Ffcm LLC increased its position in shares of L Brands Inc (NYSE:LB) by 23.3% in the fourth quarter, HoldingsChannel reports. The firm owned 8,725 shares of the specialty retailer’s stock after purchasing an additional 1,650 shares during the period. Ffcm LLC’s holdings in L Brands were worth $525,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in LB. Gradient Investments LLC acquired a new stake in L Brands in the 4th quarter valued at about $153,000. 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. Finally, Check Capital Management Inc. CA acquired a new stake in L Brands in the 4th quarter valued at about $205,000. Institutional investors and hedge funds own 78.48% of the company’s stock.
L Brands Inc (NYSE LB) opened at $48.54 on Wednesday. L Brands Inc has a one year low of $35.00 and a one year high of $63.10. The firm has a market cap of $13,746.32, a P/E ratio of 15.51, a P/E/G ratio of 1.25 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.
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 paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 4.94%. The ex-dividend date is Thursday, February 22nd. L Brands’s payout ratio is 72.95%.
In other news, Director David T. Kollat acquired 9,910 shares of L Brands stock in a transaction that occurred on Monday, November 20th. The shares were acquired at an average price of $50.34 per share, with a total value of $498,869.40. Following the purchase, the director now directly owns 158,878 shares of the company’s stock, valued at $7,997,918.52. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 16.68% of the stock is owned by company insiders.
LB has been the subject of several research reports. Morgan Stanley restated an “overweight” rating and issued a $70.00 price objective on shares of L Brands in a research report on Thursday, December 14th. B. Riley restated a “buy” rating and issued a $58.00 price objective on shares of L Brands in a research report on Wednesday, November 29th. CIBC restated a “hold” rating and issued a $60.00 price objective on shares of L Brands in a research report on Friday, December 8th. Royal Bank of Canada upgraded shares of L Brands from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $40.00 to $58.00 in a research report on Friday, November 17th. Finally, Citigroup raised their price objective on shares of L Brands from $40.00 to $45.00 and gave the company a “neutral” rating in a research report on Friday, November 3rd. Six research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and thirteen have given a buy rating to the stock. L Brands currently has a consensus rating of “Hold” and a consensus target price of $52.30.
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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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