A number of firms have modified their ratings and price targets on shares of L Brands (NYSE: LB) recently:
L Brands Inc. (NYSE:LB) opened at 71.81 on Monday. The company has a market capitalization of $20.54 billion, a PE ratio of 18.07 and a beta of 0.88. The company has a 50 day moving average price of $70.26 and a 200-day moving average price of $70.68. L Brands Inc. has a one year low of $60.00 and a one year high of $99.83.
L Brands (NYSE:LB) last announced its quarterly earnings results on Wednesday, November 16th. The company reported $0.42 EPS for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.02. The business had revenue of $2.58 billion for the quarter, compared to analysts’ expectations of $2.57 billion. L Brands had a negative return on equity of 137.81% and a net margin of 9.31%. The business’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.55 EPS. Analysts expect that L Brands Inc. will post $3.69 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 2nd. Shareholders of record on Friday, November 18th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Wednesday, November 16th. This represents a $2.40 dividend on an annualized basis and a yield of 3.34%. L Brands’s dividend payout ratio (DPR) is currently 60.61%.