L Brands (LB) Shares Gap Down to $22.43

Shares of L Brands Inc (NYSE:LB) gapped down before the market opened on Tuesday . The stock had previously closed at $21.62, but opened at $22.43. L Brands shares last traded at $22.55, with a volume of 201673 shares.

A number of analysts recently weighed in on LB shares. Zacks Investment Research lowered shares of L Brands from a “buy” rating to a “hold” rating in a report on Monday, February 4th. Wells Fargo & Co set a $42.00 target price on shares of L Brands and gave the stock a “buy” rating in a report on Thursday, February 28th. Jefferies Financial Group decreased their target price on shares of L Brands from $21.00 to $16.00 in a report on Thursday, February 28th. B. Riley set a $41.00 target price on shares of L Brands and gave the stock a “buy” rating in a report on Thursday, February 28th. Finally, Barclays raised shares of L Brands from an “equal weight” rating to an “overweight” rating and set a $31.00 target price on the stock in a report on Friday, March 1st. Four research analysts have rated the stock with a sell rating, fifteen have given a hold rating and ten have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $33.35.

The firm has a market cap of $6.13 billion, a P/E ratio of 7.96, a price-to-earnings-growth ratio of 0.86 and a beta of 0.51.

L Brands (NYSE:LB) last released its earnings results on Wednesday, February 27th. The specialty retailer reported $2.14 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.06 by $0.08. L Brands had a net margin of 4.86% and a negative return on equity of 73.73%. The company had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.90 billion. During the same quarter last year, the firm earned $2.11 EPS. The firm’s quarterly revenue was up .6% compared to the same quarter last year. Equities analysts forecast that L Brands Inc will post 2.36 EPS for the current year.

Several hedge funds have recently added to or reduced their stakes in LB. Kwmg LLC boosted its position in L Brands by 6.2% during the 4th quarter. Kwmg LLC now owns 74,293 shares of the specialty retailer’s stock valued at $1,907,000 after buying an additional 4,309 shares during the period. Susquehanna Fundamental Investments LLC boosted its position in L Brands by 245.1% during the 4th quarter. Susquehanna Fundamental Investments LLC now owns 195,300 shares of the specialty retailer’s stock valued at $5,013,000 after buying an additional 138,702 shares during the period. American International Group Inc. boosted its position in L Brands by 25.4% during the 4th quarter. American International Group Inc. now owns 12,224,858 shares of the specialty retailer’s stock valued at $313,812,000 after buying an additional 2,472,416 shares during the period. Exane Derivatives boosted its position in L Brands by 11.5% during the 1st quarter. Exane Derivatives now owns 139,415 shares of the specialty retailer’s stock valued at $3,844,000 after buying an additional 14,350 shares during the period. Finally, CSat Investment Advisory L.P. boosted its position in L Brands by 31.8% during the 4th quarter. CSat Investment Advisory L.P. now owns 42,531 shares of the specialty retailer’s stock valued at $1,092,000 after buying an additional 10,271 shares during the period. 71.24% of the stock is currently owned by institutional investors.

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About L Brands (NYSE:LB)

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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