Piper Jaffray analyst Erinn Murphy reiterated a Hold rating on L Brands (NYSE: LB) today and set a price target of $48. The company’s shares opened today at $49.97.
According to TipRanks.com, Murphy is ranked 0 out of 5 stars with an average return of -6.3% and a 43.8% success rate. Murphy covers the Consumer Goods sector, focusing on stocks such as Estee Lauder Companies, Wolverine World Wide, and G-III Apparel Group.
L Brands has an analyst consensus of Hold, with a price target consensus of $51.83.
Based on L Brands’ latest earnings report for the quarter ending April 30, the company posted quarterly revenue of $2.44 billion and quarterly net profit of $94.05 million. In comparison, last year the company earned revenue of $2.61 billion and had a net profit of $152 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 Victorias Secret and Bath & Body Works International segment. Its brands include Victorias Secret, Bath and Body Works, Pink, La Senza, and Henri Bendel. The company was founded by Leslie Herbert Wexner in 1963 and is headquartered in Columbus, OH.