L Brands Inc (NYSE:LB) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lowered its position in shares of L Brands Inc (NYSE:LB) by 12.6% during the second quarter, Holdings Channel reports. The firm owned 67,215 shares of the specialty retailer’s stock after selling 9,700 shares during the quarter. Nisa Investment Advisors LLC’s holdings in L Brands were worth $1,754,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of LB. NN Investment Partners Holdings N.V. increased its position in L Brands by 18.5% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 30,381 shares of the specialty retailer’s stock worth $793,000 after purchasing an additional 4,751 shares during the period. Adams Asset Advisors LLC purchased a new stake in shares of L Brands during the 2nd quarter worth approximately $5,833,000. Xact Kapitalforvaltning AB boosted its stake in shares of L Brands by 18.3% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 48,656 shares of the specialty retailer’s stock worth $1,270,000 after acquiring an additional 7,516 shares in the last quarter. Exane Derivatives boosted its stake in shares of L Brands by 2.5% during the 2nd quarter. Exane Derivatives now owns 142,942 shares of the specialty retailer’s stock worth $3,729,000 after acquiring an additional 3,527 shares in the last quarter. Finally, Gyroscope Capital Management Group LLC boosted its stake in shares of L Brands by 17.0% during the 2nd quarter. Gyroscope Capital Management Group LLC now owns 297,510 shares of the specialty retailer’s stock worth $8,268,000 after acquiring an additional 43,173 shares in the last quarter. Institutional investors and hedge funds own 68.72% of the company’s stock.

LB has been the topic of several research analyst reports. Wells Fargo & Co set a $35.00 price target on L Brands and gave the stock an “outperform” rating in a research note on Thursday, May 23rd. Citigroup lowered L Brands from a “buy” rating to a “neutral” rating and upped their target price for the company from $26.50 to $27.00 in a research note on Monday, July 15th. Odeon Capital Group assumed coverage on L Brands in a research note on Friday, April 26th. They issued a “buy” rating on the stock. Loop Capital reduced their target price on L Brands to $20.00 and set a “sell” rating on the stock in a research note on Wednesday, May 15th. Finally, Bank of America set a $30.00 target price on L Brands and gave the company a “hold” rating in a research note on Thursday, May 23rd. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $31.25.

Shares of L Brands stock traded down $0.15 during trading hours on Friday, reaching $24.16. 4,086,775 shares of the company’s stock were exchanged, compared to its average volume of 3,985,513. L Brands Inc has a 52-week low of $21.44 and a 52-week high of $38.00. The company has a market capitalization of $7.14 billion, a price-to-earnings ratio of 8.57, a price-to-earnings-growth ratio of 0.98 and a beta of 0.69. The company’s fifty day moving average is $25.58.

L Brands (NYSE:LB) last issued its quarterly earnings results on Wednesday, May 22nd. The specialty retailer reported $0.14 earnings per share for the quarter. L Brands had a negative return on equity of 74.29% and a net margin of 4.81%. The company had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.56 billion. During the same quarter in the prior year, the company posted $0.17 EPS. The business’s revenue for the quarter was up .1% compared to the same quarter last year. On average, analysts expect that L Brands Inc will post 2.4 earnings per share for the current fiscal year.

About L Brands

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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