L Brands, Inc. (NYSE:LB) Director David T. Kollat acquired 9,910 shares of the stock in a transaction dated Monday, November 20th. The stock was acquired at an average price of $50.34 per share, for a total transaction of $498,869.40. Following the purchase, the director now directly owns 158,878 shares in the company, valued at $7,997,918.52. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

L Brands, Inc. (LB) traded down $0.42 during trading hours on Tuesday, hitting $50.06. The stock had a trading volume of 3,450,000 shares, compared to its average volume of 4,224,021. L Brands, Inc. has a fifty-two week low of $35.00 and a fifty-two week high of $75.50. The company has a market capitalization of $14,090.00, a P/E ratio of 16.08, a price-to-earnings-growth ratio of 1.40 and a beta of 0.68. The company has a debt-to-equity ratio of -6.25, a quick ratio of 1.05 and a current ratio of 1.68.

L Brands (NYSE:LB) last released its earnings results on Wednesday, November 15th. The specialty retailer reported $0.30 earnings per share for the quarter, hitting the consensus estimate of $0.30. L Brands had a negative return on equity of 110.21% and a net margin of 7.73%. The business had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same period last year, the company earned $0.42 earnings per share. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. analysts forecast that L Brands, Inc. will post 3.13 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Friday, November 24th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $2.40 annualized dividend and a dividend yield of 4.79%. L Brands’s dividend payout ratio (DPR) is 73.17%.

L Brands announced that its board has authorized a stock repurchase plan on Monday, September 18th that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the specialty retailer to repurchase up to 2.2% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

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A number of equities research analysts have commented on LB shares. Goldman Sachs Group, Inc. (The) set a $59.00 target price on shares of L Brands and gave the stock a “buy” rating in a research note on Thursday, August 17th. Deutsche Bank AG set a $56.00 target price on shares of L Brands and gave the stock a “buy” rating in a research note on Thursday, August 17th. Buckingham Research decreased their target price on shares of L Brands from $62.00 to $52.00 and set a “buy” rating on the stock in a research note on Friday, August 4th. Oppenheimer Holdings, Inc. set a $55.00 target price on shares of L Brands and gave the stock a “buy” rating in a research note on Thursday, August 17th. Finally, Cowen and Company set a $40.00 target price on shares of L Brands and gave the stock a “buy” rating in a research note on Friday, August 18th. Six investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and eleven have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $48.11.

Several hedge funds have recently added to or reduced their stakes in the stock. M&T Bank Corp raised its holdings in shares of L Brands by 0.3% in the second quarter. M&T Bank Corp now owns 17,171 shares of the specialty retailer’s stock valued at $925,000 after acquiring an additional 53 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of L Brands by 0.5% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 17,901 shares of the specialty retailer’s stock valued at $965,000 after acquiring an additional 83 shares in the last quarter. Louisiana State Employees Retirement System raised its holdings in shares of L Brands by 0.7% in the second quarter. Louisiana State Employees Retirement System now owns 14,900 shares of the specialty retailer’s stock valued at $803,000 after acquiring an additional 100 shares in the last quarter. Financial Advisors Network Inc. raised its holdings in shares of L Brands by 2.8% in the second quarter. Financial Advisors Network Inc. now owns 4,879 shares of the specialty retailer’s stock valued at $263,000 after acquiring an additional 134 shares in the last quarter. Finally, State Treasurer State of Michigan raised its holdings in shares of L Brands by 0.3% in the second quarter. State Treasurer State of Michigan now owns 79,144 shares of the specialty retailer’s stock valued at $4,265,000 after acquiring an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 76.63% of the company’s stock.

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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