CAM Group Holding A S raised its stake in L Brands Inc. (NYSE:LB) by 2.5% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 3,669,206 shares of the company’s stock after buying an additional 89,166 shares during the period. L Brands accounts for 4.7% of CAM Group Holding A S’s portfolio, making the stock its 10th largest position. CAM Group Holding A S owned 1.28% of L Brands worth $246,314,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Financial Architects Inc raised its position in shares of L Brands by 56.4% in the second quarter. Financial Architects Inc now owns 1,749 shares of the company’s stock valued at $117,000 after buying an additional 631 shares during the period. Whittier Trust Co. of Nevada Inc. raised its position in shares of L Brands by 44.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,872 shares of the company’s stock valued at $125,000 after buying an additional 572 shares during the period. Quadrant Capital Group LLC raised its position in shares of L Brands by 5.9% in the second quarter. Quadrant Capital Group LLC now owns 2,226 shares of the company’s stock valued at $145,000 after buying an additional 124 shares during the period. Loomis Sayles & Co. L P raised its position in shares of L Brands by 76.0% in the first quarter. Loomis Sayles & Co. L P now owns 1,716 shares of the company’s stock valued at $151,000 after buying an additional 741 shares during the period. Finally, Boothbay Fund Management LLC raised its position in shares of L Brands by 4.5% in the first quarter. Boothbay Fund Management LLC now owns 2,694 shares of the company’s stock valued at $237,000 after buying an additional 117 shares during the period. Institutional investors and hedge funds own 75.58% of the company’s stock.

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

Shares of L Brands Inc. (NYSE:LB) traded down 0.22% during midday trading on Tuesday, reaching $72.09. The company had a trading volume of 1,445,392 shares. The company has a market capitalization of $20.62 billion, a P/E ratio of 17.57 and a beta of 0.91. The firm’s 50 day moving average price is $72.64 and its 200-day moving average price is $72.58. L Brands Inc. has a 12 month low of $60.00 and a 12 month high of $101.11.

L Brands (NYSE:LB) last issued its quarterly earnings data on Wednesday, August 17th. The company reported $0.70 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.11. The firm had revenue of $2.89 billion for the quarter. L Brands had a net margin of 9.73% and a negative return on equity of 150.59%. L Brands’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.68 earnings per share. Analysts anticipate that L Brands Inc. will post $3.83 earnings per share for the current fiscal year.

Several research analysts recently weighed in on the company. Deutsche Bank AG reaffirmed a “buy” rating on shares of L Brands in a research report on Sunday, July 10th. Nomura reaffirmed a “hold” rating on shares of L Brands in a research report on Saturday, July 9th. FBR & Co set a $75.00 target price on L Brands and gave the stock a “hold” rating in a research report on Saturday, October 8th. Vetr raised L Brands from a “hold” rating to a “buy” rating and set a $72.74 target price on the stock in a research report on Wednesday, June 29th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $90.00 price objective on shares of L Brands in a research report on Saturday, September 3rd. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $78.32.

In other L Brands news, insider Martin P. Waters sold 45,500 shares of the company’s stock in a transaction dated Tuesday, August 23rd. The shares were sold at an average price of $77.49, for a total transaction of $3,525,795.00. Following the sale, the insider now directly owns 13,970 shares of the company’s stock, valued at $1,082,535.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Charles Mcguigan sold 23,687 shares of the company’s stock in a transaction dated Tuesday, August 30th. The stock was sold at an average price of $76.37, for a total transaction of $1,808,976.19. The disclosure for this sale can be found here. Company insiders own 16.45% of the company’s stock.

L Brands Company Profile

L Brands, Inc operates specialty retail business. The Company is focused on women’s intimate and other apparel, personal care and beauty categories. The Company operates through three segments: Victoria’s Secret, Bath & Body Works, and Victoria’s Secret and Bath & Body Works International. Victoria’s Secret segment includes PINK, which is the specialty retailer of women’s intimate and other apparel with collections, fragrances, supermodels and runway shows.

5 Day Chart for NYSE:LB

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