L Brands (NYSE:LTD)‘s stock had its “neutral” rating reaffirmed by Zacks in a research report issued to clients and investors on Tuesday, AnalystRatings.Net reports. They currently have a $56.00 target price on the stock. Zacks‘ price target indicates a potential upside of 5.32% from the company’s current price.
Zacks‘ analyst wrote, “L Brands came up with flat comps for June, however sales did rise 2.2% to $1,101 million. The company’s less competitive pricing strategy impacted the results. Going forwrad, we believe Limited Brands with its operational efficiencies, new and innovative collection, and upcoming bra and fragrance launches remains well positioned to generate healthy sales. The company commands a market leading position in the lingerie, personal care, and beauty segments. The company’s exclusive assortments remain popular among consumers and set it apart from peers. Management expects July comps to rise in the low single-digit, however margins are likely to remain muted in the near-term. Moreover, stiff competition and lingering economic woes remain short-term deterrent. Consequently, we maintain our long-term Neutral recommendation on the stock. “
Several other analysts have also recently commented on the stock. Analysts at Susquehanna raised their price target on shares of L Brands from $53.00 to $54.00 in a research note to investors on Friday, July 12th. They now have a “neutral” rating on the stock. Separately, analysts at Jefferies Group reiterated an “underperform” rating on shares of L Brands in a research note to investors on Tuesday, July 9th. They now have a $40.00 price target on the stock. Finally, analysts at RBC Capital reiterated an “outperform” rating on shares of L Brands in a research note to investors on Monday, July 8th. They now have a $55.00 price target on the stock.
Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $51.79.
Shares of L Brands (NYSE: LTD) opened at 53.17 on Tuesday. L Brands has a one year low of $42.49 and a one year high of $53.45. The stock’s 50-day moving average is currently $50.. The company has a market cap of $15.386 billion and a P/E ratio of 20.34.
L Brands (NYSE:LTD) last issued its quarterly earnings data on Wednesday, May 22nd. The company reported $0.48 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.46 by $0.02. The company had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.26 billion. During the same quarter in the previous year, the company posted $0.41 earnings per share. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. L Brands has set its Q2 guidance at $0.50-0.55 EPS and its FY14 guidance at $2.95-3.15 EPS. On average, analysts predict that L Brands will post $3.14 earnings per share for the current fiscal year.
L Brands, Inc, formerly Limited Brands, Inc operates in the specialty retail business. The Company is a specialty retailer of women’s intimate and other apparel, beauty and personal care products and accessories.
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