News stories about L Brands (NYSE:LB) have trended somewhat positive on Thursday, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by reviewing more than twenty million news and blog sources in real time. 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 media sentiment score of 0.15 on Accern’s scale. Accern also assigned headlines about the specialty retailer an impact score of 44.793419459091 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
A number of research analysts have weighed in on the stock. Piper Jaffray Companies set a $49.00 target price on shares of L Brands and gave the stock a “hold” rating in a research report on Wednesday. Scotiabank reissued a “hold” rating and issued a $67.00 target price on shares of L Brands in a research note on Wednesday, November 22nd. Telsey Advisory Group reaffirmed an “outperform” rating and set a $64.00 price objective (up from $60.00) on shares of L Brands in a research note on Tuesday, November 28th. Robert W. Baird set a $60.00 target price on shares of L Brands and gave the stock a “hold” rating in a research report on Thursday, December 28th. Finally, Barclays started coverage on shares of L Brands in a report on Tuesday, September 19th. They issued an “equal weight” rating and a $41.00 price objective on the stock. Six research analysts have rated the stock with a sell rating, twenty have given a hold rating and twelve have given a buy rating to the stock. L Brands has a consensus rating of “Hold” and a consensus price target of $51.86.
Shares of L Brands (LB) opened at $48.33 on Thursday. The company has a debt-to-equity ratio of -5.10, a quick ratio of 0.60 and a current ratio of 1.45. The stock has a market cap of $13,640.00, a PE ratio of 14.73, a PEG ratio of 1.40 and a beta of 0.81. L Brands has a 12 month low of $35.00 and a 12 month high of $63.10.
L Brands (NYSE:LB) last posted its earnings results on Wednesday, November 15th. The specialty retailer reported $0.30 earnings per share (EPS) for the quarter, hitting 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 net margin of 7.73% and a negative return on equity of 101.19%. L Brands’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.42 EPS. research analysts forecast that L Brands will post 3.13 earnings per share for the current year.
L Brands announced that its board has initiated a share repurchase program on Monday, September 18th that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the specialty retailer to reacquire up to 2.2% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.
In related news, Director David T. Kollat bought 9,910 shares of the business’s stock in a transaction dated Monday, November 20th. The stock was bought at an average price of $50.34 per share, for a total transaction of $498,869.40. Following the purchase, the director now owns 158,878 shares in the company, valued at approximately $7,997,918.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 16.68% of the company’s stock.
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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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