L Brands Receives a Hold from BMO Capital

By Ryan Adsit

BMO Capital analyst John Morris reiterated a Hold rating on L Brands (NYSE: LB) yesterday and set a price target of $64. The company’s shares opened today at $66, close to its 52-week low of $60.

According to TipRanks.com, Morris is a 3-star analyst with an average return of 1.6% and a 53.8% success rate. Morris covers the Services sector, focusing on stocks such as Duluth Holdings Inc, Abercrombie Fitch, and Burlington Stores.

Currently, the analyst consensus on L Brands is Moderate Buy and the average price target is $74.50, representing a 12.9% upside.

In a report issued on November 1, Mizuho Securities also downgraded the stock to Hold with a $70 price target.

L Brands’ market cap is currently $20.51B and has a P/E ratio of 16.61. The company has a book value ratio of -17.1929.

Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is negative on the stock. Most recently, in September 2016, Charles Mcguigan, 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.