Fort L.P. bought a new position in shares of L Brands Inc (NYSE:LB) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 4,148 shares of the specialty retailer’s stock, valued at approximately $106,000.

Other large investors also recently added to or reduced their stakes in the company. FNY Investment Advisers LLC purchased a new stake in L Brands during the 4th quarter worth approximately $37,000. JNBA Financial Advisors purchased a new stake in L Brands during the 4th quarter worth approximately $56,000. Synovus Financial Corp boosted its holdings in shares of L Brands by 167.8% in the 4th quarter. Synovus Financial Corp now owns 2,394 shares of the specialty retailer’s stock valued at $62,000 after acquiring an additional 1,500 shares during the last quarter. Ffcm LLC boosted its holdings in shares of L Brands by 85.0% in the 4th quarter. Ffcm LLC now owns 3,399 shares of the specialty retailer’s stock valued at $87,000 after acquiring an additional 1,562 shares during the last quarter. Finally, ETF Managers Group LLC boosted its holdings in shares of L Brands by 20.3% in the 4th quarter. ETF Managers Group LLC now owns 3,545 shares of the specialty retailer’s stock valued at $91,000 after acquiring an additional 597 shares during the last quarter. 71.42% of the stock is currently owned by institutional investors.

NYSE:LB opened at $26.58 on Friday. The firm has a market cap of $7.31 billion, a price-to-earnings ratio of 9.43, a P/E/G ratio of 1.01 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 $41.27.

L Brands (NYSE:LB) last posted its quarterly earnings data on Wednesday, February 27th. The specialty retailer reported $2.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.07 by $0.07. The company had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $4.90 billion. L Brands had a net margin of 4.86% and a negative return on equity of 69.36%. The firm’s revenue for the quarter was up .6% on a year-over-year basis. During the same period in the prior year, the business posted $2.11 earnings per share. Equities analysts predict that L Brands Inc will post 2.36 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, February 22nd were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 4.51%. The ex-dividend date was Thursday, February 21st. L Brands’s dividend payout ratio is presently 42.55%.

Several analysts have recently commented on the stock. Bank of America set a $35.00 price objective on shares of L Brands and gave the company a “hold” rating in a report on Tuesday, November 20th. Citigroup assumed coverage on shares of L Brands in a report on Thursday, December 20th. They issued a “market weight” rating on the stock. Wells Fargo & Co dropped their price objective on shares of L Brands from $55.00 to $50.00 and set an “outperform” rating on the stock in a report on Wednesday, January 2nd. Loop Capital set a $24.00 price objective on shares of L Brands and gave the company a “sell” rating in a report on Tuesday, November 20th. Finally, Piper Jaffray Companies set a $34.00 price objective on shares of L Brands and gave the company a “hold” rating in a report on Tuesday, November 20th. Three investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have issued a buy rating to the company’s stock. L Brands currently has an average rating of “Hold” and an average target price of $33.58.

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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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