Analysts at B.Riley FBR Didn’t Change their Past ‘”Buy”’ rating on Shares L Brands (NYSE:LB), Set a $49.0000 Target Price per Share

June 8, 2018 - By Vivian Park

L Brands, Inc. (NYSE:LB) Logo

Investors sentiment decreased to 1.09 in 2018 Q1. Its down 0.09, from 1.18 in 2017Q4. It worsened, as 51 investors sold L Brands, Inc. shares while 141 reduced holdings. 73 funds opened positions while 136 raised stakes. 205.13 million shares or 6.28% less from 218.87 million shares in 2017Q4 were reported.

Suntrust Banks stated it has 7,483 shares. Moreover, Clinton Grp Inc has 0.08% invested in L Brands, Inc. (NYSE:LB) for 20,533 shares. Principal Financial Group Inc stated it has 370,046 shares or 0.01% of all its holdings. Haverford Trust reported 11,460 shares. Amica Pension Fund Board Of Trustees holds 9,718 shares or 0.05% of its portfolio. Gsa Cap Prns Llp holds 0.03% or 13,198 shares. Panagora Asset Mngmt Incorporated has invested 0% in L Brands, Inc. (NYSE:LB). California Pub Employees Retirement Sys owns 617,797 shares. 39,644 are held by Nuveen Asset Ltd. Sandy Spring Comml Bank stated it has 2,000 shares. Cadence Cap Mgmt Limited Liability Corporation holds 0.04% of its portfolio in L Brands, Inc. (NYSE:LB) for 17,127 shares. Hightower Lc reported 20,356 shares or 0.01% of all its holdings. Fjarde Ap has invested 0.04% in L Brands, Inc. (NYSE:LB). Mcf Advisors Lc reported 0% of its portfolio in L Brands, Inc. (NYSE:LB). Park Corp Oh invested in 0.02% or 7,147 shares.

L Brands (NYSE:LB) Rating Reaffirmed

The company has just set a price target of $49.0000 on L Brands (NYSE:LB) shares. This is 30.49 % from the close price. In analysts report revealed to investors and clients on 7 June, B.Riley FBR maintained their “Buy” rating on shares of LB.

L Brands, Inc. (NYSE:LB) Ratings Coverage

Among 24 analysts covering L Brands (NYSE:LB), 7 have Buy rating, 4 Sell and 13 Hold. Therefore 29% are positive. L Brands has $70 highest and $2600 lowest target. $43.76’s average target is 16.54% above currents $37.55 stock price. L Brands had 40 analyst reports since December 14, 2017 according to SRatingsIntel. The firm earned “Neutral” rating on Thursday, May 24 by Nomura. The rating was maintained by Piper Jaffray on Wednesday, January 10 with “Hold”. FBR Capital maintained L Brands, Inc. (NYSE:LB) rating on Friday, May 25. FBR Capital has “Buy” rating and $49 target. RBC Capital Markets maintained L Brands, Inc. (NYSE:LB) rating on Thursday, March 1. RBC Capital Markets has “Buy” rating and $52.0 target. The rating was downgraded by Telsey Advisory Group on Thursday, March 1 to “Market Perform”. BMO Capital Markets maintained the shares of LB in report on Friday, March 2 with “Market Perform” rating. The firm has “Overweight” rating given on Thursday, December 14 by Morgan Stanley. Citigroup upgraded the stock to “Buy” rating in Monday, May 14 report. As per Friday, April 13, the company rating was maintained by Credit Suisse. The firm has “Outperform” rating given on Tuesday, January 2 by Telsey Advisory Group.

The stock increased 1.24% or $0.46 during the last trading session, reaching $37.55. About 5.16 million shares traded or 6.20% up from the average. L Brands, Inc. (NYSE:LB) has declined 29.38% since June 8, 2017 and is downtrending. It has underperformed by 41.95% the S&P500.

Analysts await L Brands, Inc. (NYSE:LB) to report earnings on August, 15. They expect $0.33 EPS, down 31.25 % or $0.15 from last year’s $0.48 per share. LB’s profit will be $92.00M for 28.45 P/E if the $0.33 EPS becomes a reality. After $0.17 actual EPS reported by L Brands, Inc. for the previous quarter, Wall Street now forecasts 94.12 % EPS growth.

L Brands, Inc. operates as a specialty retailer of womenÂ’s intimate and other apparel, beauty and personal care products, and accessories. The company has market cap of $10.47 billion. The firm operates in three divisions: VictoriaÂ’s Secret, Bath & Body Works, and Victoria's Secret and Bath & Body Works International. It has a 10.98 P/E ratio. The Company’s products include loungewear, bras, panties, swimwear, athletic attire, fragrances, shower gels and lotions, aromatherapy, soaps and sanitizers, home fragrances, handbags, jewelry, and personal care accessories.

More notable recent L Brands, Inc. (NYSE:LB) news were published by: Seekingalpha.com which released: “L Brands: What Can Go Right?” on May 23, 2018, also Digitaljournal.com with their article: “NYSE:LB Investor Alert: Investigation over Potential Wrongdoing at L Brands, Inc” published on June 05, 2018, Globenewswire.com published: “L Brands Reports May 2018 Sales” on June 06, 2018. More interesting news about L Brands, Inc. (NYSE:LB) were released by: 247Wallst.com and their article: “Why L Brands Earnings Fell Flat” published on May 24, 2018 as well as Globenewswire.com‘s news article titled: “L Brands Reports First Quarter Earnings” with publication date: May 23, 2018.

L Brands, Inc. (NYSE:LB) Institutional Positions Chart

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