L Brands, Inc. (LB) Rating Lowered to Sell at BidaskClub
BidaskClub downgraded shares of L Brands, Inc. (NYSE:LB) from a hold rating to a sell rating in a report published on Friday morning.
Several other equities research analysts have also recently commented on LB. Citigroup Inc. cut L Brands from a buy rating to a neutral rating and dropped their target price for the stock from $70.00 to $49.00 in a report on Tuesday, April 4th. Pacific Crest cut L Brands to a sell rating in a report on Tuesday, April 4th. FBR & Co reissued an outperform rating and set a $60.00 target price on shares of L Brands in a report on Thursday, April 6th. Cowen and Company reissued a buy rating and set a $56.00 target price on shares of L Brands in a report on Thursday, April 6th. Finally, Jefferies Group LLC reissued a sell rating and set a $35.00 target price on shares of L Brands in a report on Thursday, April 6th. Five equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and nine have given a buy rating to the company. L Brands presently has a consensus rating of Hold and a consensus price target of $56.53.
L Brands (NYSE:LB) traded up 0.54% during midday trading on Friday, hitting $46.64. The company had a trading volume of 453,643 shares. The stock has a market cap of $13.38 billion, a price-to-earnings ratio of 12.28 and a beta of 0.65. L Brands has a 12-month low of $43.04 and a 12-month high of $79.67. The company’s 50 day moving average is $49.09 and its 200 day moving average is $51.62.
L Brands (NYSE:LB) last announced its earnings results on Wednesday, May 17th. The specialty retailer reported $0.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.04. L Brands had a negative return on equity of 104.19% and a net margin of 8.87%. The firm had revenue of $2.44 billion for the quarter, compared to analysts’ expectations of $2.46 billion. During the same quarter in the previous year, the company earned $0.59 earnings per share. The firm’s quarterly revenue was down 6.8% compared to the same quarter last year. On average, equities analysts anticipate that L Brands will post $3.23 EPS for the current fiscal year.
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In other news, CEO Nicholas Coe sold 39,839 shares of the business’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 transaction, the chief executive officer now directly owns 75,658 shares in the company, valued at approximately $3,698,163.04. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 16.45% of the company’s stock.
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 approximately $129,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new position in L Brands during the first quarter valued at approximately $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 in 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 in the last quarter. Finally, Investors Asset Management of Georgia Inc. GA ADV boosted its position 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 in the last quarter. Institutional investors and hedge funds own 75.55% of the company’s stock.
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.
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