L Brands (NYSE:LB) had its price objective decreased by Credit Suisse Group from $36.00 to $30.00 in a research note published on Friday morning. Credit Suisse Group currently has a neutral rating on the specialty retailer’s stock.

A number of other research firms have also commented on LB. Bank of America raised shares of L Brands from an underperform rating to a neutral rating and raised their price objective for the stock from $26.00 to $33.00 in a research note on Tuesday, September 18th. Piper Jaffray Companies set a $28.00 price objective on shares of L Brands and gave the stock a hold rating in a research note on Thursday, September 20th. ValuEngine raised shares of L Brands from a strong sell rating to a sell rating in a research note on Saturday, September 22nd. MKM Partners set a $31.00 price objective on shares of L Brands and gave the stock a hold rating in a research note on Friday, October 12th. Finally, Nomura raised their price objective on shares of L Brands from $30.00 to $32.00 and gave the stock a neutral rating in a research note on Friday, October 12th. Three equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eleven have issued a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $37.99.

NYSE LB opened at $26.46 on Friday. L Brands has a 12 month low of $23.71 and a 12 month high of $53.39. The company has a market cap of $7.77 billion, a P/E ratio of 8.27, a P/E/G ratio of 0.96 and a beta of 0.65.

L Brands (NYSE:LB) last posted its quarterly earnings data on Monday, November 19th. The specialty retailer reported $0.16 EPS for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.01. The business had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.70 billion. L Brands had a net margin of 5.81% and a negative return on equity of 76.28%. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter last year, the business earned $0.30 earnings per share. Research analysts expect that L Brands will post 2.68 EPS for the current fiscal year.

In other news, Director Raymond Zimmerman sold 6,385 shares of L Brands stock in a transaction dated Wednesday, November 21st. The shares were sold at an average price of $28.33, for a total transaction of $180,887.05. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 17.32% of the stock is currently owned by insiders.

Several institutional investors have recently modified their holdings of LB. Malaga Cove Capital LLC boosted its position in L Brands by 3.2% in the third quarter. Malaga Cove Capital LLC now owns 51,559 shares of the specialty retailer’s stock valued at $1,573,000 after buying an additional 1,603 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of L Brands by 14.3% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 13,244 shares of the specialty retailer’s stock worth $401,000 after purchasing an additional 1,661 shares in the last quarter. Norinchukin Bank The lifted its position in shares of L Brands by 5.8% during the third quarter. Norinchukin Bank The now owns 31,785 shares of the specialty retailer’s stock worth $963,000 after purchasing an additional 1,734 shares in the last quarter. IFM Investors Pty Ltd lifted its position in shares of L Brands by 17.5% during the third quarter. IFM Investors Pty Ltd now owns 12,644 shares of the specialty retailer’s stock worth $383,000 after purchasing an additional 1,887 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its position in shares of L Brands by 12.2% during the third quarter. Commonwealth Equity Services LLC now owns 18,104 shares of the specialty retailer’s stock worth $548,000 after purchasing an additional 1,966 shares in the last quarter. Institutional investors and hedge funds own 71.78% 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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