Beacon Financial Group maintained its position in shares of L Brands Inc (NYSE:LB) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,210 shares of the specialty retailer’s stock at the end of the first quarter. Beacon Financial Group’s holdings in L Brands were worth $200,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Quadrant Capital Group LLC increased its position in shares of L Brands by 6.2% in the third quarter. Quadrant Capital Group LLC now owns 2,365 shares of the specialty retailer’s stock worth $161,000 after buying an additional 139 shares in the last quarter. IFM Investors Pty Ltd bought a new position in shares of L Brands during the fourth quarter worth approximately $201,000. HL Financial Services LLC bought a new position in shares of L Brands during the third quarter worth approximately $202,000. Azimuth Capital Management LLC boosted its stake in shares of L Brands by 3.3% in the fourth quarter. Azimuth Capital Management LLC now owns 3,100 shares of the specialty retailer’s stock valued at $204,000 after buying an additional 100 shares during the last quarter. Finally, Baird Financial Group Inc. boosted its stake in shares of L Brands by 1.1% in the fourth quarter. Baird Financial Group Inc. now owns 3,177 shares of the specialty retailer’s stock valued at $209,000 after buying an additional 34 shares during the last quarter. Institutional investors and hedge funds own 74.20% of the company’s stock.
Shares of L Brands Inc (NYSE:LB) traded up 2.52% during trading on Thursday, reaching $49.72. 2,202,742 shares of the company’s stock were exchanged. The stock has a 50 day moving average price of $48.78 and a 200-day moving average price of $61.69. The stock has a market capitalization of $14.17 billion, a price-to-earnings ratio of 12.49 and a beta of 0.82. L Brands Inc has a 52 week low of $43.04 and a 52 week high of $80.20.
L Brands (NYSE:LB) last issued its quarterly earnings data on Wednesday, February 22nd. The specialty retailer reported $2.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $0.13. L Brands had a net margin of 9.31% and a negative return on equity of 137.81%. The business had revenue of $4.49 billion for the quarter, compared to analysts’ expectations of $4.51 billion. During the same period in the previous year, the business earned $2.15 earnings per share. The company’s revenue was up 2.1% on a year-over-year basis. Analysts predict that L Brands Inc will post $3.20 earnings per share for the current year.
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Several equities research analysts have recently weighed in on LB shares. Wolfe Research lowered their price target on shares of L Brands from $67.00 to $62.00 and set a “peer perform” rating for the company in a research report on Friday, January 6th. Zacks Investment Research cut shares of L Brands from a “hold” rating to a “sell” rating in a research report on Tuesday, March 14th. Wedbush set a $47.00 target price on shares of L Brands and gave the company a “hold” rating in a research report on Sunday, February 26th. Piper Jaffray Companies reissued a “neutral” rating and set a $48.00 target price on shares of L Brands in a research report on Wednesday, April 12th. Finally, Jefferies Group LLC set a $48.00 target price on shares of L Brands and gave the company a “sell” rating in a research report on Thursday, January 5th. Five equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. L Brands presently has an average rating of “Hold” and a consensus price target of $62.98.
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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