B. Riley set a $44.00 price target on L Brands (NYSE:LB) in a research report report published on Friday. The firm currently has a buy rating on the specialty retailer’s stock.
A number of other research firms have also recently weighed in on LB. Citigroup raised their price target on shares of L Brands from $37.00 to $42.00 and gave the company a buy rating in a report on Monday, November 12th. Zacks Investment Research reaffirmed a buy rating and issued a $35.00 price objective on shares of L Brands in a research report on Tuesday, November 13th. Barclays set a $33.00 price objective on shares of L Brands and gave the company a hold rating in a research report on Tuesday, November 13th. ValuEngine raised shares of L Brands from a strong sell rating to a sell rating in a research report on Thursday, November 8th. Finally, KeyCorp raised shares of L Brands from an underweight rating to a sector weight rating in a research report on Thursday, November 8th. Three investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eleven have assigned a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $37.99.
Shares of L Brands stock opened at $26.46 on Friday. L Brands has a 1 year low of $23.71 and a 1 year high of $53.39. The stock has a market cap of $7.77 billion, a price-to-earnings ratio of 8.27, a price-to-earnings-growth ratio of 0.96 and a beta of 0.65.
L Brands (NYSE:LB) last issued its earnings results on Monday, November 19th. The specialty retailer reported $0.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.01. L Brands had a net margin of 5.81% and a negative return on equity of 76.28%. The company had revenue of $2.77 billion for the quarter, compared to analysts’ expectations of $2.70 billion. During the same period in the prior year, the business earned $0.30 EPS. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. On average, equities analysts anticipate that L Brands will post 2.68 earnings per share for the current year.
In other L Brands news, Director Raymond Zimmerman sold 6,385 shares of L Brands stock in a transaction on Wednesday, November 21st. The shares were sold at an average price of $28.33, for a total transaction of $180,887.05. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 17.32% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of LB. Salem Investment Counselors Inc. purchased a new position in shares of L Brands during the 3rd quarter worth $130,000. Federated Investors Inc. PA purchased a new position in shares of L Brands during the 3rd quarter worth $132,000. USAdvisors Wealth Management LLC purchased a new position in shares of L Brands during the 3rd quarter worth $208,000. MML Investors Services LLC purchased a new position in shares of L Brands during the 3rd quarter worth $217,000. Finally, Capital Investment Advisory Services LLC purchased a new position in shares of L Brands during the 3rd quarter worth $235,000. Institutional investors and hedge funds own 71.78% of the company’s stock.
About L Brands
L Brands, Inc operates as a specialty retailer of women's intimate and other apparel, beauty and personal care products, home fragrance products, and accessories. The company operates in three segments: Victoria's Secret, Bath & Body Works, and Victoria's Secret and Bath & Body Works International.
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