November 28, 2016 - By Ruchi Gupta · 0 Comments
L Brands Inc (NYSE:LB) institutional sentiment increased to 0.96 in Q2 2016. Its up 0.06, from 0.9 in 2016Q1. The ratio improved, as 218 investment professionals opened new and increased positions, while 242 cut down and sold their holdings in L Brands Inc. The investment professionals in our partner’s database now own: 214.85 million shares, down from 219.30 million shares in 2016Q1. Also, the number of investment professionals holding L Brands Inc in their top 10 positions increased from 6 to 7 for an increase of 1. Sold All: 98 Reduced: 144 Increased: 168 New Position: 50.
L Brands, Inc. operates specialty retail business. The company has a market cap of $20.51 billion. The Firm is focused on women’s intimate and other apparel, personal care and beauty categories. It has a 18.24 P/E ratio. The Firm operates through three divisions: Victoria’s Secret, Bath & Body Works, and Victoria’s Secret and Bath & Body Works International.
About 987,173 shares traded hands. L Brands Inc (NYSE:LB) has declined 7.81% since April 25, 2016 and is downtrending. It has underperformed by 13.82% the S&P500.
Analysts await L Brands Inc (NYSE:LB) to report earnings on February, 22. They expect $1.97 earnings per share, down 8.37% or $0.18 from last year’s $2.15 per share. LB’s profit will be $561.18M for 9.14 P/E if the $1.97 EPS becomes a reality. After $0.42 actual earnings per share reported by L Brands Inc for the previous quarter, Wall Street now forecasts 369.05% EPS growth.
According to Zacks Investment Research, “L Brands, Inc. operates as a retailer of women’s intimate and other apparel, beauty and personal care products and accessories primarily in the United States. Its brand includes Victoria’s Secret, Victoria’s Secret Pink, Bath & Body Works, La Senza and Henri Bendel. The company sells its product through franchise, license, wholesale partners, websites, catalogue, and other channels. L Brands Inc., formerly known as Limited Brands Inc., is headquartered in Columbus, Ohio.”
Abrams Bison Investments Llc holds 20.73% of its portfolio in L Brands Inc for 3.33 million shares. Alecta Pensionsforsakring Omsesidigt owns 10.80 million shares or 7.1% of their US portfolio. Moreover, Lansdowne Partners (Uk) Llp has 6.93% invested in the company for 11.07 million shares. The Denmark-based Cam Group Holding A S has invested 4.72% in the stock. Limestone Value Partners Llc, a Texas-based fund reported 40,000 shares.#img1#
Ratings analysis reveals 38% of L Brands’s analysts are positive. Out of 24 Wall Street analysts rating L Brands, 9 give it “Buy”, 2 “Sell” rating, while 13 recommend “Hold”. The lowest target is $60 while the high is $115. The stock’s average target of $80.96 is 12.48% above today’s ($71.98) share price. LB was included in 84 notes of analysts from August 7, 2015. The rating was downgraded by UBS to “Neutral” on Monday, May 9. The rating was maintained by Brean Capital on Monday, August 24 with “Hold”. On Tuesday, November 10 the stock rating was maintained by Credit Suisse with “Outperform”. The rating was maintained by Cantor Fitzgerald with “Hold” on Friday, August 7. The stock of L Brands Inc (NYSE:LB) earned “Neutral” rating by Wedbush on Friday, November 20. The stock of L Brands Inc (NYSE:LB) has “Neutral” rating given on Monday, November 9 by JP Morgan. Cowen & Co maintained the shares of LB in a report on Saturday, August 22 with “Outperform” rating. The rating was maintained by Stifel Nicolaus with “Hold” on Saturday, August 22. On Monday, November 7 the stock rating was downgraded by Jefferies to “Underperform”. The stock of L Brands Inc (NYSE:LB) earned “Outperform” rating by Telsey Advisory Group on Friday, October 9.
L Brands, Inc., incorporated on March 16, 1982, operates specialty retail business. The Firm is focused on women’s intimate and other apparel, personal care and beauty categories. The Firm sells its merchandise through Company-owned specialty retail stores in the United States, Canada and the United Kingdom, which are primarily mall-based; through Websites, and through international franchise, license and wholesale partners (collectively partners). The Firm operates through three divisions: Victoria’s Secret, Bath & Body Works, and Victoria’s Secret and Bath & Body Works International. The Firm operates the retail brands, which include Victoria’s Secret, PINK, Bath & Body Works, La Senza and Henri Bendel. La Senza is a specialty retailer of women’s intimate apparel. The Firm sells its La Senza products at over 140 La Senza stores in Canada and online at www.LaSenza.com. Additionally, La Senza has approximately 220 stores in over 30 other countries operating under franchise, license and wholesale arrangements. Bath & Body Works is a specialty retailer of personal care, soaps, sanitizers and home fragrance products. Henri Bendel is an operator of approximately 30 specialty stores, which sells handbags, jewelry and other accessory products. Mast Global is a merchandise sourcing and production function serving the Company and its international partners.
More important recent L Brands Inc (NYSE:LB) news were published by: Wsj.com which released: “L Brands CEO Says Victoria’s Secret Was Getting Stale” on November 01, 2016, also Forbes.com published article titled: “Ex-Dividend Reminder: L Brands, National CineMedia and Avista”, Marketwatch.com published: “Victoria’s Secret L Brands gives downbeat forecast” on November 16, 2016. More interesting news about L Brands Inc (NYSE:LB) was released by: Forbes.com and their article: “Victoria’s Secret Gives Little Lift To L Brands” with publication date: November 03, 2016.
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By Ruchi Gupta