L Brands (NYSE:LB) Given New $15.00 Price Target at Telsey Advisory Group

L Brands (NYSE:LB) had its price objective upped by Telsey Advisory Group from $13.00 to $15.00 in a research report sent to investors on Friday, Briefing.com Automated Import reports. Telsey Advisory Group currently has a market perform rating on the specialty retailer’s stock.

Several other research analysts have also issued reports on the stock. B. Riley dropped their price target on shares of L Brands from $30.00 to $23.00 and set a buy rating for the company in a research report on Thursday, March 26th. Jefferies Financial Group reissued a sell rating and issued a $8.00 price target on shares of L Brands in a research report on Monday, March 30th. Morgan Stanley dropped their price objective on shares of L Brands from $14.00 to $13.00 and set an equal weight rating for the company in a report on Tuesday, May 12th. Barclays raised their price objective on shares of L Brands from $10.00 to $17.00 and gave the stock an equal weight rating in a report on Friday. Finally, Royal Bank of Canada dropped their price objective on shares of L Brands from $24.00 to $14.00 and set a sector perform rating for the company in a report on Wednesday, April 15th. Three investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $18.86.

NYSE:LB traded up $0.63 during mid-day trading on Friday, hitting $15.08. The company’s stock had a trading volume of 12,084,787 shares, compared to its average volume of 10,847,508. L Brands has a fifty-two week low of $8.00 and a fifty-two week high of $28.01. The company has a market capitalization of $4.00 billion, a price-to-earnings ratio of -5.94, a P/E/G ratio of 1.38 and a beta of 1.09. The stock has a fifty day moving average of $12.18 and a 200-day moving average of $17.36.

L Brands (NYSE:LB) last posted its quarterly earnings results on Wednesday, May 20th. The specialty retailer reported ($0.99) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.71) by ($0.28). L Brands had a negative return on equity of 26.37% and a negative net margin of 5.89%. The business had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.75 billion. During the same period last year, the company earned $0.14 EPS. The business’s revenue for the quarter was down 37.1% on a year-over-year basis. Sell-side analysts expect that L Brands will post 0.8 EPS for the current year.

A number of hedge funds have recently made changes to their positions in LB. Wealthfront Advisers LLC boosted its stake in L Brands by 28.6% in the fourth quarter. Wealthfront Advisers LLC now owns 59,186 shares of the specialty retailer’s stock valued at $1,072,000 after acquiring an additional 13,165 shares during the last quarter. J.W. Cole Advisors Inc. bought a new position in L Brands in the fourth quarter valued at approximately $245,000. Douglas Lane & Associates LLC boosted its stake in L Brands by 35.1% in the fourth quarter. Douglas Lane & Associates LLC now owns 1,718,639 shares of the specialty retailer’s stock valued at $31,142,000 after acquiring an additional 446,927 shares during the last quarter. Dupont Capital Management Corp boosted its stake in L Brands by 8.8% in the fourth quarter. Dupont Capital Management Corp now owns 7,800 shares of the specialty retailer’s stock valued at $141,000 after acquiring an additional 632 shares during the last quarter. Finally, California Public Employees Retirement System boosted its stake in L Brands by 16.8% in the fourth quarter. California Public Employees Retirement System now owns 502,663 shares of the specialty retailer’s stock valued at $9,108,000 after acquiring an additional 72,415 shares during the last quarter. 64.28% of the stock is currently owned by hedge funds and other institutional investors.

L Brands Company Profile

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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