Parametrica Management Ltd adds L Brands Inc (LB) to its portfolio

L Brands Inc (LB) : Parametrica Management Ltd added new position in L Brands Inc during the most recent quarter end. The investment management firm now holds 4,431 shares of L Brands Inc which is valued at $322,134 , the company said in a statement filed on Oct 13, 2016 with the SEC.L Brands Inc makes up approximately 0.91% of Parametrica Management Ltd’s portfolio.

Other Hedge Funds, Including , Msi Financial Services Inc boosted its stake in LB in the latest quarter, The investment management firm added 22,998 additional shares and now holds a total of 27,736 shares of L Brands Inc which is valued at $2,016,407. L Brands Inc makes up approx 0.07% of Msi Financial Services Inc’s portfolio.Capstone Asset Management Co reduced its stake in LB by selling 134,381 shares or 35.95% in the most recent quarter. The Hedge Fund company now holds 239,446 shares of LB which is valued at $16,892,915. L Brands Inc makes up approx 0.49% of Capstone Asset Management Co’s portfolio.Nisa Investment Advisors reduced its stake in LB by selling 3,025 shares or 4.11% in the most recent quarter. The Hedge Fund company now holds 70,656 shares of LB which is valued at $4,984,781. L Brands Inc makes up approx 0.07% of Nisa Investment Advisors’s portfolio.First Mercantile Trust Co reduced its stake in LB by selling 3,822 shares or 8.81% in the most recent quarter. The Hedge Fund company now holds 39,578 shares of LB which is valued at $2,819,141. L Brands Inc makes up approx 0.38% of First Mercantile Trust Co’s portfolio.

L Brands Inc closed down -1.21 points or -1.69% at $70.55 with 14,16,948 shares getting traded on Tuesday. Post opening the session at $71.83, the shares hit an intraday low of $70.46 and an intraday high of $71.98 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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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