L Brands Inc (NYSE:LB) Stake Lowered by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio decreased its position in shares of L Brands Inc (NYSE:LB) by 1.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 233,196 shares of the specialty retailer’s stock after selling 2,768 shares during the quarter. Public Employees Retirement System of Ohio owned 0.08% of L Brands worth $5,986,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. HRT Financial LLC purchased a new stake in L Brands in the 4th quarter valued at $964,000. Legal & General Group Plc grew its holdings in L Brands by 4.3% in the 4th quarter. Legal & General Group Plc now owns 1,266,978 shares of the specialty retailer’s stock valued at $32,523,000 after buying an additional 51,884 shares in the last quarter. CSat Investment Advisory L.P. grew its holdings in L Brands by 31.8% in the 4th quarter. CSat Investment Advisory L.P. now owns 42,531 shares of the specialty retailer’s stock valued at $1,092,000 after buying an additional 10,271 shares in the last quarter. Amundi Pioneer Asset Management Inc. grew its holdings in L Brands by 45.0% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 841,995 shares of the specialty retailer’s stock valued at $21,616,000 after buying an additional 261,445 shares in the last quarter. Finally, Cipher Capital LP purchased a new stake in L Brands in the 4th quarter valued at $2,129,000. 72.08% of the stock is owned by hedge funds and other institutional investors.

NYSE LB traded up $0.82 during trading hours on Wednesday, hitting $26.13. 5,341,855 shares of the company were exchanged, compared to its average volume of 4,445,029. L Brands Inc has a 52-week low of $23.71 and a 52-week high of $38.14. The company has a market cap of $6.99 billion, a price-to-earnings ratio of 9.27, a price-to-earnings-growth ratio of 0.99 and a beta of 0.55.

L Brands (NYSE:LB) last issued its quarterly earnings results on Wednesday, February 27th. The specialty retailer reported $2.14 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.06 by $0.08. L Brands had a negative return on equity of 73.73% and a net margin of 4.86%. The company had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $4.90 billion. During the same quarter in the prior year, the business earned $2.11 EPS. L Brands’s revenue was up .6% on a year-over-year basis. Analysts anticipate that L Brands Inc will post 2.36 EPS for the current year.

Several equities analysts have recently commented on LB shares. Jefferies Financial Group decreased their price target on L Brands from $21.00 to $16.00 in a research note on Thursday, February 28th. B. Riley set a $44.00 price target on L Brands and gave the company a “buy” rating in a research note on Friday, January 11th. Zacks Investment Research raised L Brands from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research note on Friday, January 18th. Wells Fargo & Co set a $42.00 price target on L Brands and gave the company a “buy” rating in a research note on Thursday, February 28th. Finally, Barclays set a $31.00 target price on L Brands and gave the stock a “hold” rating in a research note on Friday, January 11th. Three investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $33.36.

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L Brands Profile

L Brands, Inc operates as a specialty retailer of women's intimate and other apparel, beauty and personal care products, home fragrance products, and accessories. The company operates in three segments: Victoria's Secret, Bath & Body Works, and Victoria's Secret and Bath & Body Works International.

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

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