Dimensional Fund Advisors LP Has $21.46 Million Stake in L Brands Inc (LB)

Dimensional Fund Advisors LP lifted its position in L Brands Inc (NYSE:LB) by 7.6% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 515,613 shares of the specialty retailer’s stock after acquiring an additional 36,547 shares during the period. Dimensional Fund Advisors LP’s holdings in L Brands were worth $21,459,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of LB. Janus Henderson Group PLC lifted its stake in shares of L Brands by 4,925.7% in the second quarter. Janus Henderson Group PLC now owns 1,703,014 shares of the specialty retailer’s stock worth $91,776,000 after buying an additional 1,669,128 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of L Brands by 328.4% in the third quarter. American Century Companies Inc. now owns 1,240,439 shares of the specialty retailer’s stock worth $51,615,000 after buying an additional 950,859 shares in the last quarter. Flossbach Von Storch AG lifted its stake in shares of L Brands by 81.2% in the third quarter. Flossbach Von Storch AG now owns 2,054,020 shares of the specialty retailer’s stock worth $85,468,000 after buying an additional 920,710 shares in the last quarter. Black Creek Investment Management Inc. bought a new position in shares of L Brands in the second quarter worth approximately $38,262,000. Finally, State of New Jersey Common Pension Fund D lifted its stake in shares of L Brands by 1,021.9% in the third quarter. State of New Jersey Common Pension Fund D now owns 768,500 shares of the specialty retailer’s stock worth $31,977,000 after buying an additional 700,000 shares in the last quarter. Hedge funds and other institutional investors own 78.82% of the company’s stock.

Shares of L Brands Inc (LB) opened at $50.69 on Monday. L Brands Inc has a twelve month low of $35.00 and a twelve month high of $63.10. The company has a market cap of $14,310.00, a P/E ratio of 15.45, a price-to-earnings-growth ratio of 1.41 and a beta of 0.81. The company has a current ratio of 1.45, a quick ratio of 0.60 and a debt-to-equity ratio of -5.10.

L Brands (NYSE:LB) last announced its earnings results on Wednesday, November 15th. The specialty retailer reported $0.30 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.30. L Brands had a net margin of 7.73% and a negative return on equity of 101.19%. The business had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.57 billion. During the same period in the prior year, the company earned $0.42 earnings per share. The firm’s revenue was up 1.4% on a year-over-year basis. equities research analysts predict that L Brands Inc will post 3.12 EPS for the current year.

Several brokerages have recently issued reports on LB. Robert W. Baird reiterated a “hold” rating and issued a $60.00 target price on shares of L Brands in a research note on Friday, December 22nd. BMO Capital Markets set a $56.00 price objective on shares of L Brands and gave the company a “hold” rating in a research report on Tuesday, December 19th. Telsey Advisory Group increased their price objective on shares of L Brands from $64.00 to $70.00 and gave the company an “outperform” rating in a research report on Tuesday, January 2nd. Morgan Stanley restated an “overweight” rating and set a $70.00 price objective on shares of L Brands in a research report on Thursday, December 14th. Finally, CIBC restated a “hold” rating and set a $60.00 price objective on shares of L Brands in a research report on Friday, December 8th. Six analysts have rated the stock with a sell rating, twenty have issued a hold rating and twelve have assigned a buy rating to the stock. L Brands presently has a consensus rating of “Hold” and an average target price of $51.63.

In other news, Director David T. Kollat acquired 9,910 shares of L Brands stock in a transaction dated Monday, November 20th. The stock was purchased at an average cost of $50.34 per share, with a total value of $498,869.40. Following the completion of the purchase, the director now directly owns 158,878 shares in the company, valued at approximately $7,997,918.52. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 16.68% of the stock is currently owned by corporate insiders.

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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.

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

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