According to this price target, it now means the analyst believes there is a potential increase of 6.08% from the company's current share price of 49.02.
Other equities research analysts have also recently issued research reports about the stock.
UBS Securities noted a target price of 52 on L Brands Inc's shares.
Today there are 285,955,000 shares in issue of L Brands Inc which are now trading at 49.02 which brings the business's market capitalisation to 14.02B United States dollars. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of "Hold" and a consensus target price of $68.32.
L Brands (NYSE:LB) opened at 50.99 on Friday. Quadrant Capital Group LLC now owns 2,365 shares of the company's stock valued at $161,000 after buying an additional 139 shares during the last quarter. The highest share price NYSE:LB shares have reached in the prior twelve months is 88.77 with the lowest being 47.93. The stock is now moving above its 20-Day Simple Moving Average of -21.49% with the 50-Day Simple Moving Average of -21.49 percent. The company has a market cap of $14.58 billion, a price-to-earnings ratio of 12.81 and a beta of 0.82.
L Brands (NYSE:LB) last released its quarterly earnings results on Wednesday, February 22nd. (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 business earned $4.49 billion during the quarter, compared to analyst estimates of $4.51 billion. Dunkin' Brands Group had a negative return on equity of 95.96% and a net margin of 15.98%. During the same period a year ago, the company posted $2.15 EPS. During the same quarter previous year, the company earned $2.15 EPS.
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 given a $0.60 dividend. The ex-dividend date was Thursday, November 17th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.71%.
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L Brands, Inc.is now showing -1.3% EPS growth this year.
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Several hedge funds have recently modified their holdings of the stock. IFP Advisors Inc now owns 2,663 shares of the company's stock valued at $116,000 after buying an additional 812 shares in the last quarter. Three Peaks Capital Management LLC now owns 73,364 shares of the company's stock valued at $5,192,000 after buying an additional 2,364 shares in the last quarter. Jackson Square Partners LLC raised its position in shares of L Brands by 39.0% in the second quarter. Thrivent Financial for Lutherans now owns 85,287 shares of the company's stock valued at $5,616,000 after buying an additional 7,800 shares in the last quarter. First Trust Advisors LP raised its stake in shares of L Brands by 23.3% in the third quarter. NN Investment Partners Holdings N.V. raised its position in shares of L Brands by 55,454.3% in the fourth quarter. 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 boosted its position in shares of L Brands by 1.5% in the third quarter. Institutional investors own 74.20% of the company's stock.
L Brands is preparing for steep losses in the near-future, specifically across its Victoria's Secret brand.
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.
Looking ahead, the company expects the exit of these categories at Victoria's Secret, continued investment in China and investment in real estate at Victoria's Secret and Bath & Body Works to continue taking their toll.