L Brands (NYSE:LB) had its price target boosted by stock analysts at Morgan Stanley from $13.00 to $25.00 in a research report issued on Friday, BenzingaRatingsTable reports. The firm presently has an “equal weight” rating on the specialty retailer’s stock. Morgan Stanley’s price objective points to a potential upside of 2.42% from the stock’s previous close.
LB has been the subject of several other research reports. Zacks Investment Research raised shares of L Brands from a “strong sell” rating to a “hold” rating and set a $20.00 price objective for the company in a research report on Tuesday, July 28th. ValuEngine raised shares of L Brands from a “sell” rating to a “hold” rating in a research report on Thursday, May 21st. KeyCorp raised their price objective on shares of L Brands from $25.00 to $28.00 and gave the stock an “overweight” rating in a research report on Wednesday. B. Riley raised their price objective on shares of L Brands from $23.00 to $24.00 in a research report on Wednesday. Finally, Wedbush raised their price objective on shares of L Brands from $12.00 to $20.00 in a research report on Wednesday. Three investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nine have given a buy rating to the stock. L Brands presently has a consensus rating of “Hold” and a consensus target price of $22.57.
L Brands stock opened at $24.41 on Friday. L Brands has a 52-week low of $8.00 and a 52-week high of $26.66. The firm has a 50 day moving average price of $16.60 and a two-hundred day moving average price of $16.87. The firm has a market cap of $6.75 billion, a price-to-earnings ratio of -9.61, a PEG ratio of 19.59 and a beta of 1.22.
L Brands (NYSE:LB) last released its quarterly earnings results on Wednesday, May 20th. The specialty retailer reported ($0.99) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.71) by ($0.28). L Brands had a negative return on equity of 23.32% and a negative net margin of 5.89%. The firm had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.75 billion. During the same quarter in the previous year, the business posted $0.14 EPS. The firm’s revenue for the quarter was down 37.1% compared to the same quarter last year. Equities research analysts expect that L Brands will post 0.21 EPS for the current fiscal year.
Several institutional investors have recently made changes to their positions in the stock. J. W. Coons Advisors LLC bought a new position in L Brands in the first quarter worth $32,000. Harvest Fund Management Co. Ltd bought a new position in L Brands in the first quarter valued at about $32,000. Cullen Frost Bankers Inc. bought a new position in L Brands in the first quarter valued at about $63,000. MML Investors Services LLC bought a new position in L Brands in the first quarter valued at about $126,000. Finally, Dupont Capital Management Corp lifted its holdings in L Brands by 43.0% in the first quarter. Dupont Capital Management Corp now owns 11,151 shares of the specialty retailer’s stock valued at $129,000 after acquiring an additional 3,351 shares during the period. Institutional investors own 77.28% of the company’s stock.
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.
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