December 05, 2012 at 08:31 AM EST
FBR Capital Initiates Coverage on Limited Brands with a “Market Perform” Rating (LTD)

On Tuesday analysts at FBR Capital started specialty retailer Limited Brands, Inc. (LTD) off with a “Market Perform” rating.

The analysts also set a price target of $50 for LTD. The target is a -2.5% downside from Tuesday’s closing price of $51.30.

“We expect EPS growth to slow in 2012/2013 (to 12%-14% versus 40%, on average, for the past three years) as benefits from inventory/supply chain initiatives are mostly behind the company and promotional activity at VS has increased for the past few quarters,” a FBR Capital analyst said.

The firm also noted that Limited Brands might have a special dividend coming in the next year due to an excess of cash that the company would like to return to shareholders.

Limited Brand shares were flat in premarket trading on Wednesday. The stock is up +28.25 year-to-date.

The Bottom Line
Shares of Limited Brands (LTD) have a 1.95% dividend yield, based on last night’s closing stock price of $51.30. The stock has technical support in the $46-$48 price area. The shares are trading near all-time highs.

Limited Brands, Inc. (LTD) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Related Stocks:
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here