Crossmark Global Holdings Inc. increased its holdings in L Brands Inc (NYSE:LB) by 15.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 269,317 shares of the specialty retailer’s stock after purchasing an additional 36,460 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in L Brands were worth $4,880,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. FNY Investment Advisers LLC boosted its position in L Brands by 1,767.0% during the fourth quarter. FNY Investment Advisers LLC now owns 1,755 shares of the specialty retailer’s stock valued at $31,000 after acquiring an additional 1,661 shares during the last quarter. NuWave Investment Management LLC grew its holdings in L Brands by 757.8% during the 3rd quarter. NuWave Investment Management LLC now owns 1,913 shares of the specialty retailer’s stock worth $32,000 after acquiring an additional 1,690 shares during the period. Strategic Blueprint LLC bought a new position in shares of L Brands in the 3rd quarter worth about $33,000. Rational Advisors LLC raised its position in shares of L Brands by 240.7% in the 4th quarter. Rational Advisors LLC now owns 4,732 shares of the specialty retailer’s stock worth $86,000 after acquiring an additional 3,343 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its position in shares of L Brands by 827.2% in the 3rd quarter. Tower Research Capital LLC TRC now owns 4,469 shares of the specialty retailer’s stock worth $87,000 after acquiring an additional 3,987 shares in the last quarter. 71.42% of the stock is currently owned by institutional investors.

L Brands stock opened at $24.28 on Friday. The stock has a market capitalization of $6.67 billion, a price-to-earnings ratio of 18.53, a PEG ratio of 0.98 and a beta of 0.76. L Brands Inc has a 52-week low of $15.80 and a 52-week high of $29.02. The stock’s 50 day moving average price is $20.74 and its two-hundred day moving average price is $19.26.

L Brands (NYSE:LB) last posted its quarterly earnings results on Wednesday, November 20th. The specialty retailer reported $0.02 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.02. The firm had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.69 billion. L Brands had a negative return on equity of 72.15% and a net margin of 2.80%. The company’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.16 EPS. Sell-side analysts expect that L Brands Inc will post 2.22 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 6th. Shareholders of record on Friday, February 21st will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.94%. The ex-dividend date of this dividend is Thursday, February 20th. L Brands’s payout ratio is 42.55%.

Several equities research analysts recently commented on the company. Royal Bank of Canada restated a “hold” rating and set a $19.00 target price on shares of L Brands in a research report on Thursday, January 30th. UBS Group decreased their target price on L Brands from $19.00 to $18.00 and set a “neutral” rating for the company in a research note on Tuesday, November 12th. Guggenheim reiterated a “hold” rating on shares of L Brands in a report on Thursday, January 9th. Zacks Investment Research lowered L Brands from a “hold” rating to a “strong sell” rating and set a $17.00 price target on the stock. in a research note on Wednesday, January 15th. Finally, Telsey Advisory Group cut their price target on L Brands from $22.00 to $19.00 and set a “market perform” rating on the stock in a report on Friday, November 22nd. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seven have given a buy rating to the stock. L Brands has an average rating of “Hold” and an average target price of $21.67.

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: How is a buy-side analyst different from a sell-side analyst?

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

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