202,000. Check Capital Management Inc. CA purchased a new stake in L Brands during the 4th quarter valued at $205,000. Finally, St. Louis Trust Co purchased a new stake in L Brands during the 4th quarter valued at $211,000. 80.36% of the stock is currently owned by 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.
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