MKM Partners Reiterates a Hold Rating on L Brands

By George MacDonald

In a report released yesterday, Roxanne Meyer from MKM Partners reiterated a Hold rating on L Brands (NYSE: LB), with a price target of $71. The company’s shares closed yesterday at $70.35.

According to TipRanks.com, Meyer is a 4-star analyst with an average return of 5.6% and a 55.2% success rate. Meyer covers the Services sector, focusing on stocks such as Abercrombie Fitch, Burlington Stores, and Urban Outfitters.

L Brands has an analyst consensus of Moderate Buy, with a price target consensus of $79.40.

L Brands` market cap is currently $20.03B and has a P/E ratio of 17.20. The company has a book value ratio of -17.8054.

Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is negative on the stock. Last month, Charles Mcguigan, a the Pres Global Sourcing&Logistics of LB sold 23,986 shares for a total of $1,831,838.

L Brands, Inc. engages in the retail business. It is focused on women’s intimate and other apparel, personal care and beauty categories. It operates its business through Victorias Secret and Bath & Body Works International segment. Its brands include Victorias Secret, Bath and Body Works, Pink, La Senza and Henri Bendel. The company was founded by Leslie Herbert Wexner in 1963 and is headquartered in Columbus, OH.