Robeco Institutional Asset Management B.V. Trims Stake in L Brands Inc (NYSE:LB)

Robeco Institutional Asset Management B.V. trimmed its stake in L Brands Inc (NYSE:LB) by 12.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,065 shares of the specialty retailer’s stock after selling 1,662 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in L Brands were worth $314,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Thompson Siegel & Walmsley LLC purchased a new stake in L Brands in the 1st quarter worth $28,618,000. Menora Mivtachim Holdings LTD. purchased a new stake in L Brands in the 1st quarter worth $20,685,000. DekaBank Deutsche Girozentrale increased its stake in L Brands by 246.3% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 609,501 shares of the specialty retailer’s stock worth $16,193,000 after buying an additional 433,485 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in L Brands by 71.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 958,049 shares of the specialty retailer’s stock worth $24,592,000 after buying an additional 399,317 shares in the last quarter. Finally, TB Alternative Assets Ltd. increased its stake in L Brands by 318.8% in the 1st quarter. TB Alternative Assets Ltd. now owns 341,300 shares of the specialty retailer’s stock worth $9,413,000 after buying an additional 259,800 shares in the last quarter. Hedge funds and other institutional investors own 68.85% of the company’s stock.

Shares of L Brands stock opened at $22.82 on Friday. The stock has a market capitalization of $6.28 billion, a price-to-earnings ratio of 8.09, a price-to-earnings-growth ratio of 0.90 and a beta of 0.69. The firm’s 50-day moving average price is $25.67. L Brands Inc has a twelve month low of $21.44 and a twelve month high of $38.00.

L Brands (NYSE:LB) last issued its quarterly earnings data 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 firm had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.56 billion. During the same quarter last year, the business posted $0.17 earnings per share. The business’s quarterly revenue was up .1% compared to the same quarter last year. Equities research analysts expect that L Brands Inc will post 2.4 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 23rd will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.26%. L Brands’s payout ratio is 42.55%.

A number of brokerages have issued reports on LB. Loop Capital cut their price target on L Brands to $20.00 and set a “sell” rating for the company in a research note on Wednesday, May 15th. Royal Bank of Canada set a $35.00 price target on L Brands and gave the stock a “buy” rating in a research note on Friday, May 24th. 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. Zacks Investment Research lowered L Brands from a “buy” rating to a “hold” rating and set a $28.00 price target for the company. in a research note on Wednesday, July 31st. Finally, Citigroup lowered L Brands from a “buy” rating to a “neutral” rating and increased their price target for the stock from $26.50 to $27.00 in a research note on Monday, July 15th. Three investment 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 company currently has a consensus rating of “Hold” and an average price target of $31.25.

L Brands 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.

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

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