Northwestern Mutual Wealth Management Co. decreased its position in shares of L Brands, Inc. (NYSE:LB) by 1.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,750 shares of the specialty retailer’s stock after selling 117 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in L Brands were worth $579,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nationwide Fund Advisors increased its holdings in shares of L Brands by 21.7% in the first quarter. Nationwide Fund Advisors now owns 80,630 shares of the specialty retailer’s stock valued at $3,798,000 after purchasing an additional 14,364 shares in the last quarter. Strs Ohio increased its holdings in shares of L Brands by 5.1% in the first quarter. Strs Ohio now owns 13,292 shares of the specialty retailer’s stock valued at $626,000 after purchasing an additional 648 shares in the last quarter. Oregon Public Employees Retirement Fund increased its holdings in shares of L Brands by 0.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 25,216 shares of the specialty retailer’s stock valued at $1,188,000 after purchasing an additional 200 shares in the last quarter. First Trust Advisors LP increased its holdings in shares of L Brands by 36.5% in the first quarter. First Trust Advisors LP now owns 253,561 shares of the specialty retailer’s stock valued at $11,943,000 after purchasing an additional 67,798 shares in the last quarter. Finally, UBS Asset Management Americas Inc. increased its holdings in shares of L Brands by 9.5% in the first quarter. UBS Asset Management Americas Inc. now owns 620,660 shares of the specialty retailer’s stock valued at $29,233,000 after purchasing an additional 53,657 shares in the last quarter. 79.54% of the stock is owned by institutional investors.

LB has been the subject of a number of research reports. Jefferies Group LLC set a $30.00 price target on shares of L Brands and gave the company a “sell” rating in a report on Monday, August 28th. FBR & Co reissued an “outperform” rating and issued a $60.00 price target on shares of L Brands in a report on Wednesday, May 31st. Robert W. Baird reissued a “hold” rating and issued a $44.00 price target on shares of L Brands in a report on Friday, September 1st. Buckingham Research lowered their price target on shares of L Brands from $62.00 to $52.00 and set a “buy” rating for the company in a report on Friday, August 4th. Finally, Cowen and Company reissued a “buy” rating and issued a $56.00 price target on shares of L Brands in a report on Tuesday, July 4th. Seven analysts have rated the stock with a sell rating, sixteen have given a hold rating and eleven have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $47.46.

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Shares of L Brands, Inc. (NYSE:LB) opened at 40.41 on Friday. The company has a 50-day moving average of $39.67 and a 200 day moving average of $47.26. The company has a market capitalization of $11.47 billion, a PE ratio of 11.86 and a beta of 0.65. L Brands, Inc. has a 52-week low of $35.00 and a 52-week high of $75.94.

L Brands (NYSE:LB) last posted its quarterly earnings results on Wednesday, August 16th. The specialty retailer reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. L Brands had a net margin of 8.04% and a negative return on equity of 103.18%. The business had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $2.75 billion. During the same period last year, the company posted $0.70 earnings per share. The business’s quarterly revenue was down 4.7% on a year-over-year basis. Analysts predict that L Brands, Inc. will post $3.14 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Friday, August 18th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 5.94%. The ex-dividend date of this dividend was Wednesday, August 16th. L Brands’s dividend payout ratio (DPR) is 70.38%.

About L Brands

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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