L Brands Inc (NYSE:LB) a Buy: Topeka Capital

In a research note issued to investors, Dorothy Lakner at Topeka Capital Initiated L Brands Inc (NYSE:LB) to a Buy. The analyst placed a $106.00 price target on the stock which indicates a 13.56% upside to the last closing price. In the year following Lakner’s ratings, the stocks covered yield an average return of 9.0% according to TipRanks.com. In the past year 29 out of 47 recommendations or 62% were successful.

Wall Street sell-side analysts have placed a $92.571 one year price target on L Brands, Inc. (NYSE:LB). This is the consensus average based on 21 firms who have recently issued reports on the equity.

The average recommendation is the arithmetical average of the individual analyst ratings contributed by sell-side research to produce a Consensus Analyst Rating for each stock. On a scale of 1 to 5 where 1 represents a Strong Buy and 5 represents a Strong Sell,L Brands, Inc. (NYSE:LB) is ranked 2.13 based on 21 broker recommendations. Of the 21 analyst estimates, the most bullish sees the stock reaching $112 within the next 12 months while the most bearish analyst sees the stock at $64 within the year.

Taking a look at the long term growth prospects of the stock, sell-side analysts have a consensus mean earnings per share estimate for the current year of $3.73. The high end estimate for this time frame is $3.96 with the low being $3.53.

According to analysts, L Brands, Inc. (NYSE:LB) is expected to report earnings per share for the current fiscal quarter of $0.57. This is the consensus mean estimate based on the individual covering sell-side firm’s reported numbers. The company last reported earnings for the period ending on 2015-01-31 of $1.89.

L Brands, Inc., formerly Limited Brands, Inc operates in the specialty retail business. The Company is a specialty retailer of women’s intimate and other apparel, beauty and personal care products and accessories. It operates in two segments: Victoria’s Secret and Bath & Body Works. It sells its merchandise through Company-owned specialty retail stores in the United States, Canada and the United Kingdom, which are primarily mall-based, and through Websites, catalogue and international franchise, license and wholesale partners. It operates in brands, such as Victoria’s Secret, Victoria’s Secret Pink, Bath & Body Works, La Senza, and Henri Bendel. Its business for both the Victoria’s Secret and Bath & Body Works segments is principally conducted from office, distribution and shipping facilities located in the Columbus, Ohio area. As of February 2, 2013, it operated 2,619 retail stores located in leased facilities, primarily in malls and shopping centers, throughout United States.