Exane Derivatives Has $3.84 Million Position in L Brands Inc (LB)

Exane Derivatives increased its stake in L Brands Inc (NYSE:LB) by 11.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 139,415 shares of the specialty retailer’s stock after purchasing an additional 14,350 shares during the quarter. Exane Derivatives’ holdings in L Brands were worth $3,844,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Steward Partners Investment Advisory LLC increased its stake in L Brands by 4.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 10,178 shares of the specialty retailer’s stock worth $261,000 after purchasing an additional 403 shares in the last quarter. Investors Asset Management of Georgia Inc. GA ADV increased its stake in L Brands by 2.7% in the 1st quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 19,074 shares of the specialty retailer’s stock worth $526,000 after purchasing an additional 500 shares in the last quarter. ETF Managers Group LLC increased its stake in L Brands by 20.3% in the 4th quarter. ETF Managers Group LLC now owns 3,545 shares of the specialty retailer’s stock worth $91,000 after purchasing an additional 597 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in L Brands by 7.2% in the 4th quarter. Daiwa Securities Group Inc. now owns 8,934 shares of the specialty retailer’s stock worth $229,000 after purchasing an additional 600 shares in the last quarter. Finally, Nissay Asset Management Corp Japan ADV increased its stake in L Brands by 3.9% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 19,159 shares of the specialty retailer’s stock worth $492,000 after purchasing an additional 724 shares in the last quarter. 72.08% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts recently weighed in on LB shares. Wells Fargo & Co dropped their price target on L Brands from $55.00 to $50.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 2nd. JPMorgan Chase & Co. dropped their price target on L Brands from $34.00 to $29.00 and set a “neutral” rating on the stock in a research note on Monday, January 7th. Loop Capital set a $23.00 target price on L Brands and gave the company a “sell” rating in a research note on Thursday, January 10th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $31.00 target price (down previously from $33.00) on shares of L Brands in a research note on Friday, January 11th. Finally, Credit Suisse Group lowered their target price on L Brands from $36.00 to $30.00 and set a “neutral” rating on the stock in a research note on Friday, January 11th. Three analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and ten have given a buy rating to the company. L Brands currently has an average rating of “Hold” and a consensus target price of $33.36.

Shares of NYSE LB traded up $0.73 during trading hours on Wednesday, hitting $26.04. The stock had a trading volume of 165,841 shares, compared to its average volume of 4,431,708. The stock has a market cap of $6.99 billion, a price-to-earnings ratio of 9.15, a PEG ratio of 0.99 and a beta of 0.55. L Brands Inc has a 52 week low of $23.71 and a 52 week high of $38.14.

L Brands (NYSE:LB) last announced its quarterly earnings results on Wednesday, February 27th. The specialty retailer reported $2.14 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.06 by $0.08. The business had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $4.90 billion. L Brands had a negative return on equity of 73.73% and a net margin of 4.86%. The firm’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.11 EPS. Analysts predict that L Brands Inc will post 2.36 EPS for the current fiscal year.

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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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