L Brands Inc. (NYSE:LB) was upgraded by analysts at Piper Jaffray Cos. from an “underweight” rating to a “neutral” rating in a report issued on Monday. The firm presently has a $67.00 price target on the stock. Piper Jaffray Cos.’s price target would suggest a potential downside of 6.88% from the company’s current price.

Several other research firms have also commented on LB. Jefferies Group reiterated a “hold” rating on shares of L Brands in a research report on Tuesday, August 23rd. Morgan Stanley restated a “buy” rating and issued a $80.00 target price on shares of L Brands in a report on Tuesday, August 23rd. Telsey Advisory Group upped their target price on shares of L Brands from $88.00 to $90.00 and gave the company an “outperform” rating in a report on Friday, August 19th. Oppenheimer Holdings Inc. upgraded shares of L Brands from a “market perform” rating to an “outperform” rating and upped their target price for the company from $75.00 to $90.00 in a report on Friday, August 19th. Finally, FBR & Co upped their target price on shares of L Brands from $68.00 to $75.00 and gave the company a “market perform” rating in a report on Friday, August 19th. Three analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eleven have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $75.28.

Analyst Recommendations for L Brands (NYSE:LB)

L Brands (NYSE:LB) opened at 71.95 on Monday. L Brands has a 1-year low of $60.00 and a 1-year high of $99.83. The stock has a market cap of $20.58 billion, a price-to-earnings ratio of 18.11 and a beta of 0.88. The stock has a 50 day moving average of $70.23 and a 200 day moving average of $70.78.

L Brands (NYSE:LB) last released its quarterly earnings data on Wednesday, November 16th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.40 by $0.02. L Brands had a net margin of 9.31% and a negative return on equity of 137.81%. The business had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.57 billion. During the same period in the previous year, the firm earned $0.55 EPS. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. Equities analysts expect that L Brands will post $3.69 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 2nd. Investors of record on Friday, November 18th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 3.34%. The ex-dividend date is Wednesday, November 16th. L Brands’s dividend payout ratio (DPR) is presently 60.61%.

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Institutional investors have recently made changes to their positions in the company. Royal Bank of Canada boosted its position in shares of L Brands by 20.6% in the first quarter. Royal Bank of Canada now owns 165,771 shares of the company’s stock valued at $14,557,000 after buying an additional 28,329 shares during the period. First Republic Investment Management Inc. boosted its position in shares of L Brands by 34.1% in the first quarter. First Republic Investment Management Inc. now owns 11,245 shares of the company’s stock valued at $988,000 after buying an additional 2,862 shares during the period. BlueMountain Capital Management LLC boosted its position in shares of L Brands by 38,550.0% in the first quarter. BlueMountain Capital Management LLC now owns 7,730 shares of the company’s stock valued at $679,000 after buying an additional 7,710 shares during the period. Boothbay Fund Management LLC boosted its position in shares of L Brands by 4.5% in the first quarter. Boothbay Fund Management LLC now owns 2,694 shares of the company’s stock valued at $237,000 after buying an additional 117 shares during the period. Finally, New England Research & Management Inc. boosted its position in shares of L Brands by 50.6% in the second quarter. New England Research & Management Inc. now owns 6,250 shares of the company’s stock valued at $420,000 after buying an additional 2,100 shares during the period. Hedge funds and other institutional investors own 73.59% of the company’s stock.

About L Brands

L Brands, Inc operates specialty retail business. The Company is focused on women’s intimate and other apparel, personal care and beauty categories. The Company operates through three segments: Victoria’s Secret, Bath & Body Works, and Victoria’s Secret and Bath & Body Works International. Victoria’s Secret segment includes PINK, which is the specialty retailer of women’s intimate and other apparel with collections, fragrances, supermodels and runway shows.

5 Day Chart for NYSE:LB

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