Shares of L Brands Inc (NYSE:LB) dropped 5.1% during mid-day trading on Monday . The company traded as low as $18.14 and last traded at $18.16, approximately 11,366,064 shares traded hands during mid-day trading. An increase of 111% from the average daily volume of 5,389,849 shares. The stock had previously closed at $19.14.

LB has been the topic of a number of recent analyst reports. Credit Suisse Group downgraded L Brands from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from $22.00 to $14.00 in a research report on Friday, October 18th. Deutsche Bank downgraded L Brands from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $31.00 to $20.00 in a research report on Monday, November 11th. Royal Bank of Canada downgraded L Brands from an “outperform” rating to a “sector perform” rating and lowered their price objective for the stock from $30.00 to $22.00 in a research report on Friday, August 23rd. Jefferies Financial Group set a $14.00 price objective on L Brands and gave the stock a “sell” rating in a research report on Monday, September 23rd. Finally, Telsey Advisory Group lowered their price objective on L Brands from $22.00 to $19.00 and set a “market perform” rating on the stock in a research report on Friday, November 22nd. Five analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have assigned a buy rating to the company. L Brands has a consensus rating of “Hold” and a consensus target price of $23.00.

The stock has a 50-day simple moving average of $17.77 and a two-hundred day simple moving average of $20.95. The firm has a market cap of $5.29 billion, a PE ratio of 6.44, a P/E/G ratio of 0.70 and a beta of 0.79.

L Brands (NYSE:LB) last announced its quarterly earnings data on Wednesday, November 20th. The specialty retailer reported $0.02 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.02. The firm had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.69 billion. L Brands had a negative return on equity of 78.99% and a net margin of 2.80%. The company’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period last year, the firm earned $0.16 earnings per share. As a group, equities research analysts predict that L Brands Inc will post 2.39 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 22nd will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 6.61%. The ex-dividend date is Thursday, November 21st. L Brands’s payout ratio is currently 42.55%.

Hedge funds have recently made changes to their positions in the business. Van Hulzen Asset Management LLC boosted its stake in shares of L Brands by 0.9% during the second quarter. Van Hulzen Asset Management LLC now owns 56,949 shares of the specialty retailer’s stock valued at $1,486,000 after purchasing an additional 505 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of L Brands by 2.3% during the second quarter. Oregon Public Employees Retirement Fund now owns 24,259 shares of the specialty retailer’s stock valued at $633,000 after purchasing an additional 542 shares in the last quarter. Comerica Bank boosted its stake in shares of L Brands by 1.4% during the third quarter. Comerica Bank now owns 47,605 shares of the specialty retailer’s stock valued at $835,000 after purchasing an additional 664 shares in the last quarter. Oppenheimer & Co. Inc. boosted its stake in shares of L Brands by 3.9% during the second quarter. Oppenheimer & Co. Inc. now owns 19,993 shares of the specialty retailer’s stock valued at $522,000 after purchasing an additional 754 shares in the last quarter. Finally, Bank of Nova Scotia boosted its stake in shares of L Brands by 0.5% during the second quarter. Bank of Nova Scotia now owns 165,303 shares of the specialty retailer’s stock valued at $4,314,000 after purchasing an additional 777 shares in the last quarter. Institutional investors and hedge funds own 71.33% of the company’s stock.

About L Brands (NYSE:LB)

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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