L Brands (NYSE:LB)‘s stock had its “sell” rating reiterated by Jefferies Financial Group in a research report issued on Thursday, The Fly reports. Jefferies Financial Group also issued estimates for L Brands’ Q4 2019 earnings at $1.74 EPS and FY2020 earnings at $1.80 EPS.

Several other research firms have also recently issued reports on LB. B. Riley cut their price target on shares of L Brands from $49.00 to $44.00 and set a “buy” rating for the company in a report on Thursday. Robert W. Baird cut their price target on shares of L Brands from $45.00 to $40.00 and set an “outperform” rating for the company in a report on Thursday. Bank of America cut their price target on shares of L Brands from $29.00 to $26.00 and set an “underperform” rating for the company in a report on Thursday. UBS Group cut their price target on shares of L Brands from $32.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday. Finally, Wells Fargo & Co set a $30.00 price target on shares of L Brands and gave the stock a “hold” rating in a report on Thursday. Six research analysts have rated the stock with a sell rating, eighteen have given a hold rating and ten have given a buy rating to the company’s stock. L Brands presently has an average rating of “Hold” and an average target price of $37.59.

Shares of NYSE:LB opened at $27.62 on Thursday. L Brands has a one year low of $27.30 and a one year high of $63.10. The company has a debt-to-equity ratio of -5.90, a current ratio of 1.56 and a quick ratio of 0.83. The stock has a market capitalization of $9.01 billion, a PE ratio of 11.05, a price-to-earnings-growth ratio of 1.03 and a beta of 0.58.

L Brands (NYSE:LB) last announced its earnings results on Wednesday, August 22nd. The specialty retailer reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.02. L Brands had a net margin of 6.87% and a negative return on equity of 88.04%. The business had revenue of $2.98 billion during the quarter, compared to analysts’ expectations of $2.92 billion. During the same period in the prior year, the company earned $0.48 earnings per share. The business’s revenue was up 8.3% compared to the same quarter last year. sell-side analysts predict that L Brands will post 2.6 EPS for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of LB. The Manufacturers Life Insurance Company grew its position in L Brands by 821.6% during the first quarter. The Manufacturers Life Insurance Company now owns 2,707,103 shares of the specialty retailer’s stock worth $103,438,000 after buying an additional 2,413,375 shares during the period. BlackRock Inc. grew its position in L Brands by 10.7% during the first quarter. BlackRock Inc. now owns 21,861,287 shares of the specialty retailer’s stock worth $835,321,000 after buying an additional 2,107,414 shares during the period. Makaira Partners LLC grew its position in L Brands by 235.5% during the first quarter. Makaira Partners LLC now owns 2,523,582 shares of the specialty retailer’s stock worth $96,426,000 after buying an additional 1,771,382 shares during the period. Millennium Management LLC grew its position in L Brands by 499.8% during the first quarter. Millennium Management LLC now owns 1,135,675 shares of the specialty retailer’s stock worth $43,394,000 after buying an additional 946,326 shares during the period. Finally, Fosun International Ltd acquired a new position in L Brands during the first quarter worth about $32,222,000. Institutional investors own 72.90% 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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