UBS Group Raises L Brands (LB) Price Target to $34.00

L Brands (NYSE:LB) had its target price hoisted by UBS Group from $31.00 to $34.00 in a research report report published on Tuesday, www.benzinga.com reports. UBS Group currently has a neutral rating on the specialty retailer’s stock.

A number of other research analysts have also weighed in on LB. Piper Jaffray Companies set a $29.00 target price on shares of L Brands and gave the company a hold rating in a report on Tuesday, August 7th. Zacks Investment Research lowered shares of L Brands from a hold rating to a sell rating in a report on Tuesday, August 7th. Loop Capital set a $27.00 price objective on shares of L Brands and gave the stock a sell rating in a research note on Thursday, August 9th. Wedbush began coverage on shares of L Brands in a research note on Friday, August 10th. They set a neutral rating and a $33.00 price objective for the company. Finally, JPMorgan Chase & Co. dropped their price objective on shares of L Brands from $31.00 to $28.00 and set a neutral rating for the company in a research note on Friday, August 10th. Three analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eleven have issued a buy rating to the stock. L Brands presently has a consensus rating of Hold and an average target price of $38.39.

Shares of LB stock traded up $0.80 on Tuesday, reaching $30.17. The company’s stock had a trading volume of 955,441 shares, compared to its average volume of 6,484,785. L Brands has a 1 year low of $25.89 and a 1 year high of $63.10. The firm has a market cap of $8.08 billion, a PE ratio of 9.43, a price-to-earnings-growth ratio of 0.96 and a beta of 0.33.

L Brands (NYSE:LB) last posted its earnings results on Monday, November 19th. The specialty retailer reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. L Brands had a net margin of 5.81% and a negative return on equity of 83.62%. The firm had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.70 billion. During the same period last year, the firm posted $0.30 earnings per share. L Brands’s revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, research analysts anticipate that L Brands will post 2.66 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 7th. Stockholders of record on Friday, November 23rd will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Wednesday, November 21st. This represents a $2.40 annualized dividend and a dividend yield of 7.95%. L Brands’s dividend payout ratio (DPR) is 75.00%.

Large investors have recently added to or reduced their stakes in the company. Piedmont Investment Advisors LLC bought a new stake in shares of L Brands in the second quarter valued at about $104,000. Gradient Investments LLC bought a new stake in shares of L Brands in the second quarter valued at about $109,000. Private Capital Group LLC raised its holdings in shares of L Brands by 6,777.3% in the second quarter. Private Capital Group LLC now owns 3,026 shares of the specialty retailer’s stock valued at $111,000 after acquiring an additional 2,982 shares in the last quarter. Salem Investment Counselors Inc. bought a new stake in shares of L Brands in the third quarter valued at about $130,000. Finally, Ferguson Wellman Capital Management Inc. bought a new stake in shares of L Brands in the second quarter valued at about $216,000. Institutional investors and hedge funds own 70.55% of the company’s stock.

About L Brands

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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Analyst Recommendations for L Brands (NYSE:LB)

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