They now have a $47.00 target price on the stock, down from their prior target price of $60.00. Wedbush's price target suggests a potential downside of 7.83% from the company's current price.
Other equities research analysts have also recently issued research reports about the stock. BMO Capital Markets set a $46.00 price objective on shares of Dunkin' Brands Group and gave the company a "hold" rating in a report on Thursday, October 20th. Four equity analysts rating the company a strong buy, seven equity analysts rating the company a buy, twenty-two equity analysts rating the company a hold, one equity analyst rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $70.43.
L Brands Inc has 285,955,000 shares outstanding at the moment which are trading around 48.94 bringing L Brands Inc's market capitalisation to 13.99B Dollars. FBR & Co dropped their price target on shares of L Brands to $69.00 in a research note on Thursday, November 17th. The company has a consensus rating of "Hold" and a consensus target price of $68.32. 10,707,282 shares of the stock were exchanged.
US Education Secretary Calls Obama Transgender Memo 'Overreach'
There has been a lot of misinformation circulated about Betsy DeVos , and I appreciate the chance to set the record straight. Despite calling Trump an "interloper", DeVos will definitely be a useful ally to President Trump within his administration.
L Brands, Inc. (NYSE:LB) topped its 52-week high price of $88.77 on Mar 18, 2016 and 52-Week Low Price of $47.93 on Feb 23, 2017. The company's 50-day moving average price is $52.06 and its 200 day moving average price is $48.62. The Stock now has the market capitalization of $13.99 Billion, P/E (price to earnings ttm) of 12.4 and Weekly volatility of 3.15% and monthly volatility of 2.66% respectively.
L Brands (NYSE:LB) last posted its earnings results on Wednesday, February 22nd. The firm earned $4.49 billion during the quarter, compared to analysts' expectations of $4.51 billion. Q4 net sales rose 2% over the year-ago period, up to $4.49 billion. The company's net income was $631.7 million compared to $636 million previous year. The company reported $2.03 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.90 by $0.13. Analysts expect that L Brands will post $3.41 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 3rd. Investors of record on Friday, February 17th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Wednesday, February 15th. Wall Street was calling for net sales of $4.51 billion on an average basis. L Brands' guidance, however, left something to be desired. If you are viewing this piece on another website, it was copied illegally and reposted in violation of USA and worldwide copyright and trademark laws. The correct version of this article can be read at https://www.chaffeybreeze.com/2017/02/26/wedbush-reiterates-neutral-rating-for-l-brands-inc-lb.html.
White House confirms chief of staff discussed Trump and Russian Federation with Federal Bureau of Investigation
And in the case of candidate Trump and president-elect and nominee Trump, he went right to the grassroots and brought you along. Spicer suggested that the White House still believes the FBI's handing of the matter was wrong.
A number of large investors have recently modified their holdings of the company. Stifel Nicolaus restated a "buy" rating and issued a $80.00 price target on shares of L Brands in a research report on Sunday, December 4th. Three Peaks Capital Management LLC now owns 73,364 shares of the company's stock valued at $5,192,000 after buying an additional 2,364 shares in the last quarter. Miles Capital Inc. raised its stake in shares of L Brands by 422.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 85,287 shares of the company's stock valued at $5,616,000 after buying an additional 7,800 shares in the last quarter. Amica Retiree Medical Trust purchased a new position in shares of L Brands during the third quarter valued at approximately $106,000. Thrivent Financial for Lutherans raised its stake in shares of L Brands by 10.1% in the fourth quarter. NN Investment Partners Holdings N.V. now owns 823,870 shares of the company's stock worth $54,244,000 after buying an additional 822,387 shares during the last quarter. NEXT Financial Group Inc raised its position in Dunkin' Brands Group by 8.0% in the third quarter. The Company now has Insider ownership of 15.45 Percent and Institutional Ownership of 77.2 Percent.
L Brands, Inc. operates specialty retail business.
Comparable store sales for the period were flat - an issue that the company blames on the exit of the swim and apparel categories across Victoria's Secret, which had a negative impact of two percentage points on total company sales, and 4 percentage points on Victoria's Secret same-store sales.
Reward increases as tips pour in to find in teens' killer
Roughly 1,900 of those tips were received after authorities released a voice recording that came from German's cell phone. Officers said a camera captured an image of their suspect between 1 p.m. and 3:30 p.m. on the same day they went missing.