L Brands Inc (LB) Shares Bought by Federated Investors Inc. PA

Federated Investors Inc. PA raised its stake in L Brands Inc (NYSE:LB) by 19.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,001 shares of the specialty retailer’s stock after buying an additional 1,133 shares during the period. Federated Investors Inc. PA’s holdings in L Brands were worth $461,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Creative Planning boosted its position in L Brands by 16.8% in the third quarter. Creative Planning now owns 5,193 shares of the specialty retailer’s stock worth $367,000 after buying an additional 747 shares during the last quarter. Osborn Rohs Williams & Donohoe Ltd boosted its stake in L Brands by 89.0% in the third quarter. Osborn Rohs Williams & Donohoe Ltd now owns 5,840 shares of the specialty retailer’s stock valued at $413,000 after buying an additional 2,750 shares in the last quarter. Prospera Financial Services Inc boosted its stake in L Brands by 5.8% in the third quarter. Prospera Financial Services Inc now owns 3,864 shares of the specialty retailer’s stock valued at $273,000 after buying an additional 213 shares in the last quarter. MSI Financial Services Inc boosted its stake in L Brands by 485.4% in the third quarter. MSI Financial Services Inc now owns 27,736 shares of the specialty retailer’s stock valued at $1,963,000 after buying an additional 22,998 shares in the last quarter. Finally, Parametrica Management Ltd bought a new stake in L Brands during the third quarter valued at about $314,000. Institutional investors own 74.20% of the company’s stock.

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

L Brands Inc (NYSE:LB) traded up 0.36% during mid-day trading on Friday, hitting $49.84. 2,472,472 shares of the stock were exchanged. The firm has a 50-day moving average price of $48.69 and a 200-day moving average price of $61.60. L Brands Inc has a 12-month low of $43.04 and a 12-month high of $80.20. The stock has a market capitalization of $14.21 billion, a P/E ratio of 12.52 and a beta of 0.82.

L Brands (NYSE:LB) last issued its quarterly earnings results on Wednesday, February 22nd. The specialty retailer reported $2.03 EPS for the quarter, topping the Zacks’ consensus estimate of $1.90 by $0.13. The business had revenue of $4.49 billion for the quarter, compared to analyst estimates of $4.51 billion. L Brands had a negative return on equity of 137.81% and a net margin of 9.31%. L Brands’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period last year, the company posted $2.15 earnings per share. Equities analysts predict that L Brands Inc will post $3.20 earnings per share for the current fiscal year.

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Several analysts recently issued reports on LB shares. Wolfe Research cut their price target on shares of L Brands from $67.00 to $62.00 and set a “peer perform” rating on the stock in a report on Friday, January 6th. Zacks Investment Research upgraded shares of L Brands from a “sell” rating to a “hold” rating in a research note on Tuesday, January 3rd. Guggenheim started coverage on shares of L Brands in a research note on Thursday, March 9th. They set a “neutral” rating for the company. Mizuho lowered their target price on shares of L Brands from $65.00 to $62.00 and set a “neutral” rating for the company in a research note on Friday, February 3rd. 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 note on Thursday, January 5th. Five research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $62.98.

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.

5 Day Chart for NYSE:LB

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