Moors & Cabot Inc. purchased a new position in shares of L Brands Inc (NYSE:LB) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 7,348 shares of the specialty retailer’s stock, valued at approximately $206,000.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Kwmg LLC increased its holdings in L Brands by 6.2% during the 4th quarter. Kwmg LLC now owns 74,293 shares of the specialty retailer’s stock worth $1,907,000 after purchasing an additional 4,309 shares during the last quarter. Susquehanna Fundamental Investments LLC increased its holdings in L Brands by 245.1% during the 4th quarter. Susquehanna Fundamental Investments LLC now owns 195,300 shares of the specialty retailer’s stock worth $5,013,000 after purchasing an additional 138,702 shares during the last quarter. American International Group Inc. increased its holdings in L Brands by 25.4% during the 4th quarter. American International Group Inc. now owns 12,224,858 shares of the specialty retailer’s stock worth $313,812,000 after purchasing an additional 2,472,416 shares during the last quarter. Exane Derivatives increased its holdings in L Brands by 11.5% during the 1st quarter. Exane Derivatives now owns 139,415 shares of the specialty retailer’s stock worth $3,844,000 after purchasing an additional 14,350 shares during the last quarter. Finally, CSat Investment Advisory L.P. increased its holdings in L Brands by 31.8% during the 4th quarter. CSat Investment Advisory L.P. now owns 42,531 shares of the specialty retailer’s stock worth $1,092,000 after purchasing an additional 10,271 shares during the last quarter. 69.26% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have issued reports on the company. Zacks Investment Research downgraded L Brands from a “hold” rating to a “sell” rating in a report on Monday, May 13th. Wells Fargo & Co set a $35.00 price objective on L Brands and gave the stock an “outperform” rating in a report on Thursday. UBS Group boosted their price target on L Brands from $26.00 to $28.00 and gave the company a “neutral” rating in a report on Wednesday, April 10th. Loop Capital lowered their price target on L Brands to $20.00 and set a “sell” rating for the company in a report on Wednesday, May 15th. Finally, Credit Suisse Group lowered their price target on L Brands from $30.00 to $25.00 and set a “neutral” rating for the company in a report on Thursday, February 28th. Four investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $32.17.
NYSE:LB opened at $24.84 on Friday. L Brands Inc has a 12-month low of $21.47 and a 12-month high of $38.14. The company has a market cap of $6.84 billion, a P/E ratio of 8.81, a P/E/G ratio of 0.88 and a beta of 0.51.
L Brands (NYSE:LB) last released its quarterly earnings data on Wednesday, May 22nd. The specialty retailer reported $0.14 earnings per share (EPS) for the quarter. L Brands had a negative return on equity of 73.73% and a net margin of 4.86%. The business had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.56 billion. During the same quarter in the previous year, the firm posted $0.17 EPS. The business’s revenue for the quarter was up .1% compared to the same quarter last year. Equities analysts forecast that L Brands Inc will post 2.35 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $1.20 dividend on an annualized basis and a yield of 4.83%. L Brands’s dividend payout ratio is currently 42.55%.
L Brands Company Profile
L Brands, Inc operates as a specialty retailer of women's intimate and other apparel, beauty and personal care products, home fragrance products, and accessories. The company operates in three segments: Victoria's Secret, Bath & Body Works, and Victoria's Secret and Bath & Body Works International.
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