Breaking: L Brands (NYSE:LB) Neutral Rating Kept by Nomura Today; The Price Objective is Set to $30

September 8, 2018 - By Billy Entrekin

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 fall, 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.

Highbridge Capital Limited Liability Co has 0.02% invested in L Brands, Inc. (NYSE:LB). Bluemountain Mgmt Lc holds 0.03% of its portfolio in L Brands, Inc. (NYSE:LB) for 37,075 shares. 97,510 were reported by Arizona State Retirement. United Service Automobile Association holds 0.02% of its portfolio in L Brands, Inc. (NYSE:LB) for 232,158 shares. Cornerstone Advsr reported 0% in L Brands, Inc. (NYSE:LB). Janney Montgomery Scott Ltd Liability Corp stated it has 37,008 shares or 0.01% of all its holdings. Korea Invest stated it has 0.02% of its portfolio in L Brands, Inc. (NYSE:LB). Hl Financial Lc stated it has 15,820 shares or 0.01% of all its holdings. Cibc Asset has 0.01% invested in L Brands, Inc. (NYSE:LB) for 27,048 shares. The Australia-based Amp Investors has invested 0.01% in L Brands, Inc. (NYSE:LB). Envestnet Asset Mgmt holds 0% or 3,646 shares in its portfolio. Walleye Trading Ltd Com has invested 0.07% in L Brands, Inc. (NYSE:LB). Advisory Net Limited holds 0.02% of its portfolio in L Brands, Inc. (NYSE:LB) for 5,126 shares. Aviva Plc reported 117,754 shares. Susquehanna Int Gru Limited Liability Partnership reported 649,588 shares.

L Brands (NYSE:LB) Rating Reaffirmed

The company has just set a target price per share of $30 on L Brands (NYSE:LB) shares. This is 10.74 % from the last stock price. In a research note issued to clients on Friday morning, Nomura maintained their Neutral rating on shares of LB.

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

Among 20 analysts covering L Brands (NYSE:LB), 5 have Buy rating, 4 Sell and 11 Hold. Therefore 25% are positive. L Brands has $58.0 highest and $25 lowest target. $33.72’s average target is 24.47% above currents $27.09 stock price. L Brands had 31 analyst reports since March 9, 2018 according to SRatingsIntel. The stock has “Buy” rating by FBR Capital on Thursday, August 23. The stock has “Neutral” rating by UBS on Thursday, August 23. The firm has “Buy” rating given on Thursday, March 8 by FBR Capital. The firm earned “Neutral” rating on Thursday, May 24 by PiperJaffray. As per Friday, May 25, the company rating was maintained by FBR Capital. FBR Capital maintained L Brands, Inc. (NYSE:LB) on Thursday, June 7 with “Buy” rating. Credit Suisse maintained it with “Neutral” rating and $31 target in Thursday, August 23 report. Nomura maintained the stock with “Neutral” rating in Thursday, June 7 report. The firm earned “Underweight” rating on Monday, March 26 by KeyBanc Capital Markets. On Thursday, August 23 the stock rating was maintained by Bank of America with “Underperform”.

The stock increased 2.03% or $0.54 during the last trading session, reaching $27.09. About 8.68M shares traded or 68.74% up from the average. L Brands, Inc. (NYSE:LB) has declined 29.38% since September 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 November, 21. They expect $0.07 earnings per share, down 76.67 % or $0.23 from last year’s $0.3 per share. LB’s profit will be $19.40M for 96.75 P/E if the $0.07 EPS becomes a reality. After $0.36 actual earnings per share reported by L Brands, Inc. for the previous quarter, Wall Street now forecasts -80.56 % negative 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 $7.51 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 8.57 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 important recent L Brands, Inc. (NYSE:LB) news were published by: Seekingalpha.com which released: “Retail Woes Weigh On L Brands” on August 19, 2018, also Seekingalpha.com published article titled: “L Brands Is Undervalued”, Fool.com published: “Why You Should Be Cautious of L Brands” on September 01, 2018. More interesting news about L Brands, Inc. (NYSE:LB) was released by: Globenewswire.com and their article: “L Brands Reports August 2018 Sales” with publication date: September 06, 2018.

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

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