L Brands Inc (LB) Shares Sold by UMB Bank N A MO

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UMB Bank N A MO lowered its stake in L Brands Inc (NYSE:LB) by 49.3% in the 1st quarter, HoldingsChannel reports. The fund owned 7,978 shares of the specialty retailer’s stock after selling 7,756 shares during the quarter. UMB Bank N A MO’s holdings in L Brands were worth $220,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in LB. Oregon Public Employees Retirement Fund increased its stake in shares of L Brands by 2,272.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 637,591 shares of the specialty retailer’s stock valued at $25,000 after acquiring an additional 610,714 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in shares of L Brands in the 4th quarter valued at $37,000. JNBA Financial Advisors bought a new stake in shares of L Brands in the 4th quarter valued at $56,000. Synovus Financial Corp increased its stake in shares of L Brands by 167.8% in the 4th quarter. Synovus Financial Corp now owns 2,394 shares of the specialty retailer’s stock valued at $62,000 after acquiring an additional 1,500 shares in the last quarter. Finally, Kessler Investment Group LLC bought a new stake in shares of L Brands in the 1st quarter valued at $67,000. Institutional investors own 72.19% of the company’s stock.

Shares of LB stock opened at $25.74 on Friday. The firm has a market cap of $7.01 billion, a price-to-earnings ratio of 9.13, a price-to-earnings-growth ratio of 0.99 and a beta of 0.51. L Brands Inc has a 12 month low of $23.71 and a 12 month high of $38.14.

L Brands (NYSE:LB) last posted its earnings results on Wednesday, February 27th. The specialty retailer reported $2.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.06 by $0.08. L Brands had a net margin of 4.86% and a negative return on equity of 73.73%. The firm had revenue of $4.85 billion during the quarter, compared to analyst estimates of $4.90 billion. During the same quarter in the prior year, the business posted $2.11 EPS. The business’s revenue was up .6% compared to the same quarter last year. On average, equities research analysts forecast that L Brands Inc will post 2.36 earnings per share for the current fiscal year.

Several analysts have recently weighed in on the stock. UBS Group lifted their price objective on shares of L Brands from $26.00 to $28.00 and gave the company a “neutral” rating in a research note on Wednesday, April 10th. Odeon Capital Group assumed coverage on shares of L Brands in a research note on Friday, April 26th. They issued a “buy” rating for the company. Loop Capital set a $23.00 price objective on shares of L Brands and gave the company a “sell” rating in a research note on Thursday, January 10th. Telsey Advisory Group reiterated a “market perform” rating and issued a $28.00 price objective (down previously from $31.00) on shares of L Brands in a research note on Friday, March 1st. Finally, Credit Suisse Group lowered their price objective on shares of L Brands from $30.00 to $25.00 and set a “neutral” rating for the company in a research note on Thursday, February 28th. Three investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $33.36.

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L Brands Company Profile

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.

Further Reading: Diversification

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

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