Toronto Dominion Bank Grows Position in L Brands Inc (LB)

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Toronto Dominion Bank lifted its position in L Brands Inc (NYSE:LB) by 64.4% during the 1st quarter, HoldingsChannel.com reports. The fund owned 238,470 shares of the specialty retailer’s stock after acquiring an additional 93,437 shares during the period. Toronto Dominion Bank’s holdings in L Brands were worth $6,576,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Kwmg LLC grew its position in L Brands by 6.2% during the fourth quarter. Kwmg LLC now owns 74,293 shares of the specialty retailer’s stock worth $1,907,000 after buying an additional 4,309 shares during the period. Susquehanna Fundamental Investments LLC lifted its holdings in shares of L Brands by 245.1% in the fourth quarter. Susquehanna Fundamental Investments LLC now owns 195,300 shares of the specialty retailer’s stock valued at $5,013,000 after purchasing an additional 138,702 shares in the last quarter. American International Group Inc. lifted its holdings in shares of L Brands by 25.4% in the fourth quarter. American International Group Inc. now owns 12,224,858 shares of the specialty retailer’s stock valued at $313,812,000 after purchasing an additional 2,472,416 shares in the last quarter. Exane Derivatives lifted its holdings in shares of L Brands by 11.5% in the first quarter. Exane Derivatives now owns 139,415 shares of the specialty retailer’s stock valued at $3,844,000 after purchasing an additional 14,350 shares in the last quarter. Finally, CSat Investment Advisory L.P. lifted its holdings in shares of L Brands by 31.8% in the fourth quarter. CSat Investment Advisory L.P. now owns 42,531 shares of the specialty retailer’s stock valued at $1,092,000 after purchasing an additional 10,271 shares in the last quarter. 71.24% of the stock is currently owned by hedge funds and other institutional investors.

Shares of LB traded up $0.32 on Tuesday, hitting $22.63. 1,082,231 shares of the stock traded hands, compared to its average volume of 4,341,859. The company has a market capitalization of $6.17 billion, a price-to-earnings ratio of 8.02, a PEG ratio of 0.87 and a beta of 0.51. L Brands Inc has a 1 year low of $21.70 and a 1 year high of $38.14.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 5.30%. The ex-dividend date is Thursday, May 30th. L Brands’s payout ratio is 42.55%.

Several analysts have issued reports on the stock. DA Davidson reduced their price target on shares of L Brands to $26.00 and set a “neutral” rating on the stock in a report on Friday, March 1st. MKM Partners reduced their price target on shares of L Brands from $29.00 to $26.00 and set a “neutral” rating on the stock in a report on Thursday, February 28th. UBS Group upped their price target on shares of L Brands from $26.00 to $28.00 and gave the company a “neutral” rating in a report on Wednesday, April 10th. B. Riley reduced their price target on shares of L Brands from $44.00 to $41.00 and set a “buy” rating on the stock in a report on Thursday, February 21st. Finally, Zacks Investment Research raised shares of L Brands from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a report on Tuesday, February 5th. Four research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and ten have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $33.35.

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L Brands 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.

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

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