L Brands Inc (NYSE:LB) has earned an average recommendation of “Hold” from the twenty-six brokerages that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and six have given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $26.43.

LB has been the topic of several recent research reports. Loop Capital cut their price objective on shares of L Brands from $20.00 to $15.00 and set a “sell” rating on the stock in a research report on Thursday, August 22nd. Wells Fargo & Co set a $35.00 price objective on shares of L Brands and gave the company an “outperform” rating in a research report on Thursday, May 23rd. Wedbush reiterated a “neutral” rating on shares of L Brands in a research report on Monday, August 19th. Goldman Sachs Group set a $26.00 price objective on shares of L Brands and gave the company a “buy” rating in a research report on Friday, August 23rd. Finally, Bank of America set a $30.00 price objective on shares of L Brands and gave the company a “hold” rating in a research report on Thursday, May 23rd.

Shares of NYSE LB traded up $0.36 during midday trading on Thursday, hitting $19.01. The company’s stock had a trading volume of 7,211,832 shares, compared to its average volume of 4,988,868. L Brands has a 1-year low of $15.82 and a 1-year high of $38.00. The firm’s fifty day moving average price is $20.67 and its 200-day moving average price is $24.26. The firm has a market cap of $5.13 billion, a P/E ratio of 6.74, a P/E/G ratio of 0.64 and a beta of 0.76.

L Brands (NYSE:LB) last posted its quarterly earnings results on Wednesday, August 21st. The specialty retailer reported $0.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.05. The business had revenue of $2.90 billion during the quarter, compared to analyst estimates of $2.95 billion. L Brands had a net margin of 4.37% and a negative return on equity of 74.73%. The company’s quarterly revenue was down 2.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.36 EPS. On average, equities research analysts forecast that L Brands will post 2.42 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 23rd were given a dividend of $0.30 per share. The ex-dividend date was Thursday, August 22nd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.31%. L Brands’s dividend payout ratio (DPR) is 42.55%.

Several hedge funds have recently added to or reduced their stakes in the business. Empirical Finance LLC raised its position in shares of L Brands by 1.1% during the 2nd quarter. Empirical Finance LLC now owns 39,800 shares of the specialty retailer’s stock worth $1,039,000 after buying an additional 423 shares in the last quarter. State Treasurer State of Michigan grew its stake in shares of L Brands by 0.8% in the 1st quarter. State Treasurer State of Michigan now owns 65,844 shares of the specialty retailer’s stock worth $1,816,000 after purchasing an additional 500 shares during the last quarter. Van Hulzen Asset Management LLC grew its stake in shares of L Brands by 0.9% in the 2nd quarter. Van Hulzen Asset Management LLC now owns 56,949 shares of the specialty retailer’s stock worth $1,486,000 after purchasing an additional 505 shares during the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of L Brands by 2.3% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 24,259 shares of the specialty retailer’s stock worth $633,000 after purchasing an additional 542 shares during the last quarter. Finally, Wealthfront Advisers LLC grew its stake in shares of L Brands by 2.2% in the 1st quarter. Wealthfront Advisers LLC now owns 25,486 shares of the specialty retailer’s stock worth $703,000 after purchasing an additional 555 shares during the last quarter. Institutional investors own 70.07% of the company’s stock.

About L Brands

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.

Further Reading: How Do Mutual Funds Work?

Analyst Recommendations for L Brands (NYSE:LB)

Receive News & Ratings for L Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for L Brands and related companies with MarketBeat.com's FREE daily email newsletter.