Wedbush Reiterates "Neutral" Rating for L Brands, Inc. (LB)
(NYSE:LB) in a research note issued to investors on Sunday morning. They presently have a $47.00 target price on the stock, down from their prior target price of $60.00.
A number of other brokerages also recently weighed in on LB.
L Brands, Inc. (NYSE:LB) - Analysts at KeyCorp decreased their Q1 2018 earnings per share estimates for shares of L Brands in a research report issued on Thursday. Stifel Nicolaus dropped their price objective on shares of L Brands from $90.00 to $85.00 and set a "buy" rating on the stock in a report on Tuesday, November 1st. Vetr cut shares of L Brands from a "strong-buy" rating to a "buy" rating and set a $68.74 price target on the stock.in a research note on Wednesday, January 18th. Jefferies Group LLC set a $50.00 target price on L Brands and gave the company a "sell" rating in a research report on Tuesday, December 6th. Three equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. L Brands now has a consensus rating of "Hold" and an average target price of $68.92.
Mizuho Securities bumped down the target of L Brands (NYSE:LB) to $51.00 stating a potential upside of 0.04%. 1,409,433 shares of the stock were exchanged.
L Brands now expects to report a mid-to-high-teens decrease in February comp sales, below expectations for a mid-single digit decrease, reflecting a 20% decline at Victoria's Secret and a mid-single digit decline at Bath & Body Works. The Stock now has the market capitalization of $13.99 Billion, P/E (price to earnings ttm) of 12.4 and Weekly volatility of 3.15% and monthly volatility of 2.66% respectively. The stock's 50 day moving average is $62.52 and its 200 day moving average is $69.93.
Dunkin' Brands Group (NASDAQ:DNKN) last released its quarterly earnings data on Thursday, October 20th. The company reported $2.03 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.90 by $0.13. L Brands had a negative return on equity of 137.81% and a net margin of 9.31%. (NYSE:LB) reported its EPS in the last quarter as $2.03/Share beating the analyst estimate of $1.9/Share by the difference of $0.13. The company's quarterly revenue was down 1.3% compared to the same quarter a year ago. The company's quarterly revenue was up 2.1% compared to the same quarter previous year.
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The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 3rd. Stockholders of record on Monday, November 21st were paid a $0.30 dividend. Wall Street was calling for net sales of $4.51 billion on an average basis. The ex-dividend date is Wednesday, February 15th. L Brands's dividend payout ratio is now 60.61%.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Dunkin' Brands Group comprises 2.0% of Tricadia Capital Management LLC's holdings, making the stock its 18th largest position. Azimuth Capital Management LLC now owns 3,100 shares of the company's stock valued at $204,000 after buying an additional 100 shares during the last quarter. Baird Financial Group Inc. now owns 3,177 shares of the company's stock valued at $209,000 after buying an additional 34 shares during the period. Amica Retiree Medical Trust purchased a new position in shares of L Brands during the third quarter valued at approximately $106,000. TIAA CREF Investment Management LLC raised its stake in shares of L Brands by 1.5% in the third quarter. The fund purchased 135,000 shares of the company's stock, valued at approximately $7,031,000. Finally, CAM Group Holding A S boosted its position in shares of L Brands by 2.5% in the second quarter.
L Brands, Inc. has 1 year price target of $67.56.
Despite a fragile outlook, L Brands said it is focused on its investment in China, as well as in real estate for Victoria's Secret and Bath & Body Works.
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