L Brands (LB) Receives “Buy” Rating from Robert W. Baird

L Brands (NYSE:LB)‘s stock had its “buy” rating reissued by investment analysts at Robert W. Baird in a research note issued to investors on Thursday. They presently have a $55.00 price target on the specialty retailer’s stock. Robert W. Baird’s price objective points to a potential upside of 52.02% from the company’s current price.

LB has been the subject of several other research reports. Credit Suisse Group assumed coverage on shares of L Brands in a research note on Monday, March 12th. They issued a “neutral” rating and a $45.00 price objective for the company. Zacks Investment Research cut shares of L Brands from a “hold” rating to a “strong sell” rating in a research report on Wednesday. Guggenheim restated a “hold” rating on shares of L Brands in a research report on Thursday. Scotiabank restated a “hold” rating and issued a $59.00 target price on shares of L Brands in a research report on Wednesday, January 17th. Finally, Citigroup restated a “hold” rating and issued a $58.00 target price on shares of L Brands in a research report on Friday, January 5th. Seven equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and eleven have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $49.37.

Shares of L Brands stock opened at $36.18 on Thursday. L Brands has a twelve month low of $35.00 and a twelve month high of $63.10. The company has a quick ratio of 1.01, a current ratio of 1.62 and a debt-to-equity ratio of -7.60. The stock has a market capitalization of $10,700.67, a price-to-earnings ratio of 11.31, a price-to-earnings-growth ratio of 1.04 and a beta of 0.78.



L Brands (NYSE:LB) last issued its quarterly earnings data on Wednesday, February 28th. The specialty retailer reported $2.11 earnings per share for the quarter, topping the consensus estimate of $2.05 by $0.06. L Brands had a net margin of 7.78% and a negative return on equity of 101.69%. The business had revenue of $4.82 billion during the quarter, compared to analysts’ expectations of $4.72 billion. During the same quarter in the previous year, the company earned $2.03 EPS. The business’s revenue was up 7.4% on a year-over-year basis. equities research analysts expect that L Brands will post 3.17 EPS for the current fiscal year.

L Brands announced that its Board of Directors has initiated a stock repurchase plan on Thursday, March 8th that authorizes the company to buyback $226.90 million in outstanding shares. This buyback authorization authorizes the specialty retailer to repurchase shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s management believes its stock is undervalued.

In other L Brands news, CFO Stuart B. Burgdoerfer sold 33,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $42.53, for a total transaction of $1,403,490.00. Following the sale, the chief financial officer now directly owns 69,640 shares of the company’s stock, valued at approximately $2,961,789.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Stuart B. Burgdoerfer sold 17,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 21st. The stock was sold at an average price of $39.56, for a total transaction of $672,520.00. Following the sale, the chief financial officer now directly owns 52,640 shares in the company, valued at $2,082,438.40. The disclosure for this sale can be found here. Insiders own 16.68% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of LB. Dimensional Fund Advisors LP grew its holdings in L Brands by 7.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 515,613 shares of the specialty retailer’s stock worth $21,459,000 after acquiring an additional 36,547 shares during the last quarter. Stifel Financial Corp grew its holdings in L Brands by 51.1% during the 3rd quarter. Stifel Financial Corp now owns 16,688 shares of the specialty retailer’s stock worth $694,000 after acquiring an additional 5,644 shares during the last quarter. Allianz Asset Management GmbH bought a new stake in L Brands during the 3rd quarter worth approximately $206,000. Chevy Chase Trust Holdings Inc. grew its holdings in L Brands by 4.8% during the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 219,402 shares of the specialty retailer’s stock worth $9,129,000 after acquiring an additional 10,077 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. grew its holdings in L Brands by 3.4% during the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 42,840 shares of the specialty retailer’s stock worth $1,782,000 after acquiring an additional 1,395 shares during the last quarter. 81.06% of the stock is currently owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION WARNING: This piece of content was reported by Dakota Financial News and is the property of of Dakota Financial News. If you are reading this piece of content on another publication, it was stolen and republished in violation of U.S. and international trademark and copyright laws. The correct version of this piece of content can be viewed at https://dakotafinancialnews.com/2018/04/14/l-brands-lb-receives-buy-rating-from-robert-w-baird.html.

L Brands Company Profile

L Brands, Inc operates as a specialty retailer of women's intimate and other apparel, beauty and personal care products, and accessories. The company operates in three segments: Victoria's Secret, Bath & Body Works, and Victoria's Secret and Bath & Body Works International. Its products include loungewear, bras, panties, swimwear, athletic attire, fragrances, shower gels and lotions, aromatherapy, soaps and sanitizers, home fragrances, handbags, jewelry, and personal care accessories.

Analyst Recommendations for L Brands (NYSE:LB)

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



Leave a Reply