L Brands Inc(NYSE:LB) Declares Dividend of $0.6000.

L Brands Inc (NYSE:LB) had declared a cash dividend of $0.6000 on Aug 5, 2016. The shares will quote ex-dividend on Aug 17, 2016 and the record date has been fixed for Aug 19, 2016. On Aug 5, 2016 share price, the yield comes out to be 3.2963%. The dividend payable date has been fixed on Sep 2, 2016.

In a different note, On Aug 5, 2016, Goldman Sachs said it Maintains its rating on L Brands Inc. In the research note, the firm Raises the price-target to $64.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jun 28, 2016, Bank of America said it Downgrades its rating on L Brands Inc. The shares have been rated ‘Underperform’ by the firm. On May 20, 2016, Cowen & Company said it Maintains its rating on L Brands Inc. In the research note, the firm Lowers the price-target to $81.00 per share. The shares have been rated ‘Outperform’ by the firm. On May 20, 2016, Goldman Sachs said it Maintains its rating on L Brands Inc. In the research note, the firm Lowers the price-target to $75.00 per share. The shares have been rated ‘Neutral’ by the firm. On May 20, 2016, Bernstein said it Maintains its rating on L Brands Inc. In the research note, the firm Lowers the price-target to $90.00 per share. The shares have been rated ‘Outperform’ by the firm. On May 19, 2016, MKM Partners said it Downgrades its rating on L Brands Inc. In the research note, the firm Lowers the price-target to $83.00 per share. The shares have been rated ‘Neutral’ by the firm.

L Brands Inc (LB) made into the market gainers list on Wednesdays trading session with the shares advancing 0.61% or 0.45 points. Due to strong positive momentum, the stock ended at $74.06, which is also near the day’s high of $74.12. The stock began the session at $73.34 and the volume stood at 21,61,470 shares. The 52-week high of the shares is $101.11 and the 52 week low is $60. The company has a current market capitalization of $21,292 M and it has 28,75,02,400 shares in outstanding.

L Brands Inc(LB) last announced its earnings results on May 18, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $2.61B. Analysts had an estimated revenue of $2.62B. Earnings per share were $0.59. Analysts had estimated an EPS of $0.56.

Several Insider Transactions has been reported to the SEC. On Jul 12, 2016, Nicholas Coe (CEO-Bath and Body Works) sold 4,951 shares at $67.53 per share price.Also, On Jun 24, 2016, Allan R Tessler (director) purchased 3,500 shares at $67.92 per share price.On Dec 30, 2015, Raymond Zimmerman (director) sold 1,500 shares at $96.26 per share price, according to the Form-4 filing with the securities and exchange commission.

L Brands Inc. operates specialty retail business. The Company is a specialty retailer of women’s intimate and other apparel beauty and personal care products and accessories. It operates in three segments: Victoria’s Secret which includes Victoria’s Secret PINK which is the specialty retailer of women’s intimate and other apparel with fashion-inspired collections prestige fragrances celebrated supermodels and world-famous runway shows; Bath & Body Works which is the specialty retailer of home fragrance and personal care products including shower gels lotions soaps and sanitizers and Victoria’s Secret and Bath & Body Works International which includes the Victoria’s Secret and Bath & Body Works company-owned and partner-operated stores outside of the United States and Canada. It sells its merchandise through company-owned specialty retail stores in the United States Canada and the United Kingdom which are primarily mall-based and through its Websites and other channels.

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