ERn Financial LLC bought a new position in shares of L Brands Inc (NYSE:LB) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 10,495 shares of the specialty retailer’s stock, valued at approximately $269,000.

Several other institutional investors have also modified their holdings of LB. FNY Investment Advisers LLC acquired a new stake in shares of L Brands in the fourth quarter valued at about $37,000. JNBA Financial Advisors acquired a new stake in shares of L Brands in the fourth quarter valued at about $56,000. Synovus Financial Corp grew its position in shares of L Brands by 167.8% in the fourth quarter. Synovus Financial Corp now owns 2,394 shares of the specialty retailer’s stock valued at $62,000 after purchasing an additional 1,500 shares during the period. Ffcm LLC grew its position in shares of L Brands by 85.0% in the fourth quarter. Ffcm LLC now owns 3,399 shares of the specialty retailer’s stock valued at $87,000 after purchasing an additional 1,562 shares during the period. Finally, ETF Managers Group LLC grew its position in shares of L Brands by 20.3% in the fourth quarter. ETF Managers Group LLC now owns 3,545 shares of the specialty retailer’s stock valued at $91,000 after purchasing an additional 597 shares during the period. 72.03% of the stock is owned by hedge funds and other institutional investors.

Shares of LB stock opened at $27.93 on Wednesday. The company has a market capitalization of $7.53 billion, a P/E ratio of 9.90, a price-to-earnings-growth ratio of 1.05 and a beta of 0.55. L Brands Inc has a fifty-two week low of $23.71 and a fifty-two week high of $38.94.

L Brands (NYSE:LB) last posted its quarterly earnings results on Wednesday, February 27th. The specialty retailer reported $2.14 EPS for the quarter, topping the consensus estimate of $2.07 by $0.07. L Brands had a net margin of 4.86% and a negative return on equity of 73.73%. The company had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $4.90 billion. During the same quarter in the previous year, the business posted $2.11 EPS. The firm’s revenue was up .6% on a year-over-year basis. Research analysts expect that L Brands Inc will post 2.36 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, February 22nd were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 4.30%. The ex-dividend date of this dividend was Thursday, February 21st. L Brands’s dividend payout ratio (DPR) is presently 42.55%.

LB has been the topic of a number of recent research reports. Wells Fargo & Co set a $42.00 price target on shares of L Brands and gave the stock a “buy” rating in a research report on Thursday, February 28th. B. Riley set a $44.00 price target on shares of L Brands and gave the stock a “buy” rating in a research report on Friday, January 11th. Zacks Investment Research upgraded shares of L Brands from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Friday, January 18th. DA Davidson initiated coverage on shares of L Brands in a research report on Tuesday, December 18th. They set a “neutral” rating and a $32.00 price target on the stock. Finally, Credit Suisse Group lowered their price target on shares of L Brands from $36.00 to $30.00 and set a “neutral” rating on the stock in a research report on Friday, January 11th. Three investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have given a buy rating to the stock. L Brands presently has an average rating of “Hold” and an average price target of $33.58.

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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.

See Also: 12b-1 Fees

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

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