Disciplined Growth Investors Inc. MN Increases Position in L Brands Inc (LB)

Disciplined Growth Investors Inc. MN lifted its position in L Brands Inc (NYSE:LB) by 0.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,970,729 shares of the specialty retailer’s stock after purchasing an additional 5,669 shares during the period. L Brands accounts for about 2.3% of Disciplined Growth Investors Inc. MN’s investment portfolio, making the stock its 13th biggest position. Disciplined Growth Investors Inc. MN’s holdings in L Brands were worth $118,677,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Tower Research Capital LLC TRC boosted its holdings in shares of L Brands by 182.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,110 shares of the specialty retailer’s stock valued at $128,000 after purchasing an additional 1,364 shares during the period. Gradient Investments LLC purchased a new stake in shares of L Brands in the fourth quarter valued at approximately $153,000. Belpointe Asset Management LLC purchased a new stake in shares of L Brands in the fourth quarter valued at approximately $202,000. Check Capital Management Inc. CA purchased a new stake in shares of L Brands in the fourth quarter valued at approximately $205,000. Finally, St. Louis Trust Co purchased a new stake in shares of L Brands in the fourth quarter valued at approximately $211,000. Hedge funds and other institutional investors own 81.06% of the company’s stock.

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L Brands Inc (NYSE LB) opened at $39.91 on Tuesday. The stock has a market capitalization of $11,448.68, a price-to-earnings ratio of 12.60, a PEG ratio of 1.11 and a beta of 0.59. 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 Inc has a 12-month low of $35.00 and a 12-month high of $63.10.

L Brands (NYSE:LB) last released its earnings results on Wednesday, February 28th. The specialty retailer reported $2.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.05 by $0.06. L Brands had a negative return on equity of 96.25% and a net margin of 7.78%. The firm had revenue of $4.82 billion for the quarter, compared to the consensus estimate of $4.72 billion. During the same period in the prior year, the firm earned $2.03 EPS. The firm’s revenue was up 7.4% on a year-over-year basis. equities research analysts anticipate that L Brands Inc will post 3.17 EPS for the current year.

L Brands declared that its board has initiated a stock repurchase plan on Thursday, March 8th that permits the company to repurchase $226.90 million in outstanding shares. This repurchase authorization permits the specialty retailer to purchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

The company also recently announced a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Friday, February 23rd were given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 6.01%. The ex-dividend date of this dividend was Thursday, February 22nd. L Brands’s payout ratio is 69.77%.

In related news, CFO Stuart B. Burgdoerfer sold 33,000 shares of the company’s stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $42.53, for a total value of $1,403,490.00. Following the transaction, the chief financial officer now directly owns 69,640 shares of the company’s stock, valued at approximately $2,961,789.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 16.68% of the stock is owned by corporate insiders.

A number of brokerages recently issued reports on LB. Wolfe Research boosted their price target on L Brands from $48.00 to $53.00 and gave the company a “peer perform” rating in a report on Monday, February 12th. Scotiabank reiterated a “hold” rating and issued a $67.00 price target on shares of L Brands in a report on Wednesday, November 22nd. Telsey Advisory Group reiterated an “outperform” rating and issued a $64.00 price target (up previously from $60.00) on shares of L Brands in a report on Tuesday, November 28th. Cowen reissued a “hold” rating and issued a $49.00 price objective on shares of L Brands in a research note on Thursday, February 8th. Finally, Robert W. Baird set a $60.00 price objective on shares of L Brands and gave the stock a “hold” rating in a research note on Thursday, December 28th. Seven analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eleven have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $50.33.

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About L Brands

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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