Weekly Analysts’ Ratings Updates for L Brands (LB)

L Brands (NYSE: LB) recently received a number of ratings updates from brokerages and research firms:

  • 11/21/2018 – L Brands was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating.
  • 11/21/2018 – L Brands had its price target lowered by analysts at Telsey Advisory Group from $40.00 to $33.00. They now have a “market perform” rating on the stock.
  • 11/20/2018 – L Brands was given a new $24.00 price target on by analysts at Loop Capital. They now have a “sell” rating on the stock.
  • 11/20/2018 – L Brands had its price target raised by analysts at UBS Group AG from $31.00 to $34.00. They now have a “neutral” rating on the stock.
  • 11/20/2018 – L Brands was given a new $35.00 price target on by analysts at Bank of America Corp. They now have a “hold” rating on the stock.
  • 11/20/2018 – L Brands was given a new $35.00 price target on by analysts at Nomura. They now have a “hold” rating on the stock.
  • 11/20/2018 – L Brands was given a new $34.00 price target on by analysts at Piper Jaffray Companies. They now have a “hold” rating on the stock.
  • 11/20/2018 – L Brands was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $40.00 price target on the stock. According to Zacks, “Shares of L Brands have outpaced the industry in the past three months fueled by solid comps, positive earnings surprise in third-quarter fiscal 2018 and the announcement that management is exploring all possible alternatives for La Senza business. The company has been struggling with soft performance of its luxury lingerie brand and offloading of the same will enable it to focus on core operations to augment revenue and profitability. Apart from stiff competition, L Brands has been reeling under consumers’ changing preferences and spending pattern. Shrinking gross margin also raises concern. Nevertheless, this was the fourth straight quarter of earnings beat with top line continues to increase. Bath & Body Works segment remain one of the sales drivers. Further, L Brands’ focus on international markets is likely to provide growth opportunities and generate increased sales volumes. Management also raised fiscal 2018 earnings view.”
  • 11/19/2018 – L Brands was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of L Brands have outpaced the industry in the past three months on the back of decent comps performance, upbeat third-quarter fiscal 2018 earnings view and the news that management is exploring all possible alternatives for La Senza business. The company has been struggling with soft performance of its luxury lingerie brand and offloading of the same will enable it to focus on core operations to augment revenue and profitability. Apart from stiff competition, L Brands has been reeling under consumers’ changing preferences and spending pattern that continue to impact the performance of these brands. Shrinking gross margin also raises concern. Nevertheless, estimates have gone up lately ahead of third-quarter release. Last reported quarter, marked the third straight quarter of earnings beat. Further, L Brands’ focus on international markets is likely to provide growth opportunities and generate increased sales volumes.”
  • 11/13/2018 – L Brands was given a new $33.00 price target on by analysts at Barclays PLC. They now have a “hold” rating on the stock.
  • 11/13/2018 – L Brands had its “buy” rating reaffirmed by analysts at Zacks Investment Research. They now have a $35.00 price target on the stock. According to Zacks, “Shares of L Brands have outdid the industry in a month primarily on the back of impressive September comparable sales results and the announcement that management is exploring all possible alternatives for its La Senza business. The company has been struggling with soft performance of its luxury lingerie brand and offloading of the same will enable it to focus on core operations to augment revenue and profitability. Apart from stiff competition, L Brands has been reeling under consumers’ changing preferences and spending pattern that continue to impact the performance of these brands. Shrinking gross margin also raises concern. Nevertheless, estimates have been stable lately ahead of third-quarter fiscal 2018 release. Last reported quarter, marked the company’s third straight quarter of earnings beat. Further, L Brands’ focus on international markets is likely to provide growth opportunities and generate increased sales volumes.”
  • 11/12/2018 – L Brands was upgraded by analysts at Wells Fargo & Co from a “market perform” rating to an “outperform” rating. They now have a $55.00 price target on the stock, up previously from $30.00.
  • 11/12/2018 – L Brands had its price target raised by analysts at Citigroup Inc from $37.00 to $42.00. They now have a “buy” rating on the stock.
  • 11/9/2018 – L Brands had its price target raised by analysts at MKM Partners to $34.00. They now have a “neutral” rating on the stock.
  • 11/8/2018 – L Brands was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating.
  • 11/8/2018 – L Brands was given a new $24.00 price target on by analysts at Loop Capital. They now have a “sell” rating on the stock.
  • 11/8/2018 – L Brands was upgraded by analysts at KeyCorp from an “underweight” rating to a “sector weight” rating.
  • 10/25/2018 – L Brands is now covered by analysts at Goldman Sachs Group Inc. They set a “buy” rating and a $36.00 price target on the stock.
  • 10/23/2018 – L Brands was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. According to Zacks, “Shares of L Brands have outdid the industry in a month primarily on the back of impressive September comparable sales results and the announcement that management is exploring all possible alternatives for its La Senza business. The company has been struggling with soft performance of its luxury lingerie brand and offloading of the same will enable it to focus on core operations to augment revenue and profitability. Apart from stiff competition, L Brands has been reeling under consumers’ changing preferences and spending pattern that continue to impact the performance of these brands. Shrinking gross margin also raises concern. Nevertheless, estimates have been stable lately ahead of third-quarter fiscal 2018 release. Last reported quarter, marked the company’s third straight quarter of earnings beat. Further, L Brands’ focus on international markets is likely to provide growth opportunities and generate increased sales volumes.”
  • 10/18/2018 – L Brands was given a new $31.00 price target on by analysts at Barclays PLC. They now have a “hold” rating on the stock.
  • 10/12/2018 – L Brands had its price target raised by analysts at Nomura from $30.00 to $32.00. They now have a “neutral” rating on the stock.
  • 10/12/2018 – L Brands was given a new $31.00 price target on by analysts at MKM Partners. They now have a “hold” rating on the stock.
  • 10/2/2018 – L Brands was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating.

NYSE:LB traded up $2.05 during midday trading on Monday, hitting $32.02. The stock had a trading volume of 357,274 shares, compared to its average volume of 6,230,068. L Brands Inc has a one year low of $25.89 and a one year high of $63.10. The stock has a market cap of $8.24 billion, a P/E ratio of 10.01, a price-to-earnings-growth ratio of 0.98 and a beta of 0.33.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, December 7th. Shareholders 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 yield of 7.50%. L Brands’s dividend payout ratio (DPR) is presently 75.00%.

Several institutional investors and hedge funds have recently modified their holdings of LB. Steward Partners Investment Advisory LLC raised its stake in shares of L Brands by 23.7% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 8,231 shares of the specialty retailer’s stock valued at $304,000 after buying an additional 1,578 shares during the last quarter. Malaga Cove Capital LLC grew its position in shares of L Brands by 3.2% during the 3rd quarter. Malaga Cove Capital LLC now owns 51,559 shares of the specialty retailer’s stock valued at $1,573,000 after acquiring an additional 1,603 shares during the period. Kovack Advisors Inc. grew its position in shares of L Brands by 15.7% during the 2nd quarter. Kovack Advisors Inc. now owns 11,836 shares of the specialty retailer’s stock valued at $437,000 after acquiring an additional 1,604 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in shares of L Brands by 14.3% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 13,244 shares of the specialty retailer’s stock valued at $401,000 after acquiring an additional 1,661 shares during the period. Finally, Norinchukin Bank The grew its position in shares of L Brands by 5.8% during the 3rd quarter. Norinchukin Bank The now owns 31,785 shares of the specialty retailer’s stock valued at $963,000 after acquiring an additional 1,734 shares during the period. Hedge funds and other institutional investors own 70.55% of the company’s stock.

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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