Morningstar Investment Services LLC raised its position in L Brands Inc (NYSE:LB) by 27.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,585 shares of the specialty retailer’s stock after purchasing an additional 2,516 shares during the quarter. Morningstar Investment Services LLC’s holdings in L Brands were worth $351,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Piedmont Investment Advisors LLC acquired a new position in L Brands in the 2nd quarter valued at about $104,000. Gradient Investments LLC acquired a new position in shares of L Brands in the 2nd quarter worth approximately $109,000. Private Capital Group LLC lifted its holdings in shares of 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 during the last quarter. USAdvisors Wealth Management LLC acquired a new position in shares of L Brands in the 3rd quarter worth approximately $208,000. Finally, Ferguson Wellman Capital Management Inc. acquired a new position in shares of L Brands in the 2nd quarter worth approximately $216,000. Institutional investors own 70.55% of the company’s stock.

L Brands stock opened at $35.28 on Monday. The company has a market cap of $9.70 billion, a price-to-earnings ratio of 11.03, a price-to-earnings-growth ratio of 1.16 and a beta of 0.33. L Brands Inc has a 52-week low of $25.89 and a 52-week high of $63.10.

L Brands (NYSE:LB) last announced its quarterly earnings data on Wednesday, August 22nd. The specialty retailer reported $0.36 EPS for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.02. L Brands had a net margin of 6.87% and a negative return on equity of 84.14%. The company had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $2.92 billion. During the same period in the prior year, the firm posted $0.48 EPS. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. Equities analysts predict that L Brands Inc will post 2.63 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Friday, November 23rd will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 6.80%. The ex-dividend date is Wednesday, November 21st. L Brands’s dividend payout ratio is presently 75.00%.

Several equities analysts have recently commented on the stock. Zacks Investment Research restated a “buy” rating and issued a $35.00 price objective on shares of L Brands in a report on Tuesday, November 13th. Barclays set a $33.00 price objective on shares of L Brands and gave the stock a “hold” rating in a report on Tuesday, November 13th. Citigroup upped their price objective on shares of L Brands from $37.00 to $42.00 and gave the stock a “buy” rating in a report on Monday, November 12th. Wells Fargo & Co upgraded shares of L Brands from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $30.00 to $55.00 in a report on Monday, November 12th. Finally, MKM Partners upped their price objective on shares of L Brands to $34.00 and gave the stock a “neutral” rating in a report on Friday, November 9th. Three analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eleven have issued a buy rating to the company’s stock. L Brands currently has an average rating of “Hold” and a consensus target price of $37.69.

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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.

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

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