Press coverage about L Brands (NYSE:LB) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. L Brands earned a daily sentiment score of 0.07 on Accern’s scale. Accern also gave headlines about the specialty retailer an impact score of 46.4381206158772 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
- Watch for L Brands Inc to Potentially Rebound After Falling 2.17% Yesterday (mysmartrend.com)
- L BRANDS INC : ex-dividend day (4-traders.com)
- Bearish Options Bets Pile Up Ahead of L Brands Earnings (schaeffersresearch.com)
- L Brands Should Not Spend Much Time Under $40 (seekingalpha.com)
- Factors to Consider Ahead of L Brands’ (LB) Q2 Earnings (nasdaq.com)
L Brands (NYSE:LB) opened at 39.05 on Wednesday. L Brands has a 1-year low of $39.00 and a 1-year high of $79.67. The firm’s 50-day moving average is $45.84 and its 200 day moving average is $50.19. The firm has a market cap of $11.20 billion, a PE ratio of 10.28 and a beta of 0.62. L Brands also was the target of some unusual options trading on Monday. Stock traders purchased 7,919 put options on the company. This is an increase of 320% compared to the typical volume of 1,885 put options.
L Brands (NYSE:LB) last released its quarterly earnings results on Wednesday, May 17th. The specialty retailer reported $0.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.04. L Brands had a negative return on equity of 104.19% and a net margin of 8.87%. The business had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.46 billion. During the same period in the previous year, the business posted $0.59 earnings per share. The firm’s revenue for the quarter was down 6.8% compared to the same quarter last year. On average, equities analysts forecast that L Brands will post $3.23 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 18th will be issued a $0.60 dividend. The ex-dividend date is Wednesday, August 16th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 6.15%. L Brands’s dividend payout ratio is 63.16%.
A number of research firms have commented on LB. Jefferies Group LLC reiterated an “underperform” rating and set a $32.00 price objective on shares of L Brands in a research note on Wednesday, August 9th. BMO Capital Markets set a $44.00 price objective on shares of L Brands and gave the company a “hold” rating in a research note on Tuesday, August 8th. Buckingham Research reduced their price objective on shares of L Brands from $62.00 to $52.00 and set a “buy” rating on the stock in a research note on Friday, August 4th. UBS AG reduced their price objective on shares of L Brands from $52.00 to $44.00 and set a “neutral” rating on the stock in a research note on Friday, August 4th. Finally, Deutsche Bank AG reiterated a “buy” rating and set a $60.00 price objective on shares of L Brands in a research note on Tuesday, August 1st. Five investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and nine have issued a buy rating to the company. L Brands has a consensus rating of “Hold” and an average price target of $55.76.
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In related news, CEO Nicholas Coe sold 39,839 shares of L Brands stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $48.88, for a total value of $1,947,330.32. Following the completion of the transaction, the chief executive officer now directly owns 75,658 shares of the company’s stock, valued at $3,698,163.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 16.45% of the company’s stock.
L Brands Company Profile
L Brands, Inc operates specialty retail business. The Company is focused on women’s intimate and other apparel, personal care, beauty and home fragrance categories. Its segments include Victoria’s Secret, Bath & Body Works, and Victoria’s Secret and Bath & Body Works International. It sells its merchandise through company-owned specialty retail stores in the United States, Canada, the United Kingdom and Greater China, which are mall-based; through Websites, and through international franchise, license and wholesale partners.
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