L Brands (LB) Gets a Buy Rating from B.Riley FBR

By Ryan Adsit

B.Riley FBR analyst Susan Anderson reiterated a Buy rating on L Brands (LBResearch Report) yesterday and set a price target of $23.00. The company’s shares closed last Thursday at $14.45.

According to TipRanks.com, Anderson is ranked 0 out of 5 stars with an average return of -9.5% and a 32.7% success rate. Anderson covers the Consumer Goods sector, focusing on stocks such as Turning Point Brands, Wolverine World Wide, and G-III Apparel Group.

The word on The Street in general, suggests a Hold analyst consensus rating for L Brands with a $14.92 average price target.

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Based on L Brands’ latest earnings release for the quarter ending April 30, the company reported a quarterly revenue of $1.65 billion and GAAP net loss of $297 million. In comparison, last year the company earned revenue of $2.63 billion and had a net profit of $40 million.

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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. 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.