L Brands' (LB) Neutral Rating Reaffirmed at Wedbush
Stifel Nicolaus restated a "buy" rating and issued a $80.00 price target on shares of L Brands in a research report on Sunday, December 4th. (NYSE:LB) in a research note issued to investors on Sunday morning. Jefferies Group now has a "Underperform" rating and a $40.00 price target on the stock.
Other equities research analysts have also recently issued research reports about the stock. Four equity analysts rating the company a strong buy, seven equity analysts rating the company a buy, twenty-two equity analysts rating the company a hold, one equity analyst rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $70.43. Finally, Oppenheimer Holdings, Inc. set a $75.00 price target on shares of L Brands and gave the company a "buy" rating in a research note on Wednesday, February 8th. The company has an average rating of Hold and a consensus price target of $68.32.
Mizuho Securities bumped down the target of L Brands (NYSE:LB) to $51.00 stating a potential upside of 0.04%. 10,707,282 shares of the stock were exchanged. Dunkin' Brands Group Inc. has a 1-year low of $36.44 and a 1-year high of $56.13. The firm has a market cap of $14.58 billion, a price-to-earnings ratio of 12.81 and a beta of 0.82. The stock's 50 day moving average is $62.52 and its 200 day moving average is $69.93.
L Brands (NYSE:LB) last posted its quarterly earnings data on Wednesday, February 22nd. For the Current Quarter, 25 analysts are projecting the mean EPS to be $0.61/share.
L Brands reported that Q4 operating income decreased 8% to $987.6 million over the year-ago period, and net income was $631.7 million, down from $636 million last year. The company reported $2.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.90 by $0.13. The company's net income was $631.7 million compared to $636 million past year.
For the quarter ended January 28, 2017, net sales were $4.489 billion, an increase of 2% compared to $4.395 billion for the quarter ended January 30, 2016. For the year, earnings will be between $3.05 and $3.35 per share, which is weaker than the analyst projection of $3.75.
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The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 3rd. Shareholders of record on Friday, February 17th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.71%. The ex-dividend date is Wednesday, February 15th. L Brands' guidance, however, left something to be desired.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Three Peaks Capital Management LLC raised its stake in shares of L Brands by 3.3% in the third quarter. Miles Capital Inc. now owns 27,134 shares of the company's stock valued at $1,787,000 after buying an additional 21,938 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in shares of L Brands by 10.1% in the fourth quarter. NEXT Financial Group Inc now owns 3,058 shares of the company's stock valued at $159,000 after buying an additional 227 shares in the last quarter. Numeric Investors LLC bought a new stake in shares of L Brands during the fourth quarter valued at $593,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,770 shares of the company's stock valued at $907,000 after buying an additional 50 shares during the period. TIAA CREF Investment Management LLC now owns 667,246 shares of the company's stock valued at $47,221,000 after buying an additional 9,734 shares in the last quarter.
L Brands, Inc. has 1 year price target of $67.56.
Last year, as L Brands began to lose its sparkle - particularly at its Victoria's Secret lingerie brand - the company announced it would streamline its categories to focus on three areas that would most appeal to millennial shoppers: Beauty, bras and its Pink youth brand. The Company operates through three segments: Victoria's Secret, Bath & Body Works, and Victoria's Secret and Bath & Body Works International.
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The company has a market cap of $3,229 million and the number of outstanding shares has been calculated to be 236,365,220 shares. The company reported ($0.17) earnings per share for the quarter, beating analysts' consensus estimates of ($0.19) by $0.02.
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