L Brands, Inc. (LB) Stock Rating Reaffirmed by Royal Bank Of Canada

L Brands, Inc. (NYSE:LB)‘s stock had its “hold” rating restated by research analysts at Royal Bank Of Canada in a note issued to investors on Monday. They presently have a $55.00 target price on the specialty retailer’s stock. Royal Bank Of Canada’s price target would suggest a potential upside of 24.27% from the company’s current price.

A number of other brokerages also recently weighed in on LB. Oppenheimer Holdings, Inc. set a $62.00 price objective on shares of L Brands and gave the company a “buy” rating in a research report on Saturday, April 8th. BMO Capital Markets set a $52.00 price objective on shares of L Brands and gave the company a “hold” rating in a research report on Thursday, July 6th. Instinet restated a “neutral” rating and set a $48.00 price objective (down previously from $49.00) on shares of L Brands in a research report on Sunday, July 9th. Wolfe Research lowered their price objective on shares of L Brands from $52.00 to $48.00 and set a “peer perform” rating on the stock in a research report on Friday, July 7th. Finally, Jefferies Group LLC set a $32.00 price objective on shares of L Brands and gave the company a “sell” rating in a research report on Wednesday, July 19th. Four investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and nine have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $56.53.

L Brands (LB) traded down 1.51% during trading on Monday, hitting $44.26. 1,950,469 shares of the company’s stock traded hands. The stock has a market cap of $12.70 billion, a P/E ratio of 11.66 and a beta of 0.65. The company’s 50 day moving average is $49.88 and its 200-day moving average is $52.18. L Brands has a 12 month low of $43.04 and a 12 month high of $79.67.

L Brands (NYSE:LB) last issued its earnings results on Wednesday, May 17th. The specialty retailer reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.04. The firm had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.46 billion. L Brands had a net margin of 8.87% and a negative return on equity of 104.19%. The business’s revenue was down 6.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.59 earnings per share. On average, analysts predict that L Brands will post $3.23 earnings per share for the current year.

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In related news, CEO Nicholas Coe sold 39,839 shares of the firm’s stock in a transaction on Friday, May 19th. The shares were sold at an average price of $48.88, for a total transaction of $1,947,330.32. Following the completion of the transaction, the chief executive officer now directly owns 75,658 shares of the company’s stock, valued at $3,698,163.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 16.45% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. FNY Partners Fund LP bought a new position in L Brands during the first quarter valued at $129,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new position in L Brands during the first quarter valued at $142,000. IFP Advisors Inc boosted its position in L Brands by 20.2% in the first quarter. IFP Advisors Inc now owns 3,152 shares of the specialty retailer’s stock valued at $148,000 after buying an additional 529 shares during the last quarter. Prospera Financial Services Inc boosted its position in L Brands by 23.1% in the first quarter. Prospera Financial Services Inc now owns 4,632 shares of the specialty retailer’s stock valued at $200,000 after buying an additional 868 shares during the last quarter. Finally, State of Alaska Department of Revenue bought a new position in L Brands during the first quarter valued at $214,000. 75.43% of the stock is owned by institutional investors.

About L Brands

L Brands, Inc operates specialty retail business. The Company is focused on women’s intimate and other apparel, personal care, beauty and home fragrance categories. Its segments include Victoria’s Secret, Bath & Body Works, and Victoria’s Secret and Bath & Body Works International. It sells its merchandise through company-owned specialty retail stores in the United States, Canada, the United Kingdom and Greater China, which are mall-based; through Websites, and through international franchise, license and wholesale partners.