November 28, 2016 - By Nellie Frank
In a analysts note revealed on Monday, 28 November, research professionals at Piper Jaffray’s equities research division upped L Brands Inc (NYSE:LB)‘s stock from a “Underweight” to “Neutral”.
Out of 24 analysts covering L Brands (NYSE:LB), 9 rate it a “Buy”, 2 “Sell”, while 13 “Hold”. This means 38% are positive. $115 is the highest target while $60 is the lowest. The $80.96 average target is 12.66% above today’s ($71.86) stock price. L Brands has been the topic of 84 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating by Cowen & Co given on Friday, May 20. The firm earned “Neutral” rating on Tuesday, November 1 by Mizuho. FBR Capital maintained the stock with “Mkt Perform” rating in Friday, May 20 report. The stock has “Sector Perform” rating given by RBC Capital Markets on Friday, May 20. The firm has “Hold” rating given on Friday, September 4 by Cantor Fitzgerald. The stock has “Market Perform” rating given by Wells Fargo on Thursday, October 22. The company was maintained on Wednesday, November 4 by Mizuho. The rating was maintained by FBR Capital with “Market Perform” on Monday, October 12. The rating was downgraded by Robert W. Baird to “Neutral” on Thursday, May 19. The rating was maintained by Wedbush on Friday, August 19 with “Neutral”.
About 1.96 million shares traded hands. L Brands Inc (NYSE:LB) has declined 7.81% since April 25, 2016 and is downtrending. It has underperformed by 13.82% the S&P500.
Analysts await L Brands Inc (NYSE:LB) to report earnings on February, 22. They expect $1.97 earnings per share, down 8.37% or $0.18 from last year’s $2.15 per share. LB’s profit will be $561.17M for 9.12 P/E if the $1.97 EPS becomes a reality. After $0.42 actual earnings per share reported by L Brands Inc for the previous quarter, Wall Street now forecasts 369.05% EPS growth.
Insitutional Activity: The institutional sentiment increased to 0.96 in Q2 2016. Its up 0.06, from 0.9 in 2016Q1. The ratio improved, as 98 funds sold all L Brands Inc shares owned while 144 reduced positions. 50 funds bought stakes while 168 increased positions. They now own 214.85 million shares or 2.03% less from 219.30 million shares in 2016Q1.
Quantres Asset Limited has invested 0.32% of its portfolio in L Brands Inc (NYSE:LB). Moreover, Brown Brothers Harriman & has 0.01% invested in L Brands Inc (NYSE:LB) for 22,014 shares. Ameritas Ptnrs Inc last reported 0.02% of its portfolio in the stock. The Ohio-based Keybank National Association Oh has invested 0% in L Brands Inc (NYSE:LB). Advent Cap Management De has invested 0.07% of its portfolio in L Brands Inc (NYSE:LB). Winton Grp Ltd, a United Kingdom-based fund reported 87,225 shares. Tokio Marine Asset accumulated 0.05% or 6,708 shares. Albion Financial Grp Ut owns 6,969 shares or 0.08% of their US portfolio. Royal London Asset Limited has 72,351 shares for 0.08% of their US portfolio. Dai Ichi Life Ins holds 16,656 shares or 0.03% of its portfolio. The Texas-based Exxonmobil Invest Management Tx has invested 0.09% in L Brands Inc (NYSE:LB). Alexandria holds 0% or 136 shares in its portfolio. Victory Cap Mgmt Inc has 35,642 shares for 0.01% of their US portfolio. Css Ltd Liability Corporation Il reported 3,300 shares or 0.01% of all its holdings. 1832 Asset L P holds 0.01% of its portfolio in L Brands Inc (NYSE:LB) for 38,440 shares.
L Brands, Inc. operates specialty retail business. The company has a market cap of $20.47 billion. The Firm is focused on women’s intimate and other apparel, personal care and beauty categories. It has a 18.21 P/E ratio. The Firm operates through three divisions: Victoria’s Secret, Bath & Body Works, and Victoria’s Secret and Bath & Body Works International.
According to Zacks Investment Research, “L Brands, Inc. operates as a retailer of women’s intimate and other apparel, beauty and personal care products and accessories primarily in the United States. Its brand includes Victoria’s Secret, Victoria’s Secret Pink, Bath & Body Works, La Senza and Henri Bendel. The company sells its product through franchise, license, wholesale partners, websites, catalogue, and other channels. L Brands Inc., formerly known as Limited Brands Inc., is headquartered in Columbus, Ohio.”
L Brands, Inc., incorporated on March 16, 1982, operates specialty retail business. The Firm is focused on women’s intimate and other apparel, personal care and beauty categories. The Firm sells its merchandise through Company-owned specialty retail stores in the United States, Canada and the United Kingdom, which are primarily mall-based; through Websites, and through international franchise, license and wholesale partners (collectively partners). The Firm operates through three divisions: Victoria’s Secret, Bath & Body Works, and Victoria’s Secret and Bath & Body Works International. The Firm operates the retail brands, which include Victoria’s Secret, PINK, Bath & Body Works, La Senza and Henri Bendel. La Senza is a specialty retailer of women’s intimate apparel. The Firm sells its La Senza products at over 140 La Senza stores in Canada and online at www.LaSenza.com. Additionally, La Senza has approximately 220 stores in over 30 other countries operating under franchise, license and wholesale arrangements. Bath & Body Works is a specialty retailer of personal care, soaps, sanitizers and home fragrance products. Henri Bendel is an operator of approximately 30 specialty stores, which sells handbags, jewelry and other accessory products. Mast Global is a merchandise sourcing and production function serving the Company and its international partners.
More news for L Brands Inc (NYSE:LB) were recently published by: Wsj.com, which released: “L Brands CEO Says Victoria’s Secret Was Getting Stale” on November 01, 2016. Forbes.com‘s article titled: “Ex-Dividend Reminder: L Brands, National CineMedia and Avista” and published on November 14, 2016 is yet another important article.
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By Nellie Frank