KBC Group NV raised its stake in shares of L Brands, Inc. (NYSE:LB) by 4.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 44,579 shares of the specialty retailer’s stock after buying an additional 2,091 shares during the period. KBC Group NV’s holdings in L Brands were worth $2,402,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. First Personal Financial Services raised its stake in shares of L Brands by 127.7% in the second quarter. First Personal Financial Services now owns 1,954 shares of the specialty retailer’s stock valued at $105,000 after buying an additional 1,096 shares during the period. FNY Partners Fund LP purchased a new stake in shares of L Brands during the first quarter valued at $129,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH purchased a new stake in shares of L Brands during the first quarter valued at $142,000. IFP Advisors Inc raised its stake in shares of L Brands by 20.2% in the first quarter. IFP Advisors Inc now owns 3,152 shares of the specialty retailer’s stock valued at $148,000 after buying an additional 529 shares during the period. Finally, Investors Asset Management of Georgia Inc. GA ADV raised its stake in shares of L Brands by 11.2% in the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 3,719 shares of the specialty retailer’s stock valued at $200,000 after buying an additional 375 shares during the period. 78.71% of the stock is owned by hedge funds and other institutional investors.

Shares of L Brands, Inc. (NYSE:LB) opened at 36.56 on Monday. The company has a market cap of $10.49 billion, a P/E ratio of 10.73 and a beta of 0.62. The company has a 50-day moving average price of $42.41 and a 200-day moving average price of $49.04. L Brands, Inc. has a 52-week low of $35.00 and a 52-week high of $77.54.

L Brands (NYSE:LB) last posted its quarterly earnings data on Wednesday, August 16th. The specialty retailer reported $0.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.03. L Brands had a negative return on equity of 103.04% and a net margin of 8.04%. The company had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.75 billion. During the same period in the previous year, the business earned $0.70 EPS. L Brands’s quarterly revenue was down 4.7% on a year-over-year basis. On average, equities analysts predict that L Brands, Inc. will post $3.14 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 18th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $2.40 annualized dividend and a yield of 6.56%. L Brands’s dividend payout ratio (DPR) is currently 70.38%.

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LB has been the subject of several recent research reports. FBR & Co reissued an “outperform” rating and issued a $60.00 price objective on shares of L Brands in a report on Thursday, July 27th. Jefferies Group LLC set a $35.00 price objective on L Brands and gave the stock a “sell” rating in a report on Tuesday, July 4th. Credit Suisse Group set a $47.00 price objective on L Brands and gave the stock a “hold” rating in a report on Wednesday, July 19th. Deutsche Bank AG decreased their price objective on L Brands from $62.00 to $61.00 and set a “buy” rating for the company in a report on Friday, May 5th. Finally, Vetr raised L Brands from a “strong sell” rating to a “sell” rating and set a $46.89 price objective for the company in a report on Monday, June 5th. Seven research analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $48.73.

L Brands Company Profile

L Brands, Inc operates specialty retail business. The Company is focused on women’s intimate and other apparel, personal care, beauty and home fragrance categories. Its segments include Victoria’s Secret, Bath & Body Works, and Victoria’s Secret and Bath & Body Works International. It sells its merchandise through company-owned specialty retail stores in the United States, Canada, the United Kingdom and Greater China, which are mall-based; through Websites, and through international franchise, license and wholesale partners.

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

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