Barclays analyst Chethan Mallela maintained a Hold rating on L Brands (NYSE: LB) yesterday and set a price target of $40. The company’s shares closed yesterday at $34.91, close to its 52-week low of $34.20.
According to TipRanks.com, Mallela is a 1-star analyst with an average return of -2.2% and a 50.0% success rate. Mallela covers the Services sector, focusing on stocks such as Tapestry Inc, Michael Kors, and Gap.
L Brands has an analyst consensus of Hold, with a price target consensus of $43.54.
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Based on L Brands’ latest earnings report for the quarter ending January 31, the company posted quarterly revenue of $4.82 billion and quarterly net profit of $664 million. In comparison, last year the company earned revenue of $2.44 billion and had a net profit of $94 million.
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.
