Robert W. Baird analyst Mark Altschwager maintained a Hold rating on L Brands (NYSE:LB) on Wednesday, setting a price target of $75, which is approximately 15.76% above the present share price of $64.79.
Altschwager expects L Brands to post earnings per share (EPS) of $0.00 for the second quarter of 2021.
The current consensus among 17 TipRanks analysts is for a Moderate Buy rating of shares in L Brands, with an average price target of $79.
The analysts price targets range from a high of $102 to a low of $65.
In its latest earnings report, released on 04/30/2021, the company reported a quarterly revenue of $3.02 billion and a net profit of $572.06 million. The company's market cap is $18.07 billion.
According to TipRanks.com, Robert W. Baird analyst Mark Altschwager is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 23.1% and a 54.11% 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.