AE Wealth Management LLC Invests $1.05 Million in L Brands Inc (LB) Stock

AE Wealth Management LLC purchased a new stake in shares of L Brands Inc (NYSE:LB) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 17,506 shares of the specialty retailer’s stock, valued at approximately $1,054,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Steward Partners Investment Advisory LLC acquired a new stake in L Brands in the 3rd quarter valued at about $161,000. IFP Advisors Inc increased its position in L Brands by 52.1% in the 3rd quarter. IFP Advisors Inc now owns 4,725 shares of the specialty retailer’s stock valued at $197,000 after acquiring an additional 1,618 shares in the last quarter. Chesapeake Asset Management LLC acquired a new stake in L Brands in the 3rd quarter valued at about $205,000. Allianz Asset Management GmbH acquired a new stake in L Brands in the 3rd quarter valued at about $206,000. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new stake in L Brands in the 3rd quarter valued at about $208,000. 77.98% of the stock is owned by hedge funds and other institutional investors.

L Brands Inc (NYSE LB) opened at $48.65 on Friday. The stock has a market cap of $13,730.00, a P/E ratio of 14.83, a P/E/G ratio of 1.28 and a beta of 0.61. The company has a debt-to-equity ratio of -5.10, a quick ratio of 0.60 and a current ratio of 1.45. L Brands Inc has a 1-year low of $35.00 and a 1-year high of $63.10.

L Brands (NYSE:LB) last issued its quarterly earnings data on Wednesday, November 15th. The specialty retailer reported $0.30 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.30. The firm had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.57 billion. L Brands had a net margin of 7.73% and a negative return on equity of 101.19%. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.42 earnings per share. equities analysts forecast that L Brands Inc will post 3.1 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Friday, February 23rd will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 4.93%. The ex-dividend date of this dividend is Thursday, February 22nd. L Brands’s dividend payout ratio is currently 73.17%.

In other news, Director David T. Kollat acquired 9,910 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The stock was purchased at an average price of $50.34 per share, for a total transaction of $498,869.40. Following the completion of the acquisition, the director now owns 158,878 shares in the company, valued at $7,997,918.52. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 16.68% of the stock is currently owned by insiders.

Several equities research analysts have weighed in on the stock. Cowen restated a “hold” rating and issued a $49.00 price objective on shares of L Brands in a research report on Thursday. Northcoast Research upgraded shares of L Brands from a “neutral” rating to a “buy” rating in a research report on Wednesday. Barclays raised their price objective on shares of L Brands from $44.00 to $49.00 and gave the company an “equal weight” rating in a research report on Thursday, January 25th. Scotiabank restated a “hold” rating and issued a $59.00 price objective on shares of L Brands in a research report on Wednesday, January 17th. Finally, Piper Jaffray Companies set a $49.00 price target on shares of L Brands and gave the stock a “hold” rating in a research report on Wednesday, January 10th. Six equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and thirteen have assigned a buy rating to the company’s stock. L Brands presently has a consensus rating of “Hold” and a consensus target price of $52.16.

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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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