Analysts at B.Riley FBR Reiterated their Past ‘”Buy”’ rating on Shares L Brands (NYSE:LB), Set a $49.0000 Price Target

June 8, 2018 - By Tina Thibodeau

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 turned negative, 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.

Farmers & Merchants Investments Incorporated holds 125 shares or 0% of its portfolio. National Bank & Trust Of Montreal Can, Ontario – Canada-based fund reported 129,813 shares. Cadence Capital Ltd Llc holds 17,127 shares. Moody Savings Bank Division reported 5,726 shares. Banque Pictet & Cie Sa invested 0.01% of its portfolio in L Brands, Inc. (NYSE:LB). Horizon Kinetics Limited Co holds 0.01% or 12,552 shares. Gam Ag reported 71,000 shares. Peak6 L P reported 0.01% of its portfolio in L Brands, Inc. (NYSE:LB). 474,309 were accumulated by Citadel Advisors Limited Co. 512 were reported by Alphaone Limited Liability. First Citizens Bankshares And Trust stated it has 0.05% of its portfolio in L Brands, Inc. (NYSE:LB). Fifth Third Bank & Trust has 18,299 shares for 0% of their portfolio. Amica Pension Fund Board Of Trustees holds 9,718 shares. Proshare Advsr owns 49,891 shares or 0.01% of their US portfolio. United Service Automobile Association owns 232,158 shares or 0.02% of their US portfolio.

L Brands (NYSE:LB) Rating Reaffirmed

In an analyst note revealed to investors on Thursday morning, The “Buy” rating of L Brands (NYSE:LB) shares was reiterated by Analysts at B.Riley FBR, who now has a $49.0000 target on the stock. B.Riley FBR’s target would suggest a possible upside of 30.49 % from the last close price of the company.

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. On Wednesday, February 7 the stock rating was upgraded by Northcoast to “Buy”. BMO Capital Markets maintained the stock with “Hold” rating in Tuesday, December 19 report. The firm has “Overweight” rating by Morgan Stanley given on Friday, May 25. Loop Capital Markets maintained the stock with “Sell” rating in Thursday, May 24 report. As per Thursday, February 8, the company rating was maintained by Piper Jaffray. Deutsche Bank maintained the stock with “Buy” rating in Thursday, May 24 report. The stock of L Brands, Inc. (NYSE:LB) has “Hold” rating given on Wednesday, January 10 by Piper Jaffray. The stock has “Buy” rating by RBC Capital Markets on Thursday, April 26. The rating was maintained by Morgan Stanley on Friday, March 2 with “Overweight”. The rating was maintained by FBR Capital on Thursday, January 4 with “Buy”.

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 $92.00 million 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: Digitaljournal.com which released: “NYSE:LB Investor Alert: Investigation over Potential Wrongdoing at L Brands, Inc” on June 05, 2018, also Seekingalpha.com with their article: “L Brands: What Can Go Right?” published on May 23, 2018, Globenewswire.com published: “L Brands Reports First Quarter Earnings” on May 23, 2018. More interesting news about L Brands, Inc. (NYSE:LB) were released by: Globenewswire.com and their article: “L Brands Reports May 2018 Sales” published on June 06, 2018 as well as 247Wallst.com‘s news article titled: “Why L Brands Earnings Fell Flat” with publication date: May 24, 2018.

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

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