L Brands Inc (LB) Trying to Recover from Downgrade, Poor Guidance

Posted February 27, 2017

Finally, Wells Fargo & Co reiterated a "hold" rating on shares of L Brands in a report on Thursday. Citigroup Inc. upgraded shares of L Brands from a neutral rating to a buy rating and increased their price target for the stock from $74.00 to $84.00 in a research note on Monday, November 14th.

L Brands, Inc. (NYSE:LB) - Equities research analysts at Jefferies Group issued their Q1 2018 earnings per share (EPS) estimates for shares of L Brands in a research note issued on Thursday. 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.

Telsey Advisory Group gave the share price of L Brands Inc a price target of 60 meaning the broker expects a potential upside of 22.6% from L Brands Inc's current market price of 48.94. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the company. L Brands has an average rating of "Hold" and a consensus target price of $72.98. The figure topped the $1.90 per share that analysts polled by Thomson Reuters were projecting. The company has a 50 day moving average price of $59.18 and a 200 day moving average price of $68.49. L Brands has a 12-month low of $47.93 and a 12-month high of $88.77. 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.

L Brands (NYSE:LB) last issued its quarterly earnings data on Wednesday, November 16th. The firm earned $4.49 billion during the quarter, compared to analysts' expectations of $4.51 billion.

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.

However, revenue was slightly underwhelming as L Brands raked in $4.49 billion over the course of its holiday period. The company's quarterly revenue was up 4.0% compared to the same quarter a year ago. For the year, earnings will be between $3.05 and $3.35 per share, which is weaker than the analyst projection of $3.75.

After harassment by moral police on Valentine's Day, Kerala youth hangs self
The man and his female friend were accosted by a group of five unidentified men near a beach in Kollam on February 14. They are seen asking them uncomfortable questions after which the the couple pleaded the men to let them go.

Donald Trump vows military build-up in feisty speech at conservative summit
But a White House official later corrected their version of events to confirm what the law enforcement official described. He followed that up at his CPAC speech, saying journalists should not be allowed to use anonymous sources . "Nobody.

IN authorities hope slain girl's audio recording will lead to her killer
Police have released only a still image from the video and a loop of the words " Down the hill " in repetition. The FBI is offering $41,000 as a reward for information that may help solve the case, according to WXIN.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 3rd. The ex-dividend date of this dividend is Wednesday, February 15th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.71%. Dunkin' Brands Group's dividend payout ratio (DPR) is now 85.11%.

This news story was originally published by BBNS and is the sole property of of BBNS. If you are viewing this report on another site, it was stolen and reposted in violation of US & worldwide trademark & copyright law. The original version of this piece can be accessed at https://www.thecerbatgem.com/2017/02/26/l-brands-inc-lb-receives-neutral-rating-from-wedbush.html.

Over the last twelve months shares in L Brands Inc have decreased by -39.01% from 80.24 to 48.94. Three Peaks Capital Management LLC raised its stake in shares of L Brands by 3.3% in the third quarter. The fund purchased 135,000 shares of the company's stock, valued at approximately $7,031,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in shares of L Brands during the fourth quarter worth approximately $115,157,000. 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. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of L Brands by 0.4% in the fourth quarter. NN Investment Partners Holdings N.V. now owns 823,870 shares of the company's stock worth $54,244,000 after buying an additional 822,387 shares during the last quarter. BlackRock Japan Co. Ltd raised its stake in shares of L Brands by 1.0% in the third quarter. CAM Group Holding A S now owns 3,669,206 shares of the company's stock valued at $246,314,000 after buying an additional 89,166 shares in the last quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company.

L Brands is preparing for steep losses in the near-future, specifically across its Victoria's Secret brand.

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.