Trexquant Investment LP bought a new stake in L Brands Inc (NYSE:LB) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 86,483 shares of the specialty retailer’s stock, valued at approximately $3,189,000.

Other institutional investors have also added to or reduced their stakes in the company. Piedmont Investment Advisors LLC bought a new position in L Brands in the second quarter valued at about $104,000. Old Mutual Global Investors UK Ltd. bought a new position in L Brands in the first quarter valued at about $117,000. Camarda Financial Advisors LLC bought a new position in L Brands in the first quarter valued at about $131,000. IBM Retirement Fund grew its position in L Brands by 46.8% in the first quarter. IBM Retirement Fund now owns 5,279 shares of the specialty retailer’s stock valued at $202,000 after acquiring an additional 1,684 shares during the last quarter. Finally, Norway Savings Bank bought a new position in L Brands in the second quarter valued at about $221,000. Hedge funds and other institutional investors own 75.35% of the company’s stock.

A number of research analysts have issued reports on the company. Nomura lifted their target price on L Brands from $29.00 to $31.00 and gave the company a “neutral” rating in a research report on Thursday, June 7th. UBS Group initiated coverage on L Brands in a research note on Thursday, June 21st. They set a “neutral” rating and a $37.00 price target on the stock. B. Riley cut their price target on L Brands from $58.00 to $49.00 and set a “buy” rating on the stock in a research note on Friday, May 25th. Barclays reissued a “hold” rating and set a $34.00 price target on shares of L Brands in a research note on Monday, May 28th. Finally, Royal Bank of Canada cut their price target on L Brands to $44.00 and set a “buy” rating on the stock in a research note on Thursday, April 26th. Seven equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eleven have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $41.89.

L Brands stock opened at $32.55 on Friday. The company has a current ratio of 1.56, a quick ratio of 0.83 and a debt-to-equity ratio of -5.90. The company has a market capitalization of $8.66 billion, a P/E ratio of 10.17, a P/E/G ratio of 0.98 and a beta of 0.58. L Brands Inc has a one year low of $30.42 and a one year high of $63.10.

L Brands (NYSE:LB) last posted its quarterly earnings data on Wednesday, May 23rd. The specialty retailer reported $0.17 EPS for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.02. The company had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.59 billion. L Brands had a negative return on equity of 93.09% and a net margin of 7.30%. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.33 earnings per share. equities analysts predict that L Brands Inc will post 2.77 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 7th. Investors of record on Friday, August 24th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 7.37%. The ex-dividend date of this dividend is Thursday, August 23rd. L Brands’s dividend payout ratio is currently 75.00%.

In related news, Director Donna James sold 1,000 shares of L Brands stock in a transaction that occurred on Friday, May 25th. The stock was sold at an average price of $35.29, for a total value of $35,290.00. Following the transaction, the director now directly owns 19,738 shares of the company’s stock, valued at $696,554.02. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 17.32% of the stock is owned by insiders.

L Brands 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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Institutional Ownership by Quarter for L Brands (NYSE:LB)

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