L Brands (LB) Downgraded to Sell at ValuEngine

L Brands (NYSE:LB) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a report released on Saturday.

Several other analysts have also recently issued reports on LB. CIBC restated a “hold” rating and set a $60.00 price objective on shares of L Brands in a research note on Friday, December 8th. Morgan Stanley reaffirmed an “overweight” rating and set a $70.00 target price on shares of L Brands in a report on Thursday, December 14th. BMO Capital Markets set a $56.00 target price on L Brands and gave the company a “hold” rating in a report on Tuesday, December 19th. 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. Finally, Telsey Advisory Group upped their target price on L Brands from $64.00 to $70.00 and gave the company an “outperform” rating in a report on Tuesday, January 2nd. Seven investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $50.24.

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Shares of NYSE LB opened at $38.20 on Friday. L Brands has a 52-week low of $35.00 and a 52-week high of $63.10. The company has a market cap of $10,791.00, a price-to-earnings ratio of 11.94, a PEG ratio of 1.05 and a beta of 0.78. The company has a debt-to-equity ratio of -7.60, a quick ratio of 1.01 and a current ratio of 1.62.

L Brands (NYSE:LB) last announced its quarterly earnings data on Wednesday, February 28th. The specialty retailer reported $2.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.05 by $0.06. L Brands had a negative return on equity of 101.69% and a net margin of 7.78%. The firm had revenue of $4.82 billion for the quarter, compared to analysts’ expectations of $4.72 billion. During the same quarter in the prior year, the firm posted $2.03 earnings per share. L Brands’s revenue for the quarter was up 7.4% compared to the same quarter last year. equities research analysts predict that L Brands will post 3.17 EPS for the current fiscal year.

L Brands declared that its Board of Directors has initiated a share repurchase plan on Thursday, March 8th that permits the company to buyback $226.90 million in shares. This buyback authorization permits the specialty retailer to purchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its stock is undervalued.

In other L Brands news, CFO Stuart B. Burgdoerfer sold 17,000 shares of the stock in a transaction on Wednesday, March 21st. The stock was sold at an average price of $39.56, for a total transaction of $672,520.00. Following the completion of the transaction, the chief financial officer now directly owns 52,640 shares of the company’s stock, valued at approximately $2,082,438.40. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Stuart B. Burgdoerfer sold 33,000 shares of the stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $42.53, for a total value of $1,403,490.00. Following the transaction, the chief financial officer now directly owns 69,640 shares of the company’s stock, valued at $2,961,789.20. The disclosure for this sale can be found here. Company insiders own 16.68% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. HPM Partners LLC boosted its stake in L Brands by 16.0% during the 4th quarter. HPM Partners LLC now owns 8,274 shares of the specialty retailer’s stock valued at $498,000 after purchasing an additional 1,143 shares in the last quarter. Profund Advisors LLC lifted its position in shares of L Brands by 17.9% during the 4th quarter. Profund Advisors LLC now owns 8,261 shares of the specialty retailer’s stock valued at $497,000 after acquiring an additional 1,257 shares during the last quarter. Meadow Creek Investment Management LLC lifted its position in shares of L Brands by 14.6% during the 4th quarter. Meadow Creek Investment Management LLC now owns 9,912 shares of the specialty retailer’s stock valued at $597,000 after acquiring an additional 1,260 shares during the last quarter. Sigma Planning Corp lifted its position in shares of L Brands by 18.7% during the 4th quarter. Sigma Planning Corp now owns 8,589 shares of the specialty retailer’s stock valued at $517,000 after acquiring an additional 1,354 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in shares of 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 acquiring an additional 1,364 shares during the last quarter. 81.06% of the stock is owned by hedge funds and other institutional investors.

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L Brands Company Profile

L Brands, Inc operates as a specialty retailer of women's intimate and other apparel, beauty and personal care products, and accessories. The company operates in three segments: Victoria's Secret, Bath & Body Works, and Victoria's Secret and Bath & Body Works International. Its products include loungewear, bras, panties, swimwear, athletic attire, fragrances, shower gels and lotions, aromatherapy, soaps and sanitizers, home fragrances, handbags, jewelry, and personal care accessories.

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

Analyst Recommendations for L Brands (NYSE:LB)

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