L Brands (NYSE:LB) updated its fourth quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $2.00 for the period, compared to the Thomson Reuters consensus estimate of $1.98.
Several research firms recently weighed in on LB. Wedbush boosted their price target on shares of L Brands from $16.00 to $20.00 and gave the stock a neutral rating in a report on Monday. Royal Bank of Canada lowered shares of L Brands from an outperform rating to a sector perform rating and decreased their price objective for the company from $30.00 to $22.00 in a research note on Friday, August 23rd. Credit Suisse Group cut shares of L Brands from a neutral rating to an underperform rating and dropped their target price for the stock from $22.00 to $14.00 in a research report on Friday, October 18th. B. Riley set a $30.00 target price on shares of L Brands and gave the stock a buy rating in a research report on Friday, August 23rd. Finally, Citigroup cut their target price on L Brands from $27.00 to $21.00 and set a neutral rating on the stock in a research note on Friday, August 23rd. Five analysts have rated the stock with a sell rating, sixteen have given a hold rating and five have issued a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $24.35.
L Brands stock traded down $1.29 during trading on Wednesday, hitting $15.89. The stock had a trading volume of 17,117,278 shares, compared to its average volume of 5,122,589. The stock’s 50 day moving average is $17.64 and its two-hundred day moving average is $21.30. L Brands has a 1 year low of $15.80 and a 1 year high of $34.89. The stock has a market cap of $4.99 billion, a price-to-earnings ratio of 5.63, a price-to-earnings-growth ratio of 0.66 and a beta of 0.77.
The company also recently disclosed a dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 22nd will be paid a $0.30 dividend. The ex-dividend date is Thursday, November 21st. L Brands’s dividend payout ratio is currently 42.55%.
About L Brands
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.
Further Reading: LIBOR
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.