L Brands (LB) Earning Somewhat Favorable Media Coverage, Study Finds
Media stories about L Brands (NYSE:LB) have been trending somewhat positive on Monday, Accern reports. The research group rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to 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 news stories about the specialty retailer an impact score of 46.0914014810079 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:
- L Brands (LB) Stock Rating Reaffirmed by CIBC (americanbankingnews.com)
- Hot Tickers: L Brands, Inc. (LB), NRG Energy, Inc. (NRG) – Market Movers (financialqz.com)
- ETFs with exposure to L Brands, Inc. : December 7, 2017 (finance.yahoo.com)
- Are These Going Behind the Curtain? Henry Schein, Inc. (HSIC), L Brands, Inc. (LB) – Market Movers (financialqz.com)
- L Brands Earns Relative Strength Rating Upgrade; Hits Key Benchmark (finance.yahoo.com)
Several brokerages have weighed in on LB. Jefferies Group set a $30.00 price objective on L Brands and gave the company a “sell” rating in a report on Monday, August 28th. Oppenheimer reaffirmed a “buy” rating on shares of L Brands in a report on Thursday, October 5th. B. Riley reaffirmed a “buy” rating and issued a $58.00 price objective on shares of L Brands in a report on Wednesday, November 29th. Robert W. Baird reaffirmed a “hold” rating and issued a $44.00 price objective on shares of L Brands in a report on Friday, September 1st. Finally, Citigroup lifted their price objective on L Brands from $40.00 to $45.00 and gave the company a “neutral” rating in a report on Friday, November 3rd. Six equities research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and ten have assigned a buy rating to the company. L Brands has an average rating of “Hold” and a consensus price target of $49.40.
L Brands (NYSE:LB) last issued its quarterly earnings data on Wednesday, November 15th. The specialty retailer reported $0.30 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.30. L Brands had a negative return on equity of 101.19% and a net margin of 7.73%. The business had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.57 billion. During the same quarter in the previous year, the company posted $0.42 EPS. L Brands’s quarterly revenue was up 1.4% compared to the same quarter last year. sell-side analysts anticipate that L Brands will post 3.14 earnings per share for the current fiscal year.
L Brands announced that its board has approved a share repurchase plan on Monday, September 18th that authorizes the company to repurchase $250.00 million in outstanding shares. This repurchase authorization authorizes the specialty retailer to buy up to 2.2% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.
The business also recently declared a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Friday, November 24th were given a $0.60 dividend. The ex-dividend date of this dividend was Wednesday, November 22nd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.14%. L Brands’s dividend payout ratio (DPR) is presently 72.95%.
In other L Brands news, Director Allan R. Tessler acquired 20,000 shares of the company’s stock in a transaction dated Thursday, September 21st. The shares were bought at an average cost of $37.00 per share, with a total value of $740,000.00. Following the purchase, the director now directly owns 43,342 shares of the company’s stock, valued at $1,603,654. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David T. Kollat acquired 9,910 shares of the company’s stock in a transaction dated Monday, November 20th. The stock was acquired at an average cost of $50.34 per share, for a total transaction of $498,869.40. Following the completion of the purchase, the director now directly owns 158,878 shares in the company, valued at $7,997,918.52. The disclosure for this purchase can be found here. Insiders own 16.68% of the company’s stock.
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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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