In a report issued on August 28, Erinn Murphy from Piper Jaffray reiterated a Hold rating on L Brands (NYSE: LB), with a price target of $28. The company’s shares closed yesterday at $27.06, close to its 52-week low of $26.25.
According to TipRanks.com, Murphy is a 2-star analyst with an average return of 0.8% and a 51.0% success rate. Murphy covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies Inc, Wolverine World Wide, and G-III Apparel Group.
L Brands has an analyst consensus of Hold, with a price target consensus of $30.60, representing a 13.1% upside. In a report issued on August 23, Morgan Stanley also downgraded the stock to Hold with a $32 price target.
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Based on L Brands’ latest earnings release for the quarter ending July 31, the company reported a quarterly net profit of $99.03 million. In comparison, last year the company earned revenue of $2.76 billion and had a net profit of $139 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.
