30,974 Shares in L Brands Inc (NYSE:LB) Bought by Sciencast Management LP

Sciencast Management LP bought a new position in shares of L Brands Inc (NYSE:LB) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 30,974 shares of the specialty retailer’s stock, valued at approximately $513,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Lone Pine Capital LLC acquired a new position in L Brands in the first quarter worth approximately $303,624,000. Prudential PLC bought a new position in L Brands during the first quarter valued at about $48,964,000. Norges Bank acquired a new stake in shares of L Brands in the fourth quarter worth about $46,414,000. Polaris Capital Management LLC boosted its stake in shares of L Brands by 86.1% during the 1st quarter. Polaris Capital Management LLC now owns 2,351,468 shares of the specialty retailer’s stock worth $27,183,000 after acquiring an additional 1,087,700 shares in the last quarter. Finally, Deutsche Bank AG increased its holdings in shares of L Brands by 290.3% during the 1st quarter. Deutsche Bank AG now owns 1,288,593 shares of the specialty retailer’s stock valued at $14,897,000 after acquiring an additional 958,475 shares during the last quarter. 77.28% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:LB opened at $24.41 on Friday. The stock has a market cap of $6.75 billion, a price-to-earnings ratio of -9.61, a P/E/G ratio of 19.59 and a beta of 1.22. The company has a 50 day moving average of $16.60 and a 200-day moving average of $16.87. L Brands Inc has a one year low of $8.00 and a one year high of $26.66.

L Brands (NYSE:LB) last announced its quarterly earnings data on Wednesday, May 20th. The specialty retailer reported ($0.99) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.28). L Brands had a negative net margin of 5.89% and a negative return on equity of 23.32%. The business had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.75 billion. During the same period in the previous year, the business posted $0.14 earnings per share. L Brands’s revenue was down 37.1% compared to the same quarter last year. On average, sell-side analysts anticipate that L Brands Inc will post 0.21 EPS for the current year.

Several equities analysts recently weighed in on the company. Telsey Advisory Group boosted their price objective on L Brands from $15.00 to $23.00 and gave the stock a “market perform” rating in a research report on Wednesday. Wedbush upped their target price on shares of L Brands from $12.00 to $20.00 in a research note on Wednesday. Credit Suisse Group raised their price target on shares of L Brands from $13.00 to $24.00 and gave the stock a “neutral” rating in a research note on Wednesday. Deutsche Bank upped their price objective on L Brands from $16.00 to $27.00 in a research note on Wednesday. Finally, BMO Capital Markets raised their target price on L Brands from $17.00 to $25.00 in a research report on Wednesday. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating and nine have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $22.57.

L Brands Company 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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