Barrow Hanley Mewhinney & Strauss LLC Trims Stake in L Brands Inc (LB)

Barrow Hanley Mewhinney & Strauss LLC trimmed its stake in shares of L Brands Inc (NYSE:LB) by 2.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,054,320 shares of the specialty retailer’s stock after selling 102,190 shares during the period. Barrow Hanley Mewhinney & Strauss LLC’s holdings in L Brands were worth $244,151,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Tower Research Capital LLC TRC increased its stake in shares of L Brands by 182.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,110 shares of the specialty retailer’s stock worth $128,000 after purchasing an additional 1,364 shares in the last quarter. Gradient Investments LLC purchased a new position in shares of L Brands during the 4th quarter worth approximately $153,000. Check Capital Management Inc. CA purchased a new position in shares of L Brands during the 4th quarter worth approximately $205,000. St. Louis Trust Co purchased a new position in shares of L Brands during the 4th quarter worth approximately $211,000. Finally, IBM Retirement Fund purchased a new position in shares of L Brands during the 4th quarter worth approximately $216,000. Institutional investors own 78.48% of the company’s stock.

Shares of L Brands Inc (NYSE:LB) opened at $48.92 on Friday. L Brands Inc has a 12 month low of $35.00 and a 12 month high of $63.10. The stock has a market cap of $13,977.77, a price-to-earnings ratio of 14.87, a PEG ratio of 1.27 and a beta of 0.61. The company has a current ratio of 1.45, a quick ratio of 0.60 and a debt-to-equity ratio of -5.10.

L Brands (NYSE:LB) last announced its quarterly earnings data on Wednesday, November 15th. The specialty retailer reported $0.30 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.30. L Brands had a net margin of 7.73% and a negative return on equity of 101.19%. The company had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.57 billion. During the same period in the previous year, the company earned $0.42 EPS. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. sell-side analysts predict that L Brands Inc will post 3.14 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 23rd will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $2.40 annualized dividend and a dividend yield of 4.91%. L Brands’s dividend payout ratio is presently 72.95%.

A number of research analysts have recently weighed in on LB shares. B. Riley set a $58.00 price objective on shares of L Brands and gave the stock a “buy” rating in a research note on Thursday, November 16th. FBR & Co set a $58.00 price objective on shares of L Brands and gave the stock a “buy” rating in a research note on Monday, October 30th. Northcoast Research raised shares of L Brands from a “neutral” rating to a “buy” rating in a research note on Wednesday, February 7th. Barclays raised their price objective on shares of L Brands from $44.00 to $49.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 25th. Finally, Robert W. Baird reissued a “hold” rating and set a $44.00 price objective on shares of L Brands in a research note on Wednesday, November 1st. Six equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $52.30.

In related news, Director David T. Kollat acquired 9,910 shares of the stock in a transaction dated Monday, November 20th. The stock was bought at an average cost of $50.34 per share, with a total value of $498,869.40. Following the purchase, the director now directly owns 158,878 shares of the company’s stock, valued at $7,997,918.52. The transaction was disclosed in a filing with the SEC, which is available through this link. 16.68% of the stock is owned by insiders.

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About L Brands

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.

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

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