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.

ILLEGAL ACTIVITY WARNING: “L Brands, Inc. (LB) Rating Lowered to Sell at BidaskClub” was originally published by Watch List News and is owned by of Watch List News. If you are viewing this story on another domain, it was stolen and reposted in violation of US & international copyright and trademark law. The legal version of this story can be read at https://www.watchlistnews.com/l-brands-inc-lb-rating-lowered-to-sell-at-bidaskclub/1465698.html.

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.

Analyst Recommendations for L Brands (NYSE:LB)

Receive News & Ratings for L Brands Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for L Brands Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.