Published: Mon, February 27, 2017
Health Care | By Kelly Miles

L Brands' same-store sales flat, lowers 2017 outlook

L Brands' same-store sales flat, lowers 2017 outlook

L Brands, Inc. Gross Margin percentage stands at 41.5% while its Operating Margin for trailing twelve month is 16.8 percent and Profit margin (ttm) is 9.3 Percent. (NYSE:LB) in a report published on Sunday morning. Jefferies Group now has a "Underperform" rating and a $40.00 price target on the stock.

A number of other analysts have also recently weighed in on LB. Citigroup Inc. upgraded L Brands from a "neutral" rating to a "buy" rating and increased their target price for the company from $74.00 to $84.00 in a research report on Monday, November 14th. Vetr downgraded L Brands from a "hold" rating to a "sell" rating and set a $64.06 target price for the company.in a research report on Tuesday, January 3rd. 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. Three research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. L Brands has an average rating of "Hold" and a consensus target price of $72.98.

Shares of L Brands (NYSE:LB) traded up 4.19% during trading on Friday, hitting $50.99. Quadrant Capital Group LLC now owns 2,365 shares of the company's stock valued at $161,000 after buying an additional 139 shares during the last quarter.

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 has a 50 day moving average price of $59.18 and a 200 day moving average price of $68.49.

L Brands (NYSE:LB) last issued its quarterly earnings data on Wednesday, November 16th. Jefferies Group analyst R. Konik expects that the firm will post earnings of $0.20 per share for the quarter.

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Earnings were behind the $2.15 a share the company earned the prior year, but revenue was ahead of the $4.4 billion from the fourth quarter of 2015. The company's net income was $631.7 million compared to $636 million a year ago.

Receive L Brands Inc News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for L Brands Inc with MarketBeat.com's FREE daily email newsletter. If you are viewing this news story on another domain, it was stolen and reposted in violation of United States & worldwide copyright and trademark law. 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. Investors of record on Friday, February 17th will be paid a $0.60 dividend. Wall Street was calling for net sales of $4.51 billion on an average basis. The ex-dividend date was Thursday, November 17th. L Brands's payout ratio is 60.61%.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Stephens Inc. AR raised its stake in shares of L Brands by 0.4% in the third quarter. 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. BlackRock Japan Co. Ltd raised its stake in shares of L Brands by 1.0% in the third quarter. Jackson Square Partners LLC now owns 7,415,981 shares of the company's stock worth $497,834,000 after buying an additional 2,082,149 shares during the last quarter. IFP Advisors Inc raised its position in Dunkin' Brands Group by 43.9% in the second 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. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of L Brands by 0.4% in the fourth quarter. Stephens Inc. AR now owns 9,242 shares of the company's stock valued at $654,000 after buying an additional 33 shares during the period. Finally, Advisor Group Inc. bought a new position in Dunkin' Brands Group during the second quarter valued at approximately $171,000.

L Brands, Inc. operates specialty retail business.

Last year, as L Brands began to lose its sparkle - particularly at its Victoria's Secret lingerie brand - the company announced it would streamline its categories to focus on three areas that would most appeal to millennial shoppers: Beauty, bras and its Pink youth brand.

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