L Brands, Inc. (NYSE:LB) Rating Reiterated by FBR & Co

FBR & Co reissued their outperform rating on shares of L Brands, Inc. (NYSE:LB) in a report released on Thursday, July 27th. The firm currently has a $60.00 price target on the specialty retailer’s stock.

A number of other research analysts have also recently issued reports on the stock. Royal Bank Of Canada reissued a hold rating and issued a $55.00 price objective on shares of L Brands in a research note on Monday, July 24th. Jefferies Group LLC set a $32.00 price objective on shares of L Brands and gave the company a sell rating in a research note on Wednesday, July 19th. Credit Suisse Group set a $47.00 target price on shares of L Brands and gave the stock a hold rating in a research note on Wednesday, July 19th. Instinet reaffirmed a neutral rating and set a $48.00 target price (down previously from $49.00) on shares of L Brands in a research note on Sunday, July 9th. Finally, BMO Capital Markets set a $52.00 target price on shares of L Brands and gave the stock a hold rating in a research note on Thursday, July 6th. Five research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and nine have assigned a buy rating to the company. L Brands has a consensus rating of Hold and an average price target of $56.05.

Shares of L Brands (NYSE LB) traded up 4.09% on Thursday, hitting $43.30. The stock had a trading volume of 6,531,829 shares. The firm has a market capitalization of $12.42 billion, a P/E ratio of 11.40 and a beta of 0.62. The company has a 50 day moving average of $48.88 and a 200-day moving average of $51.51. L Brands has a 12-month low of $41.92 and a 12-month high of $79.67.

L Brands (NYSE:LB) last announced its quarterly earnings data on Wednesday, May 17th. The specialty retailer reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.04. The business had revenue of $2.44 billion for the quarter, compared to analysts’ expectations of $2.46 billion. L Brands had a net margin of 8.87% and a negative return on equity of 104.19%. The firm’s quarterly revenue was down 6.8% compared to the same quarter last year. During the same period last year, the firm posted $0.59 earnings per share. Equities analysts predict that L Brands will post $3.24 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 18th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 5.54%. L Brands’s dividend payout ratio (DPR) is currently 63.16%.

In other L Brands news, CEO Nicholas Coe sold 39,839 shares of L Brands stock in a transaction on Friday, May 19th. The shares were sold at an average price of $48.88, for a total value of $1,947,330.32. Following the completion of the sale, 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 legal filing with the SEC, which is available at the SEC website. Insiders own 16.45% of the company’s stock.

Large investors have recently bought and sold shares of the company. First Personal Financial Services increased its stake in L Brands by 127.7% in the second quarter. First Personal Financial Services now owns 1,954 shares of the specialty retailer’s stock valued at $105,000 after buying an additional 1,096 shares during the last quarter. FNY Partners Fund LP acquired a new stake in L Brands during the first quarter valued at approximately $129,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new stake in L Brands during the first quarter valued at approximately $142,000. IFP Advisors Inc increased its stake 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. Finally, Investors Asset Management of Georgia Inc. GA ADV increased its stake in L Brands by 11.2% in the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 3,719 shares of the specialty retailer’s stock valued at $200,000 after buying an additional 375 shares during the last quarter. 75.55% of the stock is owned by institutional investors.

L Brands Company Profile

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.