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L Brands (NYSE:LB) CEO Nicholas Coe sold 7,053 shares of the stock on the open market in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $57.80, for a total value of $407,663.40. Following the completion of the sale, the chief executive officer now directly owns 23,767 shares of the company’s stock, valued at approximately $1,373,733. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

LB has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of L Brands in a research note on Friday. They now have a $60.00 price target on the stock. Separately, analysts at Stifel Nicolaus upgraded shares of L Brands from a “hold” rating to a “buy” rating in a research note on Friday, May 23rd. They now have a $68.00 price target on the stock. Finally, analysts at Mizuho raised their price target on shares of L Brands from $52.00 to $56.00 in a research note on Friday, April 11th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $63.67.

Shares of L Brands (NYSE:LB) traded up 0.42% on Tuesday, hitting $58.00. The stock had a trading volume of 1,210,525 shares. L Brands has a 52 week low of $48.77 and a 52 week high of $67.12. The stock has a 50-day moving average of $55.54 and a 200-day moving average of $57.48. The company has a market cap of $16.878 billion and a P/E ratio of 18.64.

L Brands (NYSE:LB) last announced its earnings results on Wednesday, May 21st. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.01. The company had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.38 billion. During the same quarter in the previous year, the company posted $0.48 earnings per share. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, analysts predict that L Brands will post $3.17 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Friday, June 20th. Stockholders of record on Friday, June 6th will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 2.34%. The ex-dividend date is Wednesday, June 4th.

L Brands, Inc, formerly Limited Brands, Inc operates in the specialty retail business. The Company is a specialty retailer of women’s intimate and other apparel, beauty and personal care products and accessories.

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