November 28, 2016 - By Peter Kolinski
In a a report revealed to clients on 28 November, PiperJaffray stated it was upgrading L Brands (NYSE:LB) stock from a Underweight to a 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 12.59% above today’s ($71.91) stock price. L Brands has been the topic of 84 analyst reports since August 7, 2015 according to StockzIntelligence Inc. FBR Capital maintained L Brands Inc (NYSE:LB) rating on Monday, October 12. FBR Capital has “Market Perform” rating and $95 price target. The stock of L Brands Inc (NYSE:LB) has “Hold” rating given on Monday, August 24 by Cantor Fitzgerald. The stock has “Neutral” rating given by JP Morgan on Monday, November 9. The firm earned “Mkt Perform” rating on Friday, May 20 by FBR Capital. Wedbush maintained L Brands Inc (NYSE:LB) rating on Friday, August 19. Wedbush has “Neutral” rating and $75 price target. UBS downgraded the shares of LB in a report on Monday, May 9 to “Neutral” rating. The stock has “Neutral” rating given by Citigroup on Friday, August 19. As per Friday, May 20, the company rating was maintained by Telsey Advisory Group. As per Friday, May 20, the company rating was maintained by Goldman Sachs. The company was maintained on Friday, May 6 by Telsey Advisory Group.
About 1.67 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 $561.33 million for 9.13 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.
Aperio Grp Limited Liability Corporation last reported 0.05% of its portfolio in the stock. Amalgamated Bancorporation accumulated 13,415 shares or 0.06% of the stock. Quantres Asset Limited has 7,700 shares for 0.32% of their US portfolio. Chevy Chase Hldg Incorporated, a Maryland-based fund reported 218,403 shares. Sandy Spring Retail Bank reported 2,322 shares or 0.02% of all its holdings. Ibm Retirement Fund owns 28,738 shares or 0.07% of their US portfolio. The California-based Windward Capital Ca has invested 0.77% in L Brands Inc (NYSE:LB). Finance Architects Incorporated last reported 1,749 shares in the company. Princeton Alpha Management Limited Partnership holds 0.21% or 17,740 shares in its portfolio. The New York-based Fred Alger Mgmt Inc has invested 0% in L Brands Inc (NYSE:LB). Quantbot Technology Limited Partnership owns 20,163 shares or 0.14% of their US portfolio. Panagora Asset Mngmt Incorporated reported 375,994 shares or 0.13% of all its holdings. Regions Fincl Corporation accumulated 66,081 shares or 0.06% of the stock. Utah Retirement System has invested 0.08% of its portfolio in L Brands Inc (NYSE:LB). Diam Ltd holds 0.02% of its portfolio in L Brands Inc (NYSE:LB) for 22,740 shares.
L Brands, Inc. operates specialty retail business. The company has a market cap of $20.49 billion. The Firm is focused on women’s intimate and other apparel, personal care and beauty categories. It has a 18.23 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 recent L Brands Inc (NYSE:LB) news were published by: Nasdaq.com which released: “Agree To Purchase L Brands At $45, Earn 6.1% Using Options” on October 27, 2016. Also Wsj.com published the news titled: “L Brands CEO Says Victoria’s Secret Was Getting Stale” on November 01, 2016. Forbes.com‘s news article titled: “Ex-Dividend Reminder: L Brands, National CineMedia and Avista” with publication date: November 14, 2016 was also an interesting one.
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