Skba Capital Management LLC decreased its stake in shares of L Brands Inc (NYSE:LB) by 43.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 232,680 shares of the specialty retailer’s stock after selling 178,500 shares during the quarter. Skba Capital Management LLC owned about 0.08% of L Brands worth $7,050,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in LB. Piedmont Investment Advisors LLC purchased a new position in L Brands during the second quarter valued at $104,000. Gradient Investments LLC purchased a new position in L Brands during the second quarter valued at $109,000. Private Capital Group LLC raised its stake in L Brands by 6,777.3% during the second quarter. Private Capital Group LLC now owns 3,026 shares of the specialty retailer’s stock valued at $111,000 after buying an additional 2,982 shares during the last quarter. USAdvisors Wealth Management LLC purchased a new position in L Brands during the third quarter valued at $208,000. Finally, Ferguson Wellman Capital Management Inc. purchased a new position in L Brands during the second quarter valued at $216,000. Institutional investors and hedge funds own 70.55% of the company’s stock.

Shares of LB opened at $28.30 on Wednesday. L Brands Inc has a one year low of $25.89 and a one year high of $63.10. The firm has a market capitalization of $9.50 billion, a P/E ratio of 8.84, a PEG ratio of 1.14 and a beta of 0.33.

L Brands (NYSE:LB) last issued its quarterly earnings data on Monday, November 19th. The specialty retailer reported $0.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.01. L Brands had a negative return on equity of 83.62% and a net margin of 5.81%. The company had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.70 billion. During the same quarter in the previous year, the company posted $0.30 earnings per share. L Brands’s revenue was up 6.0% compared to the same quarter last year. On average, analysts forecast that L Brands Inc will post 2.64 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Investors of record on Friday, November 23rd will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 8.48%. The ex-dividend date of this dividend is Wednesday, November 21st. L Brands’s payout ratio is currently 75.00%.

Several research firms have recently weighed in on LB. JPMorgan Chase & Co. decreased their price target on L Brands to $26.00 and set a “neutral” rating for the company in a research note on Thursday, August 23rd. Barclays decreased their price target on L Brands from $33.00 to $30.00 and set a “hold” rating for the company in a research note on Thursday, August 23rd. Robert W. Baird decreased their price target on L Brands from $45.00 to $40.00 and set an “outperform” rating for the company in a research note on Thursday, August 23rd. Zacks Investment Research upgraded L Brands from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research note on Tuesday. Finally, Piper Jaffray Companies set a $34.00 price target on L Brands and gave the stock a “hold” rating in a research note on Tuesday. Three research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eleven have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $38.32.

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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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