L Brands Inc. (NYSE:LB) declared a quarterly dividend on Thursday, November 3rd. Investors of record on Friday, November 18th will be paid a dividend of 0.60 per share on Friday, December 2nd. This represents a $2.40 annualized dividend and a yield of 3.52%. The ex-dividend date is Wednesday, November 16th.

L Brands (NYSE:LB) opened at 68.13 on Friday. L Brands has a 52 week low of $60.00 and a 52 week high of $99.83. The company’s 50-day moving average price is $70.80 and its 200 day moving average price is $71.19. The stock has a market capitalization of $19.48 billion, a P/E ratio of 16.60 and a beta of 0.88.

L Brands (NYSE:LB) last issued its quarterly earnings data on Wednesday, August 17th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.11. The company earned $2.89 billion during the quarter. L Brands had a negative return on equity of 150.59% and a net margin of 9.73%. The company’s revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.68 earnings per share. Equities research analysts expect that L Brands will post $3.74 EPS for the current fiscal year.

Dividend History for L Brands (NYSE:LB)

In other news, insider Martin P. Waters sold 45,500 shares of L Brands stock in a transaction that occurred on Tuesday, August 23rd. The shares were sold at an average price of $77.49, for a total transaction of $3,525,795.00. Following the completion of the sale, the insider now directly owns 13,970 shares in the company, valued at approximately $1,082,535.30. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Charles Mcguigan sold 23,687 shares of L Brands stock in a transaction that occurred on Tuesday, August 30th. The shares were sold at an average price of $76.37, for a total transaction of $1,808,976.19. The disclosure for this sale can be found here. Insiders own 16.45% of the company’s stock.

Several large investors have recently bought and sold shares of the stock. BlackRock Fund Advisors increased its stake in L Brands by 12.8% in the second quarter. BlackRock Fund Advisors now owns 4,566,175 shares of the company’s stock worth $306,527,000 after buying an additional 518,739 shares during the last quarter. Janus Capital Management LLC increased its position in shares of L Brands by 12.6% in the second quarter. Janus Capital Management LLC now owns 4,165,899 shares of the company’s stock valued at $279,657,000 after buying an additional 466,301 shares in the last quarter. Parametric Portfolio Associates LLC increased its position in shares of L Brands by 32.3% in the second quarter. Parametric Portfolio Associates LLC now owns 1,394,955 shares of the company’s stock valued at $93,643,000 after buying an additional 340,362 shares in the last quarter. Credit Suisse AG increased its position in shares of L Brands by 38.5% in the second quarter. Credit Suisse AG now owns 1,185,539 shares of the company’s stock valued at $79,586,000 after buying an additional 329,613 shares in the last quarter. Finally, Jefferies Group LLC increased its position in shares of L Brands by 114.0% in the second quarter. Jefferies Group LLC now owns 39,511 shares of the company’s stock valued at $2,652,000 after buying an additional 322,026 shares in the last quarter. Institutional investors own 75.56% of the company’s stock.

A number of research analysts have commented on the company. Morgan Stanley restated a “buy” rating and set a $80.00 price target on shares of L Brands in a research note on Tuesday, August 23rd. Jefferies Group restated a “hold” rating on shares of L Brands in a research note on Tuesday, August 23rd. Oppenheimer Holdings Inc. upgraded L Brands from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $75.00 to $90.00 in a research note on Friday, August 19th. Stifel Nicolaus set a $90.00 price target on L Brands and gave the stock a “buy” rating in a research note on Friday, August 19th. Finally, Citigroup Inc. upped their price target on L Brands from $72.00 to $78.00 and gave the stock a “neutral” rating in a research note on Friday, August 19th. Three research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and ten have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $74.98.

L Brands Company Profile

L Brands, Inc operates specialty retail business. The Company is focused on women’s intimate and other apparel, personal care and beauty categories. The Company operates through three segments: Victoria’s Secret, Bath & Body Works, and Victoria’s Secret and Bath & Body Works International. Victoria’s Secret segment includes PINK, which is the specialty retailer of women’s intimate and other apparel with collections, fragrances, supermodels and runway shows.

5 Day Chart for NYSE:LB

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