L Brands Inc (LB) : Jackson Square Partners reduced its stake in L Brands Inc by 5.54% during the most recent quarter end. The investment management company now holds a total of 7,005,056 shares of L Brands Inc which is valued at $492,735,639 after selling 410,925 shares in L Brands Inc , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.L Brands Inc makes up approximately 2.33% of Jackson Square Partners’s portfolio.
Other Hedge Funds, Including , Banque Pictet Cie Sa reduced its stake in LB by selling 9,010 shares or 4.47% in the most recent quarter. The Hedge Fund company now holds 192,528 shares of LB which is valued at $12,651,015. L Brands Inc makes up approx 0.34% of Banque Pictet Cie Sa’s portfolio.Ubs Asset Management Americas Inc boosted its stake in LB in the latest quarter, The investment management firm added 3,430 additional shares and now holds a total of 598,752 shares of L Brands Inc which is valued at $38,918,880. L Brands Inc makes up approx 0.04% of Ubs Asset Management Americas Inc’s portfolio.Dnb Asset Management As boosted its stake in LB in the latest quarter, The investment management firm added 500 additional shares and now holds a total of 20,559 shares of L Brands Inc which is valued at $1,484,154. L Brands Inc makes up approx 0.03% of Dnb Asset Management As’s portfolio.
L Brands Inc opened for trading at $69.43 and hit $70.92 on the upside on Monday, eventually ending the session at $70.17, with a gain of 0.76% or 0.53 points. The heightened volatility saw the trading volume jump to 26,66,513 shares. Company has a market cap of $20,067 M.
On the company’s financial health, L Brands Inc reported $0.42 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Nov 16, 2016. Analyst had a consensus of $0.40. The company had revenue of $2580.98 million for the quarter, compared to analysts expectations of $2563.82 million. The company’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 EPS.
Many Wall Street Analysts have commented on L Brands Inc. L Brands Inc was Upgraded by Citigroup to ” Buy” on Nov 14, 2016. L Brands Inc was Downgraded by Jefferies to ” Underperform” on Nov 7, 2016. Shares were Downgraded by Mizuho on Nov 1, 2016 to ” Neutral” and Lowered the Price Target to $ 70 from a previous price target of $85 .
L Brands Inc. operates specialty retail business. The Company is a specialty retailer of women’s intimate and other apparel beauty and personal care products and accessories. It operates in three segments: Victoria’s Secret which includes Victoria’s Secret PINK which is the specialty retailer of women’s intimate and other apparel with fashion-inspired collections prestige fragrances celebrated supermodels and world-famous runway shows; Bath & Body Works which is the specialty retailer of home fragrance and personal care products including shower gels lotions soaps and sanitizers and Victoria’s Secret and Bath & Body Works International which includes the Victoria’s Secret and Bath & Body Works company-owned and partner-operated stores outside of the United States and Canada. It sells its merchandise through company-owned specialty retail stores in the United States Canada and the United Kingdom which are primarily mall-based and through its Websites and other channels.