L Brands Inc (LB) Shares Bought by PDS Planning Inc

PDS Planning Inc lifted its stake in L Brands Inc (NYSE:LB) by 6.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,581 shares of the specialty retailer’s stock after acquiring an additional 1,506 shares during the period. PDS Planning Inc’s holdings in L Brands were worth $706,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of LB. American International Group Inc. raised 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 worth $313,812,000 after purchasing an additional 2,472,416 shares in the last quarter. Bank of New York Mellon Corp raised 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 worth $191,619,000 after purchasing an additional 2,385,201 shares in the last quarter. Norges Bank bought a new stake in shares of L Brands in the 4th quarter worth approximately $60,190,000. SRS Investment Management LLC raised its holdings in shares of L Brands by 24.8% during the fourth quarter. SRS Investment Management LLC now owns 3,137,935 shares of the specialty retailer’s stock valued at $80,551,000 after acquiring an additional 623,521 shares during the period. Finally, Oregon Public Employees Retirement Fund raised its holdings in shares of L Brands by 2,272.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 637,591 shares of the specialty retailer’s stock valued at $25,000 after acquiring an additional 610,714 shares during the period. 72.08% of the stock is owned by institutional investors.

Shares of NYSE LB traded up $0.01 during trading hours on Friday, hitting $25.68. 3,272,967 shares of the stock were exchanged, compared to its average volume of 4,386,748. The company has a market cap of $7.07 billion, a P/E ratio of 9.11, a P/E/G ratio of 0.97 and a beta of 0.55. L Brands Inc has a one year low of $23.71 and a one year high of $38.14.

L Brands (NYSE:LB) last posted its quarterly earnings data on Wednesday, February 27th. The specialty retailer reported $2.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.06 by $0.08. The business had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $4.90 billion. L Brands had a net margin of 4.86% and a negative return on equity of 73.73%. L Brands’s quarterly revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.11 EPS. As a group, sell-side analysts anticipate 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. Zacks Investment Research lowered shares of L Brands from a “buy” rating to a “hold” rating in a report on Monday, February 4th. Telsey Advisory Group restated a “market perform” rating and set a $31.00 price target (down previously from $33.00) on shares of L Brands in a report on Friday, January 11th. Wells Fargo & Co set a $42.00 price target on shares of L Brands and gave the company a “buy” rating in a report on Thursday, February 28th. Jefferies Financial Group cut their price target on shares of L Brands from $21.00 to $16.00 in a report on Thursday, February 28th. Finally, JPMorgan Chase & Co. cut their price target on shares of L Brands from $34.00 to $29.00 and set a “neutral” rating on the stock in a report on Monday, January 7th. Three research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and ten have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $33.36.

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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.

Further Reading: Stock Symbol

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

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