Jackson Square Partners buys $546,261,160 stake in L Brands Inc (LB)

L Brands Inc (LB) : Jackson Square Partners scooped up 2,082,149 additional shares in L Brands Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 7,415,981 shares of L Brands Inc which is valued at $546,261,160.L Brands Inc makes up approximately 2.40% of Jackson Square Partners’s portfolio.

Other Hedge Funds, Including , Renaissance Technologies boosted its stake in LB in the latest quarter, The investment management firm added 136,100 additional shares and now holds a total of 536,033 shares of L Brands Inc which is valued at $39,484,191. L Brands Inc makes up approx 0.07% of Renaissance Technologies’s portfolio.Tci Wealth Advisors boosted its stake in LB in the latest quarter, The investment management firm added 170 additional shares and now holds a total of 300 shares of L Brands Inc which is valued at $22,140. L Brands Inc makes up approx 0.01% of Tci Wealth Advisors’s portfolio.Bnp Paribas Investment Partners S.a. boosted its stake in LB in the latest quarter, The investment management firm added 5,058 additional shares and now holds a total of 54,448 shares of L Brands Inc which is valued at $4,018,262. L Brands Inc makes up approx 0.03% of Bnp Paribas Investment Partners S.a.’s portfolio. Gsa Capital Partners Llp sold out all of its stake in LB during the most recent quarter. The investment firm sold 17,441 shares of LB which is valued $1,301,447.California State Teachers Retirement System reduced its stake in LB by selling 370 shares or 0.07% in the most recent quarter. The Hedge Fund company now holds 525,377 shares of LB which is valued at $38,100,340. L Brands Inc makes up approx 0.08% of California State Teachers Retirement System’s portfolio.

L Brands Inc opened for trading at $76.48 and hit $77.11 on the upside on Monday, eventually ending the session at $76.83, with a gain of 0.75% or 0.57 points. The heightened volatility saw the trading volume jump to 10,27,909 shares. Company has a market cap of $22,089 M.

On the company’s financial health, L Brands Inc reported $0.70 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Aug 17, 2016. Analyst had a consensus of $0.60. The company had revenue of $2889.70 million for the quarter, compared to analysts expectations of $2842.08 million. The company’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.68 EPS.

Many Wall Street Analysts have commented on L Brands Inc. L Brands Inc was Upgraded by Goldman to ” Buy” on Aug 22, 2016. Company shares were Reiterated by FBR Capital on Aug 19, 2016 to “Mkt Perform”, Firm has raised the Price Target to $ 75 from a previous price target of $68 .Company shares were Reiterated by Telsey Advisory Group on Aug 19, 2016 to “Outperform”, Firm has raised the Price Target to $ 90 from a previous price target of $88 .

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.

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