Finally, Citigroup Inc. reissued a hold rating on shares of L Brands in a report on Wednesday, April 20th. Investors of record on Friday, August 19th will be given a dividend of $0.60 per share.
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In other news, Director Allan R. Tessler bought 3,500 shares of the company’s stock in a transaction on Friday, June 24th. This represents a $2.40 annualized dividend and a yield of 3.24%.
L Brands (NYSE:LB) had its stock rating noted as “Mkt Perform” by analysts at FBR Capital. Piper Jaffray Cos. cut shares of L Brands from a neutral rating to an underweight rating and set a $65.00 price objective for the company.in a report on Thursday, May 5th. The shares have been rated “Underperform” by the firm. L Brands, Inc. was founded in 1963 and is headquartered in Columbus, Ohio. Bernstein maintained the shares of LB in a report on May 20 with “Outperform” rating. L Brands Inc has been the topic of 56 analyst reports since August 21, 2015 according to StockzIntelligence Inc. In the research note, the firm Lowers the price-target to $75.00 per share.
Abrams Bison Investments Llc holds 10.98% of its portfolio in L Brands Inc for 1.21 million shares. Due to strong positive momentum, the stock ended at $74.06, which is also near the day’s high of $74.12. 2,144,892 shares of the stock traded hands.
L Brands gave light third-quarter guidance of 40 cents to 45 cents a share, which was shy of analysts’ estimate of 47 cents a share.
With a market capitalization of $22.2B, L Brands has a price-earnings of 20 with a 52 week low of $60.00 and a one-year high of $101.11. Revenue rose 4.5% from past year to $2.89 billion, also beating estimates. Earnings per share were $0.59. Analyst had a consensus of $0.60.
Q2 comps at Bath & Body Works rose 6%.
L Brands, Inc operates specialty retail business.
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According to Zacks Investment Research, “L Brands, Inc. operates as a retailer of women’s intimate and other apparel, beauty and personal care products and accessories primarily in the United States”. It operates in three segments: Victoria’s Secret which includes Victoria’s Secret PINK which is the specialty retailer of women’s intimate and other apparel with fashion-inspired collections prestige fragrances celebrated supermodels and world-famous runway shows; Bath & Body Works which is the specialty retailer of home fragrance and personal care products including shower gels lotions soaps and sanitizers and Victoria’s Secret and Bath & Body Works International which includes the Victoria’s Secret and Bath & Body Works company-owned and partner-operated stores outside of the United States and Canada.
