L Brands, Inc. (NYSE:LB) has a beta value of 1.74 and has seen 3,490,224 shares traded in the last trading session. The company, currently valued at $13.15 Billion, closed the last trade at $47.29 per share which meant it gained $0.38 on the day or 0.81% during that session. The LB stock price is -2.11% off its 52-week high price of $48.29 and 83.08% above the 52-week low of $8. If we look at the company’s 10-day average daily trading volume, we find that it stood at 4.71 Million shares traded. The 3-month trading volume is 3.94 Million shares.

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The consensus among analysts is that L Brands, Inc. (LB) is an Overweight stock at the moment, with a recommendation rating of 2.7. 1 analysts rate the stock as a Sell, while none rate it as Overweight. 15 out of 26 have rated it as a Hold, with 9 advising it as a Buy. 1 have rated the stock as Underweight. The expected earnings per share for the stock is $2.67.

L Brands, Inc. (NYSE:LB) trade information

Sporting 0.81% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Jan 12 when the LB stock price touched $48.29- or saw a rise of 2.08%. Year-to-date, L Brands, Inc. shares have moved 27.16%, while the 5-day performance has seen it change 16.97%. Over the past 30 days, the shares of L Brands, Inc. (NYSE:LB) have changed 19.6%. Short interest in the company has seen 8.87 Million shares shorted with days to cover at 2.25.

Wall Street analysts have a consensus price target for the stock at $47.52, which means that the shares’ value could jump 0.49% from current levels. The projected low price target is $30 while the price target rests at a high of $66. In that case, then, we find that the current price level is +39.56% off the targeted high while a plunge would see the stock lose -36.56% from current levels.

L Brands, Inc. (LB) estimates and forecasts

Figures show that L Brands, Inc. shares have outperformed across the wider relevant industry. The company’s shares have gained +183.85% over the past 6 months, with this year growth rate of 36.24%, compared to -11.1% for the industry. Other than that, the company has, however, increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 42% and 103% for the next quarter. Revenue growth from the last financial year stood is estimated to be -8.7%.

22 analysts offering their estimates for the company have set an average revenue estimate of $4.76 Billion for the current quarter. 15 have an estimated revenue figure of $2.13 Billion for the next quarter concluding in April 01, 2021. Year-ago sales stood $4.71 Billion and $1.74 Billion respectively for this quarter and the next, and analysts expect sales will grow by 1.1% for the current quarter and 22.3% for the next.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -18.9% over the past 5 years. Earnings growth for 2021 is a modest -157.5% while over the next 5 years, the company’s earnings are expected to increase by 14%.

L Brands, Inc. (NYSE:LB)’s Major holders

Insiders own 19.14% of the company shares, while shares held by institutions stand at 79.26% with a share float percentage of 98.02%. Investors are also buoyed by the number of investors in a company, with L Brands, Inc. having a total of 533 institutions that hold shares in the company. The top two institutional holders are Lone Pine Capital, LLC with over 26.27 Million shares worth more than $835.49 Million. As of September 29, 2020, Lone Pine Capital, LLC held 9.44% of shares outstanding.

The other major institutional holder is Melvin Capital Management LP, with the holding of over 24.17 Million shares as of September 29, 2020. The firm’s total holdings are worth over $768.84 Million and represent 8.69% of shares outstanding.

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Also the top two Mutual Funds that are holding company’s shares are Vanguard/Primecap Fund and Vanguard Total Stock Market Index Fund. As of September 29, 2020, the former fund manager holds about 2.83% shares in the company for having 7865114 shares of worth $250.19 Million while later fund manager owns 6.25 Million shares of worth $198.96 Million as of September 29, 2020, which makes it owner of about 2.25% of company’s outstanding stock.


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