In today’s recent session, 2,627,409 shares of the L Brands, Inc. (NYSE:LB) have been traded, and its beta is 1.79. Most recently the company’s share price was $64.37, and it changed around $2.33 or 0.04% from the last close, which brings the market valuation of the company to $18.04 Billion. LB at last check was trading at a discount to its 52-week high of $65.14, offering almost -1.2% off that amount. The share price’s 52-week low was $8.8, which indicates that the recent value has risen by an impressive 86.33% since then. We note from L Brands, Inc.’s average daily trading volume that its 10-day average is 3.91 Million shares, with the 3-month average coming to 4.4 Million.
L Brands, Inc. stock received a consensus recommendation rating of Overweight, based on a mean score of 2.5. If we narrow it down even further, the data shows that none out of 24 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, 13 recommended LB as a Hold, whereas 11 deemed it a Buy, and no one rated it as Underweight. L Brands, Inc. is expected to report earnings per share of $0.94 for the current quarter.
L Brands, Inc. (NYSE:LB): Trading Information Today
Instantly LB has been showing a green trend so far today with a performance of 3.76% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of $65.16 on Wednesday, Apr 07 increased the stock’s daily price by 1.18%. The company’s shares are currently up 0.73% year-to-date, but still up 0.0242 over the last five days. On the other hand, L Brands, Inc. (NYSE:LB) is 0.16% up in the 30-day period. We can see from the shorts that 8.45 Million shares have been sold at a short interest cover period of 1.92 day (s).
The consensus price target as assigned by Wall Street analysts is $70.95, which translates to bears needing to increase their stock price by 10.22% from its current value. Analyst projections state that LB is forecast to be at a low of $47 and a high of $96. In order for the stock price to hit the forecast high, the stock would need to surge +49.14% from its current level, while the stock would need to crash -26.98% from its current level to reach the projected low.
L Brands, Inc. (LB) projections and forecasts
L Brands, Inc. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen +87.26 percent over the past six months and at a 39.6% annual growth rate that is well above the industry average of 5.6%. Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will gain +194.9% in revenue this quarter, and will report an increase of 156% in the next quarter. The year-over-year growth rate is expected to be 14.8%, up from the previous year.
Consensus estimates provided by 16 financial analysts predict the company will bring in an average of $2.87 Billion in revenue for the current quarter. 16 analysts expect L Brands, Inc. to make $2.9 Billion in revenue for the quarter ending July 01, 2021. The company’s sales for the same quarter a year ago was $1.74 Billion. Analysts predict that the company’s current quarter sales will jump, forecast at 64.7%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -6.6%. L Brands, Inc. earnings are expected to increase by 326.5% in 2021, but the outlook is positive 14.03% per year for the next five years.
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L Brands, Inc. (NYSE:LB)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 17.41% of L Brands, Inc. shares, and 78.89% of them are in the hands of institutional investors. The stock currently has a share float of 95.52%. L Brands, Inc. stock is held by 624 institutions, with Lone Pine Capital, LLC being the largest institutional investor. By Dec 30, 2020, it held 9.42% of the shares, which is about 26.27 Million shares worth $976.8 Million.
Vanguard Group, Inc. (The), with 8.29% or 23.13 Million shares worth $860.11 Million as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
Vanguard/Primecap Fund and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Dec 30, 2020. The former held 7543714 shares worth $280.55 Million, making up 2.71% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 6.29 Million shares worth around $234.09 Million, which represents about 2.26% of the total shares outstanding.