Barclays Maintains an 'Equalweight' on Limited Brands (LTD); Investor Day Update
Tweet
Share
E-mailGet Alerts LTD Hot Sheet
Price: $65.09 -0.57%
Rating Summary:
6 Buy, 13 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
6 Buy, 13 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
Barclays maintains an 'Equalweight' on Limited Brands (NYSE: LTD) price target of $40.00.
Barclays analyst says, "LTD held its Investor update meeting in New York today. In attendance from the company were Leslie H. Wexner, Chairman and CEO, Stuart Burgdoerfer, EVP and CFO, and Martin Waters, President, Limited Brands International. We weren't expecting a big announcement out of LTD's analysts meeting, and we didn't get one. The company spoke to a slow and deliberate domestic-centric strategy and, despite having one of the most powerful brands in the world, it does not appear as though LTD plans to ramp international growth aggressively anytime soon. In addition, while it sounds like we should expect square footage growth in the future, our sense is that 2012 square footage is likely to be flat. Nevertheless, the company is operating exceptionally well with VS on track to post the best operating margin the division has achieved since 2006, and BBW is on track to post the best operating margin the division has achieved since 2001. LTD raised the operating margin target from 15%, which we project will almost be achieved in 2011, to high teens over time."
For more ratings news on Limited Brands click here and for the rating history of Limited Brands click here.
Shares of Limited Brands closed at $41.71 yesterday.
Barclays analyst says, "LTD held its Investor update meeting in New York today. In attendance from the company were Leslie H. Wexner, Chairman and CEO, Stuart Burgdoerfer, EVP and CFO, and Martin Waters, President, Limited Brands International. We weren't expecting a big announcement out of LTD's analysts meeting, and we didn't get one. The company spoke to a slow and deliberate domestic-centric strategy and, despite having one of the most powerful brands in the world, it does not appear as though LTD plans to ramp international growth aggressively anytime soon. In addition, while it sounds like we should expect square footage growth in the future, our sense is that 2012 square footage is likely to be flat. Nevertheless, the company is operating exceptionally well with VS on track to post the best operating margin the division has achieved since 2006, and BBW is on track to post the best operating margin the division has achieved since 2001. LTD raised the operating margin target from 15%, which we project will almost be achieved in 2011, to high teens over time."
For more ratings news on Limited Brands click here and for the rating history of Limited Brands click here.
Shares of Limited Brands closed at $41.71 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Fiserv (FISV) PT Lowered to $60 at Freedom Broker
- Cantor Fitzgerald Reiterates Overweight Rating on Merlin Labs (MRLN)
- Intuitive Machines Inc. (LUNR) PT Lowered to $32 at Cantor Fitzgerald, Reaffirms Overweight Rating
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
BarclaysSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
