L Brands (NYSE:LB)‘s stock had its “hold” rating restated by investment analysts at Scotiabank in a report issued on Wednesday. They currently have a $59.00 target price on the specialty retailer’s stock. Scotiabank’s target price suggests a potential upside of 16.39% from the stock’s current price.
Other equities research analysts have also issued reports about the stock. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $64.00 price objective (up from $60.00) on shares of L Brands in a research note on Tuesday, November 28th. Robert W. Baird set a $60.00 price objective on shares of L Brands and gave the company a “hold” rating in a research note on Thursday, December 28th. Barclays assumed coverage on shares of L Brands in a research note on Tuesday, September 19th. They issued an “equal weight” rating and a $41.00 price objective on the stock. MKM Partners set a $56.00 price objective on shares of L Brands and gave the company a “hold” rating in a research note on Friday, January 5th. Finally, Jefferies Group set a $30.00 price objective on shares of L Brands and gave the company a “sell” rating in a research note on Sunday, October 29th. Six analysts have rated the stock with a sell rating, twenty have assigned a hold rating and twelve have issued a buy rating to the stock. L Brands has an average rating of “Hold” and a consensus price target of $51.63.
L Brands (NYSE LB) traded up $1.67 on Wednesday, reaching $50.69. 3,391,276 shares of the company’s stock were exchanged, compared to its average volume of 4,228,910. L Brands has a 52-week low of $35.00 and a 52-week high of $63.10. 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 company has a market cap of $13,836.64, a price-to-earnings ratio of 15.41, a price-to-earnings-growth ratio of 1.37 and a beta of 0.80.
L Brands (NYSE:LB) last posted its quarterly earnings data on Wednesday, November 15th. The specialty retailer reported $0.30 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.30. L Brands had a net margin of 7.73% and a negative return on equity of 101.19%. The company had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.57 billion. During the same period in the prior year, the firm posted $0.42 EPS. The company’s quarterly revenue was up 1.4% on a year-over-year basis. research analysts expect that L Brands will post 3.12 EPS for the current fiscal year.
In related news, Director David T. Kollat bought 9,910 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The shares were bought at an average price of $50.34 per share, for a total transaction of $498,869.40. Following the transaction, the director now directly owns 158,878 shares of the company’s stock, valued at $7,997,918.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 16.68% of the stock is owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Fosun International Ltd raised its holdings in L Brands by 205.4% during the third quarter. Fosun International Ltd now owns 532,022 shares of the specialty retailer’s stock worth $22,137,000 after buying an additional 357,797 shares during the last quarter. Alyeska Investment Group L.P. raised its holdings in L Brands by 4.0% during the third quarter. Alyeska Investment Group L.P. now owns 855,019 shares of the specialty retailer’s stock worth $35,577,000 after buying an additional 33,005 shares during the last quarter. Oppenheimer & Co. Inc. raised its holdings in L Brands by 31.0% during the third quarter. Oppenheimer & Co. Inc. now owns 18,512 shares of the specialty retailer’s stock worth $770,000 after buying an additional 4,378 shares during the last quarter. California Public Employees Retirement System raised its holdings in L Brands by 7.0% during the third quarter. California Public Employees Retirement System now owns 585,641 shares of the specialty retailer’s stock worth $24,369,000 after buying an additional 38,141 shares during the last quarter. Finally, Private Capital Management Inc. raised its holdings in L Brands by 26.4% during the third quarter. Private Capital Management Inc. now owns 12,700 shares of the specialty retailer’s stock worth $528,000 after buying an additional 2,650 shares during the last quarter. Hedge funds and other institutional investors own 78.82% of the company’s stock.
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About L Brands
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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