News articles about L Brands (NYSE:LB) have been trending somewhat negative recently, according to AlphaOne. The research firm, a subsidiary of Accern, scores the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. L Brands earned a news sentiment score of -0.18 on AlphaOne’s scale. AlphaOne also assigned news headlines about the specialty retailer an impact score of 96 out of 100, indicating that recent news coverage is extremely likely to have an impact on the stock’s share price in the next few days.
These are some of the media stories that may have effected Alpha One Sentiment’s scoring:
- Should Value Investors Consider L Brands (LB) Stock? – Yahoo Finance (finance.yahoo.com)
- L Brands (LB) Strategic Efforts Bode Well: Should You Hold? – Nasdaq (nasdaq.com)
- Upscale retailer Neiman Marcus posts 4th straight quarterly loss (finance.yahoo.com)
LB has been the subject of several research reports. FBR & Co reaffirmed an “outperform” rating and set a $60.00 price target on shares of L Brands in a research note on Wednesday, May 31st. Instinet reaffirmed a “neutral” rating and set a $48.00 price target (down previously from $52.00) on shares of L Brands in a research note on Sunday, April 9th. Jefferies Group LLC cut their price target on L Brands from $48.00 to $40.00 and set an “underperform” rating for the company in a research note on Thursday, February 23rd. Piper Jaffray Companies set a $48.00 price target on L Brands and gave the stock a “hold” rating in a research note on Monday, May 15th. Finally, Vetr cut L Brands from a “buy” rating to a “hold” rating and set a $49.96 price objective for the company. in a research report on Monday, May 15th. Five investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $58.63.
Shares of L Brands (LB) traded down 0.98% during trading on Friday, hitting $51.56. The company’s stock had a trading volume of 3,833,777 shares. The firm’s 50 day moving average is $51.25 and its 200-day moving average is $56.07. The company has a market capitalization of $14.79 billion, a P/E ratio of 13.58 and a beta of 0.62. L Brands has a 1-year low of $43.04 and a 1-year high of $79.67.
L Brands (NYSE:LB) last announced its earnings results on Wednesday, May 17th. The specialty retailer reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.04. L Brands had a negative return on equity of 104.19% and a net margin of 8.87%. The firm had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.46 billion. During the same quarter in the prior year, the company earned $0.59 EPS. The firm’s revenue for the quarter was down 6.8% compared to the same quarter last year. Analysts forecast that L Brands will post $3.23 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 16th. Investors of record on Friday, June 2nd were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Wednesday, May 31st. This represents a $2.40 annualized dividend and a yield of 4.65%. L Brands’s payout ratio is 63.16%.
In other L Brands news, CEO Nicholas Coe sold 39,839 shares of the firm’s stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $48.88, for a total value of $1,947,330.32. Following the completion of the sale, the chief executive officer now owns 75,658 shares in the company, valued at approximately $3,698,163.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 16.45% of the stock is 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.
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