Windward Capital Management Co. CA Raises Position in L Brands, Inc. (NYSE:LB)

Windward Capital Management Co. CA increased its position in shares of L Brands, Inc. (NYSE:LB) by 1.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 59,529 shares of the specialty retailer’s stock after buying an additional 842 shares during the period. Windward Capital Management Co. CA’s holdings in L Brands were worth $3,208,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of LB. BlackRock Inc. raised its stake in shares of L Brands by 3,863.4% in the first quarter. BlackRock Inc. now owns 19,000,928 shares of the specialty retailer’s stock worth $894,945,000 after buying an additional 18,521,518 shares during the period. Wellington Management Group LLP raised its stake in L Brands by 86.8% in the first quarter. Wellington Management Group LLP now owns 14,514,565 shares of the specialty retailer’s stock valued at $683,636,000 after buying an additional 6,745,624 shares during the period. Primecap Management Co. CA raised its stake in L Brands by 16.1% in the first quarter. Primecap Management Co. CA now owns 18,797,936 shares of the specialty retailer’s stock valued at $885,383,000 after buying an additional 2,600,605 shares during the period. Renaissance Technologies LLC acquired a new stake in L Brands during the first quarter valued at $101,243,000. Finally, American Century Companies Inc. raised its stake in L Brands by 4,831.7% in the first quarter. American Century Companies Inc. now owns 1,536,226 shares of the specialty retailer’s stock valued at $72,356,000 after buying an additional 1,505,076 shares during the period. Institutional investors and hedge funds own 75.43% of the company’s stock.

L Brands, Inc. (NYSE LB) traded down 0.87% during mid-day trading on Friday, reaching $40.88. 3,752,253 shares of the company traded hands. L Brands, Inc. has a one year low of $40.77 and a one year high of $79.67. The stock’s 50-day moving average price is $46.63 and its 200-day moving average price is $50.65. The firm has a market cap of $11.73 billion, a PE ratio of 10.77 and a beta of 0.62.

L Brands (NYSE:LB) last issued its quarterly earnings results on Wednesday, May 17th. The specialty retailer reported $0.33 EPS for the quarter, topping the consensus estimate of $0.29 by $0.04. L Brands had a net margin of 8.87% and a negative return on equity of 104.19%. The company had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.46 billion. During the same quarter in the previous year, the company earned $0.59 EPS. L Brands’s revenue was down 6.8% on a year-over-year basis. Analysts forecast that L Brands, Inc. will post $3.24 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 18th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 5.87%. The ex-dividend date is Wednesday, August 16th. L Brands’s dividend payout ratio is 63.16%.

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LB has been the topic of several research reports. Buckingham Research reiterated a “buy” rating on shares of L Brands in a research note on Wednesday, April 26th. Jefferies Group LLC set a $35.00 price objective on shares of L Brands and gave the stock a “sell” rating in a research note on Tuesday, July 4th. Deutsche Bank AG dropped their price objective on shares of L Brands from $62.00 to $61.00 and set a “buy” rating on the stock in a research note on Friday, May 5th. Vetr upgraded shares of L Brands from a “strong sell” rating to a “sell” rating and set a $46.89 price objective on the stock in a research note on Monday, June 5th. Finally, Zacks Investment Research upgraded shares of L Brands from a “sell” rating to a “hold” rating in a research note on Tuesday, April 25th. Five research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and nine have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $55.76.

In related news, CEO Nicholas Coe sold 39,839 shares of the business’s stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $48.88, for a total transaction of $1,947,330.32. Following the completion of the transaction, the chief executive officer now owns 75,658 shares in the company, valued at $3,698,163.04. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 16.45% of the stock is owned by insiders.

L Brands Company Profile

L Brands, Inc operates specialty retail business. The Company is focused on women’s intimate and other apparel, personal care, beauty and home fragrance categories. Its segments include Victoria’s Secret, Bath & Body Works, and Victoria’s Secret and Bath & Body Works International. It sells its merchandise through company-owned specialty retail stores in the United States, Canada, the United Kingdom and Greater China, which are mall-based; through Websites, and through international franchise, license and wholesale partners.

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

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