Oppenheimer Sticks to Its Buy Rating for L Brands

By Austin Angelo

Oppenheimer analyst Anna Andreeva reiterated a Buy rating on L Brands (NYSE: LB) today. The company’s shares opened today at $51.87.

According to TipRanks.com, Andreeva is a 3-star analyst with an average return of 2.7% and a 46.2% success rate. Andreeva covers the Services sector, focusing on stocks such as Lululemon Athletica Inc, Ascena Retail Group, and Abercrombie Fitch.

L Brands has an analyst consensus of Hold, with a price target consensus of $50.38.

Based on L Brands’ latest earnings report for the quarter ending April 30, the company posted quarterly revenue of $2.44 billion and quarterly net profit of $94 million. In comparison, last year the company earned revenue of $2.61 billion and had a net profit of $152 million.

Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of LB in relation to earlier this year. Most recently, in April 2017, Leslie Wexner, the Chairman & CEO of LB bought 1,401,623 shares for a total of $26,604,021.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.