Somewhat Positive Press Coverage Somewhat Unlikely to Impact L Brands (LB) Share Price

Media headlines about L Brands (NYSE:LB) have trended somewhat positive on Monday, according to Accern. Accern ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. L Brands earned a news impact score of 0.08 on Accern’s scale. Accern also gave media stories about the specialty retailer an impact score of 46.6060568065836 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

These are some of the headlines that may have effected Accern’s analysis:

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Shares of NYSE:LB traded up $0.43 during midday trading on Monday, reaching $34.80. The company’s stock had a trading volume of 3,178,372 shares, compared to its average volume of 4,777,902. L Brands has a fifty-two week low of $34.20 and a fifty-two week high of $63.10. The firm has a market cap of $9,701.46, a PE ratio of 10.88, a price-to-earnings-growth ratio of 0.95 and a beta of 0.78. The company has a debt-to-equity ratio of -7.60, a quick ratio of 1.01 and a current ratio of 1.62.



L Brands (NYSE:LB) last announced its earnings results on Wednesday, February 28th. The specialty retailer reported $2.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.05 by $0.06. L Brands had a negative return on equity of 101.69% and a net margin of 7.78%. The company had revenue of $4.82 billion during the quarter, compared to analyst estimates of $4.72 billion. During the same period last year, the company posted $2.03 earnings per share. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. analysts anticipate that L Brands will post 3.16 EPS for the current fiscal year.

L Brands announced that its Board of Directors has authorized a share buyback plan on Thursday, March 8th that allows the company to repurchase $226.90 million in shares. This repurchase authorization allows the specialty retailer to purchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

A number of research analysts recently commented on the company. Credit Suisse Group assumed coverage on L Brands in a research note on Monday, March 12th. They issued a “neutral” rating and a $45.00 target price for the company. Zacks Investment Research lowered L Brands from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 11th. Guggenheim restated a “hold” rating on shares of L Brands in a research note on Thursday, April 12th. Scotiabank restated a “hold” rating and issued a $59.00 target price on shares of L Brands in a research note on Wednesday, January 17th. Finally, Citigroup restated a “hold” rating and issued a $58.00 target price on shares of L Brands in a research note on Friday, January 5th. Seven investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eleven have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $49.37.

In other news, CFO Stuart B. Burgdoerfer sold 33,000 shares of the firm’s stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $42.53, for a total value of $1,403,490.00. Following the completion of the sale, the chief financial officer now directly owns 69,640 shares in the company, valued at $2,961,789.20. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Stuart B. Burgdoerfer sold 17,000 shares of the firm’s stock in a transaction on Wednesday, March 21st. The shares were sold at an average price of $39.56, for a total value of $672,520.00. Following the completion of the sale, the chief financial officer now owns 52,640 shares of the company’s stock, valued at $2,082,438.40. The disclosure for this sale can be found here. Company insiders own 17.32% of the company’s stock.

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About L Brands

L Brands, Inc operates as a specialty retailer of women's intimate and other apparel, beauty and personal care products, and accessories. The company operates in three segments: Victoria's Secret, Bath & Body Works, and Victoria's Secret and Bath & Body Works International. Its products include loungewear, bras, panties, swimwear, athletic attire, fragrances, shower gels and lotions, aromatherapy, soaps and sanitizers, home fragrances, handbags, jewelry, and personal care accessories.

Insider Buying and Selling by Quarter for L Brands (NYSE:LB)

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