Morgan Stanley (NYSE:MS) analyst Kimberly Greenberger maintained a Hold rating on L Brands (NYSE:LB) on Friday, setting a price target of $30, which is approximately 9.26% below the present share price of $33.06.
Greenberger expects L Brands to post earnings per share (EPS) of -$0.18 for the fourth quarter of 2020.
The current consensus among 17 TipRanks analysts is for a Moderate Buy rating of shares in L Brands, with an average price target of $34.29.
The analysts price targets range from a high of $50 to a low of $15.
In its latest earnings report, released on 07/31/2020, the company reported a quarterly revenue of $2.32 billion and a net profit of $44 million. The company's market cap is $9.19 billion.
According to TipRanks.com, Morgan Stanley analyst Kimberly Greenberger is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 12.5% and a 64.93% success rate.
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 the following segments: Victorias Secret, Bath & Body Works, and Victoria's Secret and Bath & Body Works International. 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.