Alps Advisors Inc. Acquires New Position in L Brands Inc (NYSE:LB)

Alps Advisors Inc. bought a new stake in L Brands Inc (NYSE:LB) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 837,781 shares of the specialty retailer’s stock, valued at approximately $50,451,000. Alps Advisors Inc. owned about 0.30% of L Brands as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of LB. St. Louis Trust Co purchased a new position in shares of L Brands during the 4th quarter worth approximately $211,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of L Brands in the 3rd quarter worth approximately $161,000. Mandatum Life Insurance Co Ltd acquired a new stake in shares of L Brands in the 4th quarter worth approximately $234,000. Wesbanco Bank Inc. acquired a new stake in shares of L Brands in the 4th quarter worth approximately $234,000. Finally, First Allied Advisory Services Inc. acquired a new stake in shares of L Brands in the 2nd quarter worth approximately $216,000. 78.48% of the stock is owned by institutional investors and hedge funds.

LB has been the topic of a number of analyst reports. B. Riley set a $58.00 target price on L Brands and gave the company a “buy” rating in a report on Thursday, November 16th. FBR & Co set a $58.00 target price on L Brands and gave the company a “buy” rating in a report on Monday, October 30th. Northcoast Research upgraded L Brands from a “neutral” rating to a “buy” rating in a report on Wednesday, February 7th. Barclays raised their price objective on L Brands from $44.00 to $49.00 and gave the stock an “equal weight” rating in a report on Thursday, January 25th. Finally, Piper Jaffray Companies set a $47.00 target price on L Brands and gave the stock a “hold” rating in a research report on Thursday, November 16th. Six research analysts have rated the stock with a sell rating, twenty have issued a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $52.30.

L Brands Inc (LB) opened at $48.70 on Tuesday. The company has a debt-to-equity ratio of -5.10, a quick ratio of 0.60 and a current ratio of 1.45. L Brands Inc has a fifty-two week low of $35.00 and a fifty-two week high of $63.10. The company has a market cap of $13,750.00, a price-to-earnings ratio of 14.85, a PEG ratio of 1.25 and a beta of 0.61.

L Brands (NYSE:LB) last issued its quarterly earnings data on Wednesday, November 15th. The specialty retailer reported $0.30 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.30. The firm had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.57 billion. L Brands had a net margin of 7.73% and a negative return on equity of 101.19%. L Brands’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.42 earnings per share. sell-side analysts predict that L Brands Inc will post 3.12 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Friday, February 23rd will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 4.93%. The ex-dividend date is Thursday, February 22nd. L Brands’s dividend payout ratio is 73.17%.

In other news, Director David T. Kollat bought 9,910 shares of the business’s stock in a transaction on Monday, November 20th. The stock was purchased at an average price of $50.34 per share, with a total value of $498,869.40. Following the transaction, the director now directly owns 158,878 shares in the company, valued at $7,997,918.52. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 16.68% of the stock is owned by insiders.

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L Brands Company Profile

L Brands, Inc operates specialty retail business. The Company is focused on women’s intimate and other apparel, personal care, beauty and home fragrance categories. Its segments include Victoria’s Secret, Bath & Body Works, and Victoria’s Secret and Bath & Body Works International. It sells its merchandise through company-owned specialty retail stores in the United States, Canada, the United Kingdom and Greater China, which are mall-based; through Websites, and through international franchise, license and wholesale partners.

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

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