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

November 28, 2016 - By olga

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

L Brands (NYSE:LB) Upgrade

L Brands (NYSE:LB) was upgraded by equity analysts at Piper Jaffray from a “Underweight” rating to “Neutral” rating in a a research report revealed to investors and clients on Monday morning.

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 12.20% above today’s ($72.16) stock price. L Brands has been the topic of 84 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The stock of L Brands Inc (NYSE:LB) earned “Mkt Perform” rating by FBR Capital on Friday, May 20. Cowen & Co maintained the shares of LB in a report on Saturday, August 22 with “Outperform” rating. Wedbush maintained L Brands Inc (NYSE:LB) rating on Friday, November 20. Wedbush has “Neutral” rating and $101 price target. FBR Capital maintained it with “Mkt Perform” rating and $93 target price in Thursday, February 25 report. The firm earned “Hold” rating on Friday, September 4 by Cantor Fitzgerald. The stock of L Brands Inc (NYSE:LB) has “Buy” rating given on Monday, April 25 by Stifel Nicolaus. The firm has “Outperform” rating by Credit Suisse given on Friday, November 20. RBC Capital Markets maintained it with “Sector Perform” rating and $97 target price in Wednesday, November 4 report. Mizuho maintained the stock with “Buy” rating in Thursday, September 3 report. The stock has “Hold” rating given by Brean Capital on Monday, August 24.

About 1.10M 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 $561.30 million for 9.16 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 2016 Q2. Its up 0.06, from 0.9 in 2016Q1. The ratio is positive, 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.

Sumitomo Mitsui Asset Management Limited accumulated 0.04% or 20,450 shares. The Ontario – Canada-based Manufacturers Life Ins Com The has invested 0.03% in L Brands Inc (NYSE:LB). Teachers Retirement System Of The State Of Kentucky has 33,600 shares for 0.03% of their US portfolio. Zebra Cap Mgmt Ltd Liability Com has invested 0.4% of its portfolio in L Brands Inc (NYSE:LB). Cypress Capital Mngmt Limited Liability Co (Wy) last reported 425 shares in the company. Moreover, Employees Retirement Of Texas has 0.01% invested in L Brands Inc (NYSE:LB) for 15,000 shares. The Ohio-based Parkwood Ltd Llc has invested 0.04% in L Brands Inc (NYSE:LB). Beacon Group last reported 0.06% of its portfolio in the stock. River Road Asset Management Ltd accumulated 50,978 shares or 0.07% of the stock. Bokf Na last reported 25,242 shares in the company. Stanley accumulated 10,816 shares or 0.28% of the stock. The Nebraska-based Ameritas Prtnrs has invested 0.02% in L Brands Inc (NYSE:LB). State Of Tennessee Treasury Department owns 106,582 shares or 0.04% of their US portfolio. Capital Impact Advisors Limited Liability Co holds 0.67% or 21,333 shares in its portfolio. Investors Asset Mngmt Of Georgia Incorporated Ga Adv has 0.16% invested in the company for 3,069 shares.

L Brands, Inc. operates specialty retail business. The company has a market cap of $20.56 billion. The Firm is focused on women’s intimate and other apparel, personal care and beauty categories. It has a 18.29 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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