L Brands Gets a Hold Rating from Guggenheim

By Ryan Adsit

Guggenheim analyst Robert Drbul maintained a Hold rating on L Brands (NYSE: LB) today. The company’s shares opened today at $34.29, close to its 52-week low of $30.70.

Drbul wrote:

“We remain NEUTRAL rated. In June, total company comp sales increased 3% (stores -2%), roughly ~in line with our +LSD expectations but decelerating from May. The LB total comp increase of 3% (stores -2%) included a 1% decline at Victoria’s Secret (stores -6%) and a 10% increase at Bath & Body Works (stores +7%). For the total company, June sales increased 6% to $1.28bn.”

According to TipRanks.com, Drbul is a 5-star analyst with an average return of 17.6% and a 78.1% success rate. Drbul covers the Services sector, focusing on stocks such as National Vision Holdings Inc, Lululemon Athletica Inc, and Ascena Retail Group.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for L Brands with a $37.50 average price target.

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L Brands’ market cap is currently $10.22B and has a P/E ratio of 11.21. The company has a Price to Book ratio of -10.53.

Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is negative on the stock.

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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 the following segments: Victorias Secret, Bath & Body Works, and Victoria’s Secret and Bath & Body Works International.