L Brands (NYSE:LB) was upgraded by analysts at KeyCorp from an “underweight” rating to a “sector weight” rating in a research note issued on Thursday, The Fly reports.

A number of other research analysts also recently commented on LB. Morgan Stanley reaffirmed an “equal weight” rating and issued a $32.00 target price (down from $56.00) on shares of L Brands in a research report on Friday, August 24th. Zacks Investment Research downgraded shares of L Brands from a “hold” rating to a “sell” rating in a research report on Tuesday, August 7th. Barclays set a $31.00 target price on shares of L Brands and gave the company a “hold” rating in a research report on Thursday, October 18th. B. Riley dropped their target price on shares of L Brands from $49.00 to $44.00 and set a “buy” rating on the stock in a research report on Thursday, August 23rd. Finally, Telsey Advisory Group dropped their target price on shares of L Brands from $36.00 to $31.00 and set a “market perform” rating on the stock in a research report on Friday, August 24th. Three investment analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $37.02.

Shares of NYSE:LB traded up $1.86 during trading hours on Thursday, reaching $36.71. The stock had a trading volume of 685,403 shares, compared to its average volume of 4,987,621. L Brands has a 1 year low of $25.89 and a 1 year high of $63.10. The company has a market cap of $9.51 billion, a PE ratio of 11.47, a P/E/G ratio of 1.20 and a beta of 0.33.

L Brands (NYSE:LB) last announced its quarterly earnings data on Wednesday, August 22nd. The specialty retailer reported $0.36 EPS for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.02. L Brands had a net margin of 6.87% and a negative return on equity of 84.14%. The company had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $2.92 billion. During the same period in the prior year, the firm posted $0.48 EPS. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. As a group, research analysts expect that L Brands will post 2.51 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of LB. Steward Partners Investment Advisory LLC lifted its stake in shares of L Brands by 23.7% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 8,231 shares of the specialty retailer’s stock worth $304,000 after acquiring an additional 1,578 shares during the period. Malaga Cove Capital LLC lifted its stake in shares of L Brands by 3.2% in the 3rd quarter. Malaga Cove Capital LLC now owns 51,559 shares of the specialty retailer’s stock worth $1,573,000 after acquiring an additional 1,603 shares during the period. Kovack Advisors Inc. lifted its stake in shares of L Brands by 15.7% in the 2nd quarter. Kovack Advisors Inc. now owns 11,836 shares of the specialty retailer’s stock worth $437,000 after acquiring an additional 1,604 shares during the period. Cambridge Investment Research Advisors Inc. lifted its stake in shares of L Brands by 14.3% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 13,244 shares of the specialty retailer’s stock worth $401,000 after acquiring an additional 1,661 shares during the period. Finally, Norinchukin Bank The lifted its stake in shares of L Brands by 5.8% in the 3rd quarter. Norinchukin Bank The now owns 31,785 shares of the specialty retailer’s stock worth $963,000 after acquiring an additional 1,734 shares during the period. Hedge funds and other institutional investors own 73.47% of the company’s stock.

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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