Macquarie Group Ltd. Sells 400 Shares of L Brands Inc (LB)

Macquarie Group Ltd. trimmed its holdings in shares of L Brands Inc (NYSE:LB) by 8.9% during the 4th quarter, HoldingsChannel reports. The fund owned 4,100 shares of the specialty retailer’s stock after selling 400 shares during the period. Macquarie Group Ltd.’s holdings in L Brands were worth $105,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. BlackRock Inc. boosted its holdings in shares of L Brands by 2.6% in the 4th quarter. BlackRock Inc. now owns 21,445,945 shares of the specialty retailer’s stock valued at $550,516,000 after buying an additional 535,348 shares in the last quarter. American International Group Inc. boosted its holdings in shares of L Brands by 25.4% in the 4th quarter. American International Group Inc. now owns 12,224,858 shares of the specialty retailer’s stock valued at $313,812,000 after buying an additional 2,472,416 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of L Brands by 47.0% in the 4th quarter. Bank of New York Mellon Corp now owns 7,464,698 shares of the specialty retailer’s stock valued at $191,619,000 after buying an additional 2,385,201 shares in the last quarter. SRS Investment Management LLC boosted its holdings in shares of L Brands by 24.8% in the 4th quarter. SRS Investment Management LLC now owns 3,137,935 shares of the specialty retailer’s stock valued at $80,551,000 after buying an additional 623,521 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of L Brands by 3.3% in the 4th quarter. Geode Capital Management LLC now owns 2,977,260 shares of the specialty retailer’s stock valued at $76,373,000 after buying an additional 95,224 shares in the last quarter. Institutional investors own 72.08% of the company’s stock.

LB opened at $25.67 on Thursday. L Brands Inc has a 12-month low of $23.71 and a 12-month high of $38.14. The company has a market cap of $7.06 billion, a price-to-earnings ratio of 9.10, a price-to-earnings-growth ratio of 0.97 and a beta of 0.55.

L Brands (NYSE:LB) last posted its quarterly earnings results on Wednesday, February 27th. The specialty retailer reported $2.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.06 by $0.08. L Brands had a net margin of 4.86% and a negative return on equity of 73.73%. The company had revenue of $4.85 billion during the quarter, compared to analyst estimates of $4.90 billion. During the same period last year, the firm posted $2.11 EPS. L Brands’s revenue for the quarter was up .6% compared to the same quarter last year. As a group, equities analysts predict that L Brands Inc will post 2.36 earnings per share for the current fiscal year.

LB has been the topic of a number of recent analyst reports. Citigroup assumed coverage on shares of L Brands in a report on Thursday, December 20th. They issued a “market weight” rating on the stock. FBR & Co set a $60.00 price objective on shares of L Brands and gave the company a “buy” rating in a research report on Thursday, December 20th. Wells Fargo & Co decreased their price objective on shares of L Brands from $55.00 to $50.00 and set an “outperform” rating for the company in a research report on Wednesday, January 2nd. JPMorgan Chase & Co. decreased their price objective on shares of L Brands from $34.00 to $29.00 and set a “neutral” rating for the company in a research report on Monday, January 7th. Finally, Loop Capital set a $23.00 price objective on shares of L Brands and gave the company a “sell” rating in a research report on Thursday, January 10th. Three research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and ten have given a buy rating to the company. L Brands currently has an average rating of “Hold” and an average 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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