L Brands (NYSE:LB) updated its FY20 earnings guidance on Wednesday. The company provided EPS guidance of $2.30-2.60 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.37. L Brands also updated its FY 2019 guidance to $2.30-2.60 EPS.
A number of analysts have recently weighed in on the company. Loop Capital cut their price objective on L Brands to $20.00 and set a sell rating on the stock in a research report on Wednesday, May 15th. Zacks Investment Research lowered L Brands from a hold rating to a sell rating in a research report on Monday, May 13th. Odeon Capital Group assumed coverage on L Brands in a research report on Friday, April 26th. They set a buy rating on the stock. UBS Group upped their price objective on L Brands from $26.00 to $28.00 and gave the stock a neutral rating in a research report on Wednesday, April 10th. Finally, DA Davidson cut their price objective on L Brands to $26.00 and set a neutral rating on the stock in a research report on Friday, March 1st. Four investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and ten have given a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $33.35.
NYSE:LB traded down $1.18 during trading hours on Wednesday, hitting $21.50. The company’s stock had a trading volume of 7,229,548 shares, compared to its average volume of 4,376,059. The firm has a market capitalization of $6.17 billion, a PE ratio of 7.62, a price-to-earnings-growth ratio of 0.87 and a beta of 0.51. L Brands has a 52-week low of $21.47 and a 52-week high of $38.14.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 5.58%. The ex-dividend date of this dividend is Thursday, May 30th. L Brands’s dividend payout ratio (DPR) is presently 42.55%.
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L Brands Company Profile
L Brands, Inc operates as a specialty retailer of women's intimate and other apparel, beauty and personal care products, home fragrance products, and accessories. The company operates in three segments: Victoria's Secret, Bath & Body Works, and Victoria's Secret and Bath & Body Works International.
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