The L Brands, Inc. (LB) Rating Lowered to Buy at Vetr Inc.

The L Brands, Inc. (LB) Rating Lowered to Buy at Vetr Inc.

L Brands, Inc. (NYSE:LB) was downgraded by research analysts at Vetr from a “strong-buy” rating to a “buy” rating in a note issued to investors on Wednesday. They presently have a $68.74 target price on the stock. Vetr‘s price target points to a potential upside of 11.10% from the company’s current price.

Other equities analysts have also recently issued reports about the stock. FBR & Co lowered their price objective on shares of L Brands to $69.00 in a research report on Thursday, November 17th. Oppenheimer Holdings, Inc. set a $90.00 target price on shares of L Brands and gave the company a “buy” rating in a research note on Thursday, October 6th. Mizuho reissued a “buy” rating and set a $85.00 target price on shares of L Brands in a research note on Monday, September 26th. Stifel Nicolaus decreased their target price on shares of L Brands from $90.00 to $85.00 and set a “buy” rating for the company in a research note on Tuesday, November 1st. Finally, Citigroup Inc. raised shares of L Brands from a “neutral” rating to a “buy” rating and lifted their target price for the company from $74.00 to $84.00 in a research note on Monday, November 14th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and twelve have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $73.37.

Shares of L Brands (NYSE:LB) traded up 1.19% during mid-day trading on Wednesday, hitting $61.87. The stock had a trading volume of 2,847,183 shares. The stock has a 50-day moving average price of $67.95 and a 200 day moving average price of $70.98. L Brands has a 52 week low of $60.00 and a 52 week high of $97.35. The stock has a market cap of $17.69 billion, a P/E ratio of 15.57 and a beta of 0.84.

L Brands (NYSE:LB) last posted its quarterly earnings data on Wednesday, November 16th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.02. L Brands had a net margin of 9.31% and a negative return on equity of 124.12%. The firm had revenue of $2.58 billion for the quarter, compared to analysts’ expectations of $2.57 billion. During the same period in the previous year, the company posted $0.55 EPS. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. On average, equities analysts forecast that L Brands will post $3.59 EPS for the current fiscal year.

Several institutional investors have recently made changes to their positions in the company. NN Investment Partners Holdings N.V. raised its position in shares of L Brands by 55,454.3% in the fourth quarter. NN Investment Partners Holdings N.V. now owns 823,870 shares of the company’s stock worth $54,244,000 after buying an additional 822,387 shares during the last quarter. Cornerstone Capital Management Holdings LLC. raised its position in shares of L Brands by 14.7% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 114,213 shares of the company’s stock worth $8,081,000 after buying an additional 14,644 shares during the last quarter. Credit Suisse AG raised its position in shares of L Brands by 18.1% in the third quarter. Credit Suisse AG now owns 1,400,375 shares of the company’s stock worth $99,105,000 after buying an additional 214,836 shares during the last quarter. Ameritas Investment Partners Inc. raised its position in shares of L Brands by 14.8% in the third quarter. Ameritas Investment Partners Inc. now owns 5,743 shares of the company’s stock worth $406,000 after buying an additional 741 shares during the last quarter. Finally, NS Partners Ltd raised its position in shares of L Brands by 0.3% in the third quarter. NS Partners Ltd now owns 49,080 shares of the company’s stock worth $3,473,000 after buying an additional 170 shares during the last quarter. Institutional investors own 73.79% of the company’s stock.

L Brands Company Profile

L Brands, Inc operates specialty retail business. The Company is focused on women’s intimate and other apparel, personal care and beauty categories. The Company operates through three segments: Victoria’s Secret, Bath & Body Works, and Victoria’s Secret and Bath & Body Works International. Victoria’s Secret segment includes PINK, which is the specialty retailer of women’s intimate and other apparel with collections, fragrances, supermodels and runway shows.

To view Vetr’s full report, visit Vetr’s official website.

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