L Brands (NYSE:LB)‘s stock had its “equal weight” rating reaffirmed by equities research analysts at Morgan Stanley in a note issued to investors on Friday, August 24th. They currently have a $32.00 price objective on the specialty retailer’s stock, down from their prior price objective of $56.00. Morgan Stanley’s price target suggests a potential upside of 10.46% from the stock’s current price.

Several other brokerages have also weighed in on LB. Nomura increased their price objective on shares of L Brands from $29.00 to $31.00 and gave the company a “neutral” rating in a report on Thursday, June 7th. UBS Group began coverage on shares of L Brands in a report on Thursday, June 21st. They issued a “neutral” rating and a $37.00 price objective on the stock. B. Riley cut their target price on shares of L Brands from $58.00 to $49.00 and set a “buy” rating on the stock in a report on Friday, May 25th. Barclays reiterated a “hold” rating and issued a $34.00 target price on shares of L Brands in a report on Monday, May 28th. Finally, Royal Bank of Canada cut their target price on shares of L Brands to $44.00 and set a “buy” rating on the stock in a report on Thursday, April 26th. Six investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and ten have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $37.56.

L Brands stock traded up $1.53 during trading hours on Friday, hitting $28.97. 7,457,551 shares of the stock were exchanged, compared to its average volume of 7,327,555. The company has a current ratio of 1.46, a quick ratio of 0.83 and a debt-to-equity ratio of -5.09. The stock has a market capitalization of $7.73 billion, a price-to-earnings ratio of 9.05, a P/E/G ratio of 0.97 and a beta of 0.56. L Brands has a 12 month low of $25.89 and a 12 month high of $63.10.

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

Institutional investors have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. grew its position in shares of L Brands by 57.9% in the 2nd quarter. Advisors Asset Management Inc. now owns 323,881 shares of the specialty retailer’s stock valued at $11,945,000 after acquiring an additional 118,729 shares during the period. Mount Yale Investment Advisors LLC lifted its stake in shares of L Brands by 21,640.9% during the 2nd quarter. Mount Yale Investment Advisors LLC now owns 200,016 shares of the specialty retailer’s stock worth $7,377,000 after buying an additional 199,096 shares during the last quarter. Andra AP fonden acquired a new stake in shares of L Brands during the 2nd quarter worth about $8,032,000. Global X Management Co LLC lifted its stake in shares of L Brands by 18.9% during the 2nd quarter. Global X Management Co LLC now owns 23,369 shares of the specialty retailer’s stock worth $862,000 after buying an additional 3,707 shares during the last quarter. Finally, Davy Asset Management Ltd acquired a new stake in shares of L Brands during the 2nd quarter worth about $5,143,000. 72.86% of the stock is owned by institutional investors and hedge funds.

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.

Further Reading: Price to Earnings Ratio (PE)

Analyst Recommendations for L Brands (NYSE:LB)

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