L Brands (LB) Given Daily Media Sentiment Score of 0.14
News articles about L Brands (NYSE:LB) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. L Brands earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave press coverage about the specialty retailer an impact score of 47.4518306005144 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media headlines that may have effected Accern Sentiment’s analysis:
- Northcoast Research Weighs in on L Brands, Inc.’s FY2019 Earnings (LB) (americanbankingnews.com)
- FY2019 EPS Estimates for L Brands, Inc. Raised by Analyst (LB) (americanbankingnews.com)
- Q1 2019 EPS Estimates for L Brands, Inc. (LB) Raised by Analyst (americanbankingnews.com)
- L Brands, Inc. to Post Q4 2018 Earnings of $2.04 Per Share, Oppenheimer Holdings Forecasts (LB) (americanbankingnews.com)
- L Brands, Inc. (LB) Given a $58.00 Price Target at B. Riley (americanbankingnews.com)
L Brands (LB) traded down $0.42 during midday trading on Tuesday, hitting $50.06. The stock had a trading volume of 3,450,000 shares, compared to its average volume of 4,224,021. L Brands has a fifty-two week low of $35.00 and a fifty-two week high of $75.50. The stock has a market cap of $14,090.00, a PE ratio of 16.08, a PEG ratio of 1.40 and a beta of 0.68. The company has a current ratio of 1.68, a quick ratio of 1.05 and a debt-to-equity ratio of -6.25.
L Brands (NYSE:LB) last announced its earnings results on Wednesday, November 15th. The specialty retailer reported $0.30 EPS for the quarter, meeting analysts’ consensus estimates of $0.30. The company had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.57 billion. L Brands had a negative return on equity of 110.21% and a net margin of 7.73%. L Brands’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period last year, the business posted $0.42 EPS. analysts expect that L Brands will post 3.13 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 24th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 4.79%. The ex-dividend date is Wednesday, November 22nd. L Brands’s dividend payout ratio is currently 73.17%.
L Brands announced that its Board of Directors has authorized a stock repurchase program on Monday, September 18th that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the specialty retailer to reacquire up to 2.2% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its shares are undervalued.
Several brokerages recently issued reports on LB. Sanford C. Bernstein reiterated an “outperform” rating and issued a $57.00 price target on shares of L Brands in a research note on Monday, September 18th. Zacks Investment Research lowered shares of L Brands from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 23rd. FBR & Co reiterated a “buy” rating and issued a $58.00 price target on shares of L Brands in a research note on Wednesday, October 4th. BMO Capital Markets set a $37.00 price target on shares of L Brands and gave the stock a “market perform” rating in a research note on Friday, August 18th. Finally, Bank of America Corporation cut their price objective on shares of L Brands from $35.00 to $32.00 and set an “underperform” rating on the stock in a research report on Friday, August 18th. Six investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and eleven have issued a buy rating to the company. L Brands has a consensus rating of “Hold” and a consensus target price of $48.11.
In other L Brands news, Director Allan R. Tessler bought 20,000 shares of the business’s stock in a transaction dated Thursday, September 21st. The shares were acquired at an average price of $37.00 per share, with a total value of $740,000.00. Following the transaction, the director now owns 43,342 shares of the company’s stock, valued at $1,603,654. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 16.68% of the stock is currently owned by company insiders.
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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