L Brands (NYSE:LB) had its price target increased by research analysts at Nomura from $30.00 to $32.00 in a research note issued to investors on Friday, Stock Target Advisor reports. The firm presently has a “neutral” rating on the specialty retailer’s stock. Nomura’s target price indicates a potential upside of 1.98% from the stock’s current price.

LB has been the topic of a number of other research reports. Morgan Stanley reissued an “equal weight” rating and issued a $32.00 target price (down previously from $56.00) on shares of L Brands in a research report on Friday, August 24th. Zacks Investment Research lowered L Brands from a “hold” rating to a “sell” rating in a research report on Tuesday, August 7th. B. Riley cut their price objective on L Brands from $49.00 to $44.00 and set a “buy” rating on the stock in a research report on Thursday, August 23rd. Telsey Advisory Group cut their price objective on L Brands from $36.00 to $31.00 and set a “market perform” rating on the stock in a research report on Friday, August 24th. Finally, Guggenheim reaffirmed a “hold” rating on shares of L Brands in a research report on Thursday, July 12th. Five research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and nine have given a buy rating to the company. L Brands presently has an average rating of “Hold” and an average price target of $37.76.

Shares of NYSE LB opened at $31.38 on Friday. The company has a market capitalization of $8.33 billion, a price-to-earnings ratio of 9.81, a PEG ratio of 1.05 and a beta of 0.51. The company has a debt-to-equity ratio of -5.09, a quick ratio of 0.75 and a current ratio of 1.46. L Brands has a 52-week low of $25.89 and a 52-week high of $63.10.

L Brands (NYSE:LB) last announced its earnings results on Wednesday, August 22nd. The specialty retailer reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.02. The company had revenue of $2.98 billion for the quarter, compared to analyst estimates of $2.92 billion. L Brands had a negative return on equity of 84.14% and a net margin of 6.87%. The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.48 earnings per share. Analysts predict that L Brands will post 2.51 earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of the stock. Bank of Montreal Can increased its holdings in L Brands by 42.5% in the third quarter. Bank of Montreal Can now owns 152,047 shares of the specialty retailer’s stock valued at $4,607,000 after buying an additional 45,378 shares during the last quarter. Gyroscope Capital Management Group LLC increased its holdings in L Brands by 11.9% in the third quarter. Gyroscope Capital Management Group LLC now owns 229,209 shares of the specialty retailer’s stock valued at $6,523,000 after buying an additional 24,300 shares during the last quarter. Boltwood Capital Management increased its holdings in L Brands by 10.9% in the third quarter. Boltwood Capital Management now owns 22,750 shares of the specialty retailer’s stock valued at $689,000 after buying an additional 2,235 shares during the last quarter. Midas Management Corp increased its holdings in L Brands by 17.6% in the third quarter. Midas Management Corp now owns 40,000 shares of the specialty retailer’s stock valued at $1,212,000 after buying an additional 6,000 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its holdings in L Brands by 17.0% in the third quarter. State of Alaska Department of Revenue now owns 51,659 shares of the specialty retailer’s stock valued at $1,563,000 after buying an additional 7,508 shares during the last quarter. 73.42% of the stock is currently owned by hedge funds and other institutional investors.

L Brands Company Profile

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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Analyst Recommendations for L Brands (NYSE:LB)

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