In the last trading session, 6.06 million L Brands Inc. (NYSE:LB) shares changed hands as the company’s beta touched 1.78. With the company’s per share price at $69.09 changed hands at $3.3 or 5.02% during last session, the market valuation stood at $19.13B. LB’s last price was a discount, traded about -4.2% off its 52-week high of $71.99. The share price had its 52-week low at $13.18, which suggests the last value was 80.92% up since then. When we look at L Brands Inc.’s average trading volume, we note the 10-day average is 4.65 million shares, with the 3-month average coming to 4.10 million.
Analysts gave the L Brands Inc. (LB) stock a consensus recommendation rating of an Overweight, calculated at a mean rating of 2.50. If we narrow down to specifics, the data shows that 0 out of 24 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 14 recommended LB as a Hold, 10 felt it is a Buy and 0 rated the stock as Underweight. L Brands Inc.’s EPS for the current quarter is expected to be $1.01.
L Brands Inc. (NYSE:LB) trade information
Instantly LB was in green as seen at the end of in last trading. With action 6.85%, the performance over the past five days has been green. The jump to weekly highs of 69.60 on Tuesday, 06/22/21 added 5.02% to the stock’s daily price. The company’s shares are showing year-to-date upside of 85.78%, with the 5-day performance at 6.85% in the green. However, in the 30-day time frame, L Brands Inc. (NYSE:LB) is 6.64% up. Looking at the short shares, we see there were 9.14 million shares sold at short interest cover period of 2.48 days.
The consensus price target for the stock as assigned by Wall Street analysts is $78.85, meaning bulls need an upside of 12.38% from its current market value. According to analyst projections, LB’s forecast low is $62.00 with $104.00 as the target high. To hit the forecast high, the stock’s price needs a -50.53% plunge from its current level, while the stock would need to tank 10.26% for it to hit the projected low.
L Brands Inc. (LB) estimates and forecasts
Data shows that the L Brands Inc. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 78.85% over the past 6 months, a 67.34% in annual growth rate that is considerably higher than the industry average of 45.40%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2021 revenue estimates. The rating firms predict current quarter revenue for L Brands Inc. will rise 304.00%, while the growth in revenue is estimated to hit -37.20% for the next quarter. Year-over-year growth is forecast to reach 21.00% up from the last financial year.
Consensus estimates given by 18 financial analysts project the company’s revenue in the current quarter to hit an average of $3.27 billion. 18 analysts are of the opinion that L Brands Inc.’s revenue for the quarter ending Oct 2021 will be $2.93 billion.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -6.60%. The 2021 estimates are for L Brands Inc. earnings to increase by 326.50%, but the outlook for the next 5-year period is at 20.20% per year.
L Brands Inc. is expected to release its next quarterly earnings report in July. The 0.87% annual yield figure for the share gives it an annual dividend of 0.60. It is important to note, however, that the 0.87% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.
L Brands Inc. (NYSE:LB)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 19.05% of L Brands Inc. shares while 80.78% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 99.79%. There are 80.78% institutions holding the L Brands Inc. stock share, with Lone Pine Capital, LLC the top institutional holder. As of Dec 30, 2020, the company held 9.42% of the shares, roughly 26.27 million LB shares worth $976.8 million.
Vanguard Group, Inc. (The) holds the second largest percentage of outstanding shares, with 8.29% or 23.13 million shares worth $860.11 million as of Dec 30, 2020.
Among Mutual Funds, the top two as of Dec 30, 2020 were Vanguard/Primecap Fund and Vanguard Total Stock Market Index Fund. With 7.54 million shares estimated at $280.55 million under it, the former controlled 2.70% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.26% of the shares, roughly 6.29 million shares worth around $234.09 million.