News stories about L Brands (NYSE:LB) have trended somewhat positive recently, according to Accern. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. L Brands earned a news impact score of 0.06 on Accern’s scale. Accern also gave press coverage about the specialty retailer an impact score of 46.4495506188972 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- L Brands’ February Comps Rise, Share Buyback Plan Announced (msn.com)
- Loop Capital Initiates Coverage on L Brands (LB) (americanbankingnews.com)
- Victoria’s Secret parent L Brands Inc shares up after February sales numbers, US$250mln stock repurchase program (proactiveinvestors.co.uk)
- Victoria’s Secret parent L Brands reports February sales growth, sets new stock buyback program (marketwatch.com)
- L Brands Feb. Comps. Up 3% – Quick Facts (markets.businessinsider.com)
LB has been the subject of several recent research reports. Morgan Stanley reiterated an “overweight” rating and set a $70.00 price target on shares of L Brands in a report on Thursday, December 14th. Deutsche Bank decreased their price target on L Brands from $67.00 to $65.00 and set a “buy” rating for the company in a report on Monday, February 26th. B. Riley reiterated a “buy” rating and set a $58.00 price target on shares of L Brands in a report on Wednesday, November 29th. Bank of America set a $38.00 price target on L Brands and gave the stock a “sell” rating in a report on Thursday, March 1st. Finally, CIBC reiterated a “hold” rating and set a $60.00 price target on shares of L Brands in a report on Friday, December 8th. Six investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and eleven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $50.40.
L Brands (NYSE:LB) last issued its quarterly earnings results on Wednesday, February 28th. The specialty retailer reported $2.11 EPS for the quarter, beating analysts’ consensus estimates of $2.05 by $0.06. L Brands had a negative return on equity of 96.25% and a net margin of 7.78%. The firm had revenue of $4.82 billion for the quarter, compared to analysts’ expectations of $4.72 billion. During the same quarter in the prior year, the firm earned $2.03 EPS. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. research analysts forecast that L Brands will post 3.17 earnings per share for the current fiscal year.
L Brands declared that its Board of Directors has approved a share repurchase plan on Thursday, March 8th that permits the company to buyback $226.90 million in outstanding shares. This buyback authorization permits the specialty retailer to reacquire shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its shares are undervalued.
The company also recently declared a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Friday, February 23rd were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 5.68%. L Brands’s dividend payout ratio is presently 76.92%.
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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