Robert W. Baird Reiterates Their Hold Rating on L Brands

By Austin Angelo

Robert W. Baird analyst Mark Altschwager reiterated a Hold rating on L Brands (NYSE: LB) yesterday and set a price target of $60. The company’s shares closed yesterday at $61.36.

According to TipRanks.com, Altschwager is a 2-star analyst with an average return of 0.3% and a 43.4% success rate. Altschwager covers the Services sector, focusing on stocks such as Lululemon Athletica Inc, Abercrombie Fitch, and Urban Outfitters.

Currently, the analyst consensus on L Brands is Moderate Buy and the average price target is $52.40, representing a -14.6% downside.

In a report issued on December 19, BMO Capital also reiterated a Hold rating on the stock with a $56 price target.

The company has a one-year high of $68.44 and a one-year low of $35. Currently, L Brands has an average volume of 4.38M.

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.

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.