Piper Jaffray Companies Reiterates “Neutral” Rating for L Brands (LB)
Other analysts have also recently issued research reports about the stock. Wolfe Research increased their price target on shares of L Brands from $48.00 to $53.00 and gave the stock a peer perform rating in a research report on Monday, February 12th. Scotiabank reissued a hold rating and set a $67.00 price target on shares of L Brands in a research report on Wednesday, November 22nd. Telsey Advisory Group reissued an outperform rating and set a $64.00 price target (up previously from $60.00) on shares of L Brands in a research report on Tuesday, November 28th. Cowen reissued a hold rating and set a $49.00 price target on shares of L Brands in a research report on Thursday, February 8th. Finally, Robert W. Baird set a $60.00 price target on shares of L Brands and gave the stock a hold rating in a research report on Thursday, December 28th. Six equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and eleven 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 $50.58.
Shares of L Brands (LB) traded up $0.86 on Thursday, hitting $43.35. 7,900,000 shares of the stock traded hands, compared to its average volume of 4,593,153. The firm has a market capitalization of $12,236.19, a PE ratio of 13.46, a PEG ratio of 1.16 and a beta of 0.59. L Brands has a 1-year low of $35.00 and a 1-year high of $63.10. The company has a debt-to-equity ratio of -5.10, a current ratio of 1.45 and a quick ratio of 0.60.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Friday, February 23rd will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $2.40 dividend on an annualized basis and a yield of 5.54%. L Brands’s payout ratio is currently 69.77%.
A number of hedge funds have recently added to or reduced their stakes in the business. HPM Partners LLC raised its holdings in L Brands by 16.0% during the fourth quarter. HPM Partners LLC now owns 8,274 shares of the specialty retailer’s stock worth $498,000 after purchasing an additional 1,143 shares in the last quarter. Profund Advisors LLC raised its holdings in L Brands by 17.9% during the fourth quarter. Profund Advisors LLC now owns 8,261 shares of the specialty retailer’s stock worth $497,000 after purchasing an additional 1,257 shares in the last quarter. Meadow Creek Investment Management LLC raised its holdings in L Brands by 14.6% during the fourth quarter. Meadow Creek Investment Management LLC now owns 9,912 shares of the specialty retailer’s stock worth $597,000 after purchasing an additional 1,260 shares in the last quarter. Hartford Investment Management Co. raised its holdings in L Brands by 1.5% during the third quarter. Hartford Investment Management Co. now owns 84,019 shares of the specialty retailer’s stock worth $3,496,000 after purchasing an additional 1,271 shares in the last quarter. Finally, Hennessy Advisors Inc. raised its holdings in L Brands by 3.9% during the third quarter. Hennessy Advisors Inc. now owns 34,500 shares of the specialty retailer’s stock worth $1,436,000 after purchasing an additional 1,300 shares in the last quarter. 80.36% of the stock is currently owned by institutional investors.
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L Brands Company Profile
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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