L Brands (NYSE:LB) Trading 6.1% Higher

Shares of L Brands Inc (NYSE:LB) traded up 6.1% during trading on Thursday . The company traded as high as $26.52 and last traded at $26.32. 9,312,007 shares traded hands during trading, an increase of 98% from the average session volume of 4,708,424 shares. The stock had previously closed at $24.80.

A number of analysts have commented on the stock. Zacks Investment Research lowered shares of L Brands from a “hold” rating to a “sell” rating in a research note on Monday, May 13th. UBS Group boosted their price target on shares of L Brands from $26.00 to $28.00 and gave the company a “neutral” rating in a research note on Wednesday, April 10th. Wells Fargo & Co set a $35.00 price target on shares of L Brands and gave the company an “outperform” rating in a research note on Thursday, May 23rd. Bank of America set a $30.00 price target on shares of L Brands and gave the company a “hold” rating in a research note on Thursday, May 23rd. Finally, Loop Capital decreased their price target on shares of L Brands to $20.00 and set a “sell” rating for the company in a research note on Wednesday, May 15th. Four research analysts have rated the stock with a sell rating, fifteen have given a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $31.96.

The stock has a market capitalization of $7.24 billion, a PE ratio of 9.26, a PEG ratio of 0.99 and a beta of 0.58. The stock has a fifty day simple moving average of $23.32.

L Brands (NYSE:LB) last posted its quarterly earnings data on Wednesday, May 22nd. The specialty retailer reported $0.14 earnings per share (EPS) for the quarter. The firm had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.56 billion. L Brands had a net margin of 4.81% and a negative return on equity of 74.29%. The business’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.17 EPS. Sell-side analysts predict that L Brands Inc will post 2.41 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.60%. The ex-dividend date was Thursday, May 30th. L Brands’s dividend payout ratio (DPR) is currently 42.55%.

Several large investors have recently modified their holdings of LB. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of L Brands by 11.1% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 14,710 shares of the specialty retailer’s stock worth $378,000 after buying an additional 1,466 shares during the last quarter. LPL Financial LLC boosted its holdings in shares of L Brands by 12.3% in the 4th quarter. LPL Financial LLC now owns 48,055 shares of the specialty retailer’s stock worth $1,234,000 after buying an additional 5,251 shares during the last quarter. Acadian Asset Management LLC purchased a new position in shares of L Brands in the 4th quarter worth about $126,000. California Public Employees Retirement System boosted its holdings in shares of L Brands by 4.6% in the 4th quarter. California Public Employees Retirement System now owns 602,451 shares of the specialty retailer’s stock worth $15,465,000 after buying an additional 26,295 shares during the last quarter. Finally, BlackRock Inc. boosted its holdings in shares of L Brands by 2.6% in the 4th quarter. BlackRock Inc. now owns 21,445,945 shares of the specialty retailer’s stock worth $550,516,000 after buying an additional 535,348 shares during the last quarter. 69.08% of the stock is currently owned by institutional investors.

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.

Featured Story: What is a good rate of return for a mutual fund?

Receive News & Ratings for L Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for L Brands and related companies with MarketBeat.com's FREE daily email newsletter.