News coverage about L Brands (NYSE:LB) has been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. L Brands earned a news impact score of 0.18 on Accern’s scale. Accern also assigned headlines about the specialty retailer an impact score of 47.0530062743808 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

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

Several analysts have recently commented on LB shares. Deutsche Bank AG reduced their target price on shares of L Brands from $62.00 to $61.00 and set a “buy” rating for the company in a research note on Monday, May 15th. Vetr upgraded shares of L Brands from a “hold” rating to a “buy” rating and set a $53.02 target price for the company in a research note on Thursday, May 11th. Oppenheimer Holdings, Inc. set a $62.00 target price on shares of L Brands and gave the stock a “buy” rating in a research note on Thursday, May 4th. Buckingham Research restated a “buy” rating on shares of L Brands in a research note on Wednesday, April 26th. Finally, FBR & Co set a $60.00 target price on shares of L Brands and gave the stock a “buy” rating in a research note on Thursday, May 18th. Five analysts have rated the stock with a sell rating, nineteen have given a hold rating and nine have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $55.76.

Shares of L Brands (NYSE:LB) opened at 39.05 on Wednesday. L Brands has a one year low of $39.00 and a one year high of $79.67. The stock’s 50 day moving average is $45.84 and its 200-day moving average is $50.19. The stock has a market capitalization of $11.20 billion, a P/E ratio of 10.28 and a beta of 0.62. L Brands also saw some unusual options trading activity on Monday. Stock investors acquired 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 posted its quarterly earnings data on Wednesday, May 17th. The specialty retailer reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.04. L Brands had a net margin of 8.87% and a negative return on equity of 104.19%. The company had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.46 billion. During the same period in the prior year, the firm earned $0.59 earnings per share. The business’s quarterly revenue was down 6.8% on a year-over-year basis. On average, equities research analysts expect that L Brands will post $3.23 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 18th will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 6.15%. The ex-dividend date is Wednesday, August 16th. L Brands’s dividend payout ratio is presently 63.16%.

In other L Brands news, CEO Nicholas Coe sold 39,839 shares of the company’s stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $48.88, for a total transaction of $1,947,330.32. Following the completion of the sale, 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 legal filing with the Securities & Exchange Commission, which is available through this link. 16.45% of the stock is currently owned by corporate insiders.

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About L Brands

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.

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

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