Limited Brands Now Covered by Sterne Agee (LTD)
“[T]he company has a large international growth opportunity, and we see an ability to more than double international sales over the next 5 years and quadruple sales over the longer term (with even larger impacts on contribution margins). We also see a meaningful opportunity domestically to expand selling space in existing VS stores and increase penetration of non-core categories such as PINK, VSX and beauty. A 2.7% dividend yield (or 4.9% assuming another year with a $1/share special dividend) should help support downside risk.,” the firm’s analyst wrote.
Limited Brands traded down 0.44% on Monday, hitting $45.05. Limited Brands has a 52-week low of $40.32 and a 52-week high of $52.50. The stock’s 50-day moving average is currently $45.91. The company has a price-to-earnings ratio of 17.84.
The company also recently declared a quarterly dividend, which is scheduled for Friday, March 8th. Stockholders of record on Friday, February 22nd will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date of this dividend is Wednesday, February 20th. This is a boost from Limited Brands’s previous quarterly dividend of $0.25.
LTD has been the subject of a number of other recent research reports. Analysts at Jefferies Group cut their price target on shares of Limited Brands from $50.00 to $46.00 in a research note to investors on Friday, March 1st. They now have a hold rating on the stock. Separately, analysts at Citigroup cut their price target on shares of Limited Brands from $60.00 to $55.00 in a research note to investors on Friday, March 1st. They now have a buy rating on the stock. Finally, analysts at Canaccord Genuity cut their price target on shares of Limited Brands from $48.00 to $42.00 in a research note to investors on Thursday, February 28th. They now have a hold rating on the stock.
Eleven research analysts have rated the stock with a buy rating, four have given an overweight rating, twelve have assigned a hold rating, and one has assigned an underweight rating to the company’s stock. The stock currently has an average rating of overweight and a consensus price target of $51.18.
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