O Shaughnessy Asset Management LLC Takes $764,000 Position in L Brands (LB)

O Shaughnessy Asset Management LLC purchased a new stake in shares of L Brands (NYSE:LB) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 19,991 shares of the specialty retailer’s stock, valued at approximately $764,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. HPM Partners LLC boosted its holdings in L Brands by 16.0% during the fourth quarter. HPM Partners LLC now owns 8,274 shares of the specialty retailer’s stock valued at $498,000 after acquiring an additional 1,143 shares during the period. Profund Advisors LLC lifted its stake in shares of L Brands by 17.9% in the fourth quarter. Profund Advisors LLC now owns 8,261 shares of the specialty retailer’s stock valued at $497,000 after buying an additional 1,257 shares during the period. Meadow Creek Investment Management LLC lifted its stake in shares of L Brands by 14.6% in the fourth quarter. Meadow Creek Investment Management LLC now owns 9,912 shares of the specialty retailer’s stock valued at $597,000 after buying an additional 1,260 shares during the period. Sigma Planning Corp lifted its stake in shares of L Brands by 18.7% in the fourth quarter. Sigma Planning Corp now owns 8,589 shares of the specialty retailer’s stock valued at $517,000 after buying an additional 1,354 shares during the period. Finally, Tower Research Capital LLC TRC lifted its stake in shares of L Brands by 182.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,110 shares of the specialty retailer’s stock valued at $128,000 after buying an additional 1,364 shares during the period. Institutional investors own 81.88% of the company’s stock.

L Brands opened at $33.74 on Friday, according to Marketbeat.com. The company has a market cap of $9.61 billion, a PE ratio of 10.57, a PEG ratio of 0.99 and a beta of 0.77. The company has a debt-to-equity ratio of -7.60, a current ratio of 1.62 and a quick ratio of 1.01. L Brands has a 1-year low of $30.70 and a 1-year high of $63.10.



L Brands (NYSE:LB) last posted its quarterly earnings data on Wednesday, February 28th. The specialty retailer reported $2.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.05 by $0.06. The company had revenue of $4.82 billion during the quarter, compared to analyst estimates of $4.72 billion. L Brands had a net margin of 7.78% and a negative return on equity of 101.69%. The company’s revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the business posted $2.03 earnings per share. equities analysts predict that L Brands will post 2.99 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Friday, June 1st will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 7.11%. L Brands’s payout ratio is 75.00%.

L Brands announced that its Board of Directors has authorized a share repurchase plan on Thursday, March 8th that authorizes the company to repurchase $226.90 million in shares. This repurchase authorization authorizes the specialty retailer to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Several equities research analysts recently weighed in on LB shares. Royal Bank of Canada reiterated a “buy” rating and issued a $52.00 target price on shares of L Brands in a research note on Thursday, March 1st. Robert W. Baird set a $63.00 target price on shares of L Brands and gave the company a “buy” rating in a research note on Wednesday, February 28th. Deutsche Bank reduced their target price on shares of L Brands from $67.00 to $65.00 and set a “buy” rating for the company in a research note on Monday, February 26th. Northcoast Research upgraded shares of L Brands from a “neutral” rating to a “buy” rating in a research note on Wednesday, February 7th. Finally, Citigroup upgraded shares of L Brands from a “neutral” rating to a “buy” rating and set a $45.00 target price for the company in a research note on Monday, May 14th. They noted that the move was a valuation call. Eight investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eleven have issued a buy rating to the company. L Brands has an average rating of “Hold” and an average price target of $46.47.

In related news, CFO Stuart B. Burgdoerfer sold 17,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 21st. The shares were sold at an average price of $39.56, for a total value of $672,520.00. Following the completion of the sale, the chief financial officer now owns 52,640 shares of the company’s stock, valued at $2,082,438.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Stuart B. Burgdoerfer sold 33,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $42.53, for a total transaction of $1,403,490.00. Following the completion of the sale, the chief financial officer now directly owns 69,640 shares of the company’s stock, valued at approximately $2,961,789.20. The disclosure for this sale can be found here. Company insiders own 17.32% of the company’s stock.

About L Brands

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.

Institutional Ownership by Quarter for L Brands (NYSE:LB)

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