Rating Buzzer: Is It Finally Time To Buy? Piper Jaffray Upgrades L Brands (NYSE:LB)

November 28, 2016 - By Dolores Ford

Rating Buzzer:  Is It Finally Time To Buy? Piper Jaffray Upgrades L Brands (NYSE:LB)

L Brands (NYSE:LB) Upgrade

Research professionals at Piper Jaffray’s research division boosted L Brands (NYSE:LB)‘s stock from a “Underweight” to “Neutral” on 28 November.

L Brands Inc (NYSE:LB) Ratings Coverage

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 12.34% above today’s ($72.07) stock price. L Brands has been the topic of 84 analyst reports since August 7, 2015 according to StockzIntelligence Inc. Credit Suisse maintained L Brands Inc (NYSE:LB) on Tuesday, November 10 with “Outperform” rating. The rating was maintained by Wedbush on Friday, May 20 with “Neutral”. Bernstein upgraded L Brands Inc (NYSE:LB) on Thursday, April 28 to “Outperform” rating. Cantor Fitzgerald maintained L Brands Inc (NYSE:LB) on Friday, August 7 with “Hold” rating. The firm has “Equal-Weight” rating given on Thursday, October 29 by Barclays Capital. The stock of L Brands Inc (NYSE:LB) earned “Hold” rating by Stifel Nicolaus on Saturday, August 22. FBR Capital maintained the stock with “Mkt Perform” rating in Friday, September 4 report. The rating was downgraded by Bank of America to “Underperform” on Tuesday, June 28. The firm earned “Peer Perform” rating on Tuesday, August 18 by Wolfe Research. The firm earned “Sector Perform” rating on Wednesday, November 2 by RBC Capital Markets.

About 848,315 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 EPS, down 8.37% or $0.18 from last year’s $2.15 per share. LB’s profit will be $561.18M for 9.15 P/E if the $1.97 EPS becomes a reality. After $0.42 actual EPS 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 increased, 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.

Mitsubishi Ufj Tru Corp holds 0.07% or 508,293 shares in its portfolio. Marshall Wace Limited Liability Partnership holds 0.02% or 32,943 shares in its portfolio. First Mercantile Trust holds 0.36% or 43,400 shares in its portfolio. Atlantic Trust Gp Limited Liability Company has invested 0.03% of its portfolio in L Brands Inc (NYSE:LB). Gemmer Asset Management Limited Liability last reported 0.01% of its portfolio in the stock. Utd Advisers Limited Liability Corp, a California-based fund reported 3,312 shares. Maverick Capital accumulated 8,910 shares or 0.01% of the stock. First Interstate Commercial Bank holds 0% or 100 shares in its portfolio. Miller Howard Investments Ny accumulated 897,166 shares or 1.08% of the stock. Moreover, Hudson Bay Mgmt Limited Partnership has 0.01% invested in L Brands Inc (NYSE:LB) for 6,070 shares. Nationwide Fund has 0.02% invested in the company for 71,411 shares. The New York-based Global X Co Limited Co has invested 0.01% in L Brands Inc (NYSE:LB). Moors Cabot holds 0.1% of its portfolio in L Brands Inc (NYSE:LB) for 8,151 shares. Moreover, Deutsche Natl Bank Ag has 0.2% invested in L Brands Inc (NYSE:LB) for 4.21 million shares. Henderson Pcl holds 0.02% of its portfolio in L Brands Inc (NYSE:LB) for 40,096 shares.

L Brands, Inc. operates specialty retail business. The company has a market cap of $20.53 billion. The Firm is focused on women’s intimate and other apparel, personal care and beauty categories. It has a 18.27 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.”

LB Company Profile

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 notable recent L Brands Inc (NYSE:LB) news were published by: Wsj.com which released: “L Brands CEO Says Victoria’s Secret Was Getting Stale” on November 01, 2016, also Forbes.com with their article: “Ex-Dividend Reminder: L Brands, National CineMedia and Avista” published on November 14, 2016, Marketwatch.com published: “Victoria’s Secret L Brands gives downbeat forecast” on November 16, 2016. More interesting news about L Brands Inc (NYSE:LB) were released by: Forbes.com and their article: “Victoria’s Secret Gives Little Lift To L Brands” published on November 03, 2016 as well as Nasdaq.com‘s news article titled: “L Brands Inc. Profit Drops 26% In Q3” with publication date: November 16, 2016.

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