L Brands, Inc. (NYSE:LB) is expected to pay $0.60 on Dec 2, 2016. The indicated annual dividend is $2.40. Shareholders owning the stock before Nov 16, 2016 will be eligible to receive the payout. Based on L Brands, Inc.’s current price of $70.34, the dividend is 0.85%. This dividend’s record date is Nov 18, 2016 and the announcement date is Nov 4, 2016. The stock increased 1.69% or $1.17 during the last trading session, hitting $70.34. L Brands Inc (NYSE:LB) has declined 11.87% since April 13, 2016 and is downtrending. It has underperformed by 15.79% the S&P500.
L Brands, Inc. operates specialty retail business. The company has a market cap of $20.42 billion. The Firm is focused on women’s intimate and other apparel, personal care and beauty categories. It has a 17.24 P/E ratio. The Firm operates through three divisions: Victoria’s Secret, Bath & Body Works, and Victoria’s Secret and Bath & Body Works International.
Insitutional Activity: The institutional sentiment decreased to 0.9 in Q2 2016. Its down 0.35, from 1.25 in 2016Q1. The ratio dropped, as 98 funds sold all L Brands Inc shares owned while 144 reduced positions. 50 funds bought stakes while 168 increased positions. They now own 214.85 million shares or 2.03% less from 219.30 million shares in 2016Q1.
The Ontario – Canada-based Ontario Teachers Pension Plan Board has invested 0.05% in L Brands Inc (NYSE:LB). Atlantic Gru Ltd Liability has 0.03% invested in the company for 55,745 shares. Tcw Grp Inc Inc reported 20,350 shares or 0.01% of all its holdings. Wfg Advisors L P has invested 0.01% of its portfolio in L Brands Inc (NYSE:LB). Ronald Blue & Communication Limited Co last reported 4,649 shares in the company. State Teachers Retirement System accumulated 416,895 shares or 0.07% of the stock. Fort Washington Invest Advsr Oh has 34,108 shares for 0.04% of their US portfolio. Tower Rech Cap (Trc) last reported 1,837 shares in the company. Gotham Asset Mgmt Limited Liability Corporation owns 407,299 shares or 0.33% of their US portfolio. Chevy Chase Tru has 218,403 shares for 0.08% of their US portfolio. Moreover, Canada Pension Plan Investment Board has 0% invested in L Brands Inc (NYSE:LB) for 7,800 shares. Vanguard Grp last reported 15.41 million shares in the company. Fortaleza Asset Mgmt Incorporated has 0% invested in the company for 25 shares. Mirae Asset Glob Investments holds 0.04% of its portfolio in L Brands Inc (NYSE:LB) for 20,647 shares. Sei Invests, a Pennsylvania-based fund reported 325,824 shares.
L Brands Inc (NYSE:LB) Ratings Coverage
Out of 24 analysts covering L Brands (NYSE:LB), 9 rate it a “Buy”, 2 “Sell”, while 13 “Hold”. This means 38% are positive. L Brands has been the topic of 84 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Thursday, May 19 by Robert W. Baird. The rating was downgraded by JP Morgan to “Neutral” on Monday, November 9. The firm has “Outperform” rating by Telsey Advisory Group given on Wednesday, November 4. The rating was maintained by Cantor Fitzgerald on Friday, August 7 with “Hold”. The rating was upgraded by Goldman Sachs on Monday, August 22 to “Buy”. The firm earned “Buy” rating on Monday, November 14 by Citigroup. The rating was maintained by Citigroup with “Neutral” on Friday, August 19. Mizuho downgraded L Brands Inc (NYSE:LB) rating on Tuesday, November 1. Mizuho has “Neutral” rating and $70.0 price target. Cantor Fitzgerald maintained it with “Hold” rating and $99 target price in Friday, December 4 report. The firm has “Hold” rating by Stifel Nicolaus given on Saturday, August 22.
More important recent L Brands Inc (NYSE:LB) news were published by: Forbes.com which released: “Ex-Dividend Reminder: L Brands, National CineMedia and Avista” on November 14, 2016, also Wsj.com published article titled: “L Brands CEO Says Victoria’s Secret Was Getting Stale”, Forbes.com published: “Victoria’s Secret Gives Little Lift To L Brands” on November 03, 2016. More interesting news about L Brands Inc (NYSE:LB) was released by: Zacks.com and their article: “L Brands (LB) Q3 Earnings Preview: What’s in the Cards?” with publication date: November 14, 2016.
LB Company Profile
L Brands, Inc., incorporated on March 16, 1982, operates specialty retail business. The Firm is focused on women’s intimate and other apparel, personal care and beauty categories. The Firm sells its merchandise through Company-owned specialty retail stores in the United States, Canada and the United Kingdom, which are primarily mall-based; through Websites, and through international franchise, license and wholesale partners (collectively partners). The Firm operates through three divisions: Victoria’s Secret, Bath & Body Works, and Victoria’s Secret and Bath & Body Works International. The Firm operates the retail brands, which include Victoria’s Secret, PINK, Bath & Body Works, La Senza and Henri Bendel. La Senza is a specialty retailer of women’s intimate apparel. The Firm sells its La Senza products at over 140 La Senza stores in Canada and online at www.LaSenza.com. Additionally, La Senza has approximately 220 stores in over 30 other countries operating under franchise, license and wholesale arrangements. Bath & Body Works is a specialty retailer of personal care, soaps, sanitizers and home fragrance products. Henri Bendel is an operator of approximately 30 specialty stores, which sells handbags, jewelry and other accessory products. Mast Global is a merchandise sourcing and production function serving the Company and its international partners.
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