Northcoast Research upgraded shares of L Brands (NYSE:LB) from a neutral rating to a buy rating in a report published on Wednesday morning, Marketbeat.com reports.

Several other research analysts also recently commented on the stock. BMO Capital Markets set a $56.00 price target on shares of L Brands and gave the company a hold rating in a report on Tuesday, December 19th. Morgan Stanley restated an overweight rating and set a $70.00 price objective on shares of L Brands in a research report on Thursday, December 14th. Royal Bank of Canada upgraded shares of L Brands from a sector perform rating to an outperform rating and raised their price objective for the company from $40.00 to $58.00 in a research report on Friday, November 17th. B. Riley set a $58.00 price objective on shares of L Brands and gave the company a buy rating in a research report on Thursday, November 16th. Finally, Robert W. Baird set a $60.00 price objective on shares of L Brands and gave the company a hold rating in a research report on Thursday, December 28th. Six research analysts have rated the stock with a sell rating, twenty have issued a hold rating and thirteen have assigned a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $51.86.

L Brands (NYSE LB) opened at $49.11 on Wednesday. The company has a quick ratio of 0.60, a current ratio of 1.45 and a debt-to-equity ratio of -5.10. L Brands has a fifty-two week low of $35.00 and a fifty-two week high of $63.10. The company has a market cap of $13,322.92, a price-to-earnings ratio of 14.93, a price-to-earnings-growth ratio of 1.23 and a beta of 0.61.

L Brands (NYSE:LB) last announced its quarterly earnings results on Wednesday, November 15th. The specialty retailer reported $0.30 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.30. L Brands had a net margin of 7.73% and a negative return on equity of 101.19%. The firm had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same period last year, the firm earned $0.42 EPS. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. equities research analysts anticipate that L Brands will post 3.11 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 23rd will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 4.89%. L Brands’s dividend payout ratio is presently 72.95%.

In other news, Director David T. Kollat bought 9,910 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were purchased at an average price of $50.34 per share, for a total transaction of $498,869.40. Following the completion of the purchase, the director now owns 158,878 shares in the company, valued at approximately $7,997,918.52. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 16.68% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Fosun International Ltd lifted its stake in shares of L Brands by 205.4% in 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 in the last quarter. Alyeska Investment Group L.P. raised its holdings in shares of 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 valued at $35,577,000 after purchasing an additional 33,005 shares during the last quarter. Oppenheimer & Co. Inc. raised its holdings in shares of L Brands by 31.0% during the third quarter. Oppenheimer & Co. Inc. now owns 18,512 shares of the specialty retailer’s stock valued at $770,000 after purchasing an additional 4,378 shares during the last quarter. California Public Employees Retirement System raised its holdings in shares of 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 valued at $24,369,000 after purchasing an additional 38,141 shares during the last quarter. Finally, Private Capital Management Inc. raised its holdings in shares of L Brands by 26.4% during the third quarter. Private Capital Management Inc. now owns 12,700 shares of the specialty retailer’s stock valued at $528,000 after purchasing an additional 2,650 shares during the last quarter. Hedge funds and other institutional investors own 77.98% of the company’s stock.

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L Brands Company Profile

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.

Analyst Recommendations for L Brands (NYSE:LB)

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