L Brands Inc (LB) Stake Boosted by Pacifica Capital Investments LLC

Pacifica Capital Investments LLC grew its position in shares of L Brands Inc (NYSE:LB) by 32.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 363,686 shares of the specialty retailer’s stock after purchasing an additional 89,643 shares during the quarter. L Brands makes up about 5.8% of Pacifica Capital Investments LLC’s portfolio, making the stock its 6th biggest holding. Pacifica Capital Investments LLC owned 0.13% of L Brands worth $11,020,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of LB. Piedmont Investment Advisors LLC purchased a new stake in L Brands in the 2nd quarter worth $104,000. Gradient Investments LLC purchased a new stake in L Brands in the 2nd quarter worth $109,000. Private Capital Group LLC increased its holdings in L Brands by 6,777.3% in the 2nd quarter. Private Capital Group LLC now owns 3,026 shares of the specialty retailer’s stock worth $111,000 after acquiring an additional 2,982 shares in the last quarter. Ferguson Wellman Capital Management Inc. purchased a new stake in L Brands in the 2nd quarter worth $216,000. Finally, Norway Savings Bank purchased a new stake in L Brands in the 2nd quarter worth $221,000. 73.47% of the stock is owned by hedge funds and other institutional investors.

Shares of LB stock opened at $36.40 on Friday. The stock has a market cap of $9.51 billion, a PE ratio of 11.38, a PEG ratio of 1.20 and a beta of 0.33. L Brands Inc has a twelve month low of $25.89 and a twelve month high of $63.10.

L Brands (NYSE:LB) last announced its quarterly earnings results on Wednesday, August 22nd. The specialty retailer reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.02. The firm had revenue of $2.98 billion for the quarter, compared to analysts’ expectations of $2.92 billion. L Brands had a net margin of 6.87% and a negative return on equity of 84.14%. The company’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.48 EPS. Analysts expect that L Brands Inc will post 2.51 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 7th. Stockholders of record on Friday, November 23rd will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 6.59%. L Brands’s payout ratio is 75.00%.

Several equities research analysts recently commented on LB shares. Royal Bank of Canada set a $35.00 price target on shares of L Brands and gave the stock a “buy” rating in a report on Tuesday, August 21st. B. Riley lowered their target price on shares of L Brands from $49.00 to $44.00 and set a “buy” rating on the stock in a research note on Thursday, August 23rd. Citigroup lowered their target price on shares of L Brands from $38.00 to $37.00 and set a “buy” rating on the stock in a research note on Friday, August 24th. Goldman Sachs Group initiated coverage on shares of L Brands in a research note on Thursday, October 25th. They set a “buy” rating and a $36.00 target price on the stock. Finally, Morgan Stanley cut shares of L Brands from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $56.00 to $32.00 in a research note on Thursday, August 23rd. Three equities research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and nine have given a buy rating to the stock. L Brands currently has a consensus rating of “Hold” and a consensus target price of $37.02.

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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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