L Brands Stock Forecast, Price & News

L Brands' stock was trading at $19.62 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, LB shares have increased by 94.4% and is now trading at $38.15.
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25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for L Brands in the last year. There are currently 2 sell ratings, 13 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
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Wall Street analysts have given L Brands a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but L Brands wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
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L Brands is scheduled to release its next quarterly earnings announcement on Wednesday, February 24th 2021.
View our earnings forecast for L Brands.

L Brands, Inc. (NYSE:LB) posted its quarterly earnings data on Tuesday, November, 17th. The specialty retailer reported $1.13 earnings per share for the quarter, topping the consensus estimate of $0.09 by $1.04. The specialty retailer had revenue of $3.06 billion for the quarter, compared to analysts' expectations of $2.67 billion. L Brands had a negative net margin of 1.77% and a negative return on equity of 36.40%.
View L Brands' earnings history.

L Brands declared a quarterly dividend on Tuesday, February 4th. Shareholders of record on Friday, February 21st will be paid a dividend of $0.30 per share on Friday, March 6th. This represents a $1.20 annualized dividend and a dividend yield of 3.15%. The ex-dividend date is Thursday, February 20th.
View L Brands' dividend history.

25 brokerages have issued 1 year price objectives for L Brands' stock. Their forecasts range from $12.75 to $60.00. On average, they anticipate L Brands' share price to reach $34.71 in the next twelve months. This suggests that the stock has a possible downside of 9.0%.
View analysts' price targets for L Brands.

L Brands saw a drop in short interest in October. As of October 30th, there was short interest totaling 8,860,000 shares, a drop of 13.6% from the October 15th total of 10,260,000 shares. Based on an average daily volume of 4,770,000 shares, the short-interest ratio is presently 1.9 days. Approximately 3.8% of the company's stock are short sold.
View L Brands' Short Interest.

Some companies that are related to L Brands include ASOS (ASOMY), The Cato (CATO), Chico's FAS (CHS), Christopher & Banks (CBKC), Destination Maternity (DESTQ) and Cache (CACH).
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Based on aggregate information from My MarketBeat watchlists, some companies that other L Brands investors own include AT&T (T), CVS Health (CVS), The Walt Disney (DIS), General Electric (GE), NVIDIA (NVDA), Exxon Mobil (XOM), Ford Motor (F), Bank of America (BAC), Pfizer (PFE) and Intel (INTC).

L Brands trades on the New York Stock Exchange (NYSE) under the ticker symbol "LB."

L Brands' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Egerton Capital UK LLP (5.23%), BlackRock Inc. (5.07%), State Street Corp (3.19%), AQR Capital Management LLC (0.67%), Point72 Asset Management L.P. (0.66%) and Charles Schwab Investment Management Inc. (0.63%). Company insiders that own L Brands stock include Anne Sheehan and James L Bersani.
View institutional ownership trends for L Brands.

LB stock was sold by a variety of institutional investors in the last quarter, including Point72 Asset Management L.P., Douglas Lane & Associates LLC, Interval Partners LP, Lombard Odier Asset Management USA Corp, Arrowstreet Capital Limited Partnership, State Street Corp, New York State Common Retirement Fund, and SG Americas Securities LLC.
View insider buying and selling activity for L Brands.

LB stock was bought by a variety of institutional investors in the last quarter, including Egerton Capital UK LLP, BlackRock Inc., Voloridge Investment Management LLC, Assenagon Asset Management S.A., Connor Clark & Lunn Investment Management Ltd., Kehrs Ridge Capital LLC, Private Capital Advisors Inc., and Los Angeles Capital Management & Equity Research Inc..
View insider buying and selling activity for L Brands.

Shares of LB can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of LB stock can currently be purchased for approximately $38.15.

L Brands has a market capitalization of $10.60 billion and generates $12.91 billion in revenue each year. The specialty retailer earns $-366,000,000.00 in net income (profit) each year or $2.29 on an earnings per share basis. L Brands employs 94,400 workers across the globe.

The official website for L Brands is www.lb.com.

L Brands' mailing address is THREE LIMITED PARKWAY P.O. BOX 16000, COLUMBUS OH, 43230. The specialty retailer can be reached via phone at 614-415-7000 or via email at [email protected]