Thompson Siegel & Walmsley LLC Makes New Investment in L Brands Inc (NYSE:LB)

Thompson Siegel & Walmsley LLC purchased a new stake in shares of L Brands Inc (NYSE:LB) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,037,638 shares of the specialty retailer’s stock, valued at approximately $28,618,000. Thompson Siegel & Walmsley LLC owned approximately 0.38% of L Brands at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. JNBA Financial Advisors purchased a new stake in L Brands in the fourth quarter worth about $56,000. Synovus Financial Corp increased its holdings in shares of L Brands by 167.8% during the fourth 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. Kessler Investment Group LLC acquired a new position in shares of L Brands during the first quarter valued at about $67,000. Harel Insurance Investments & Financial Services Ltd. increased its holdings in L Brands by 1,594.9% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,000 shares of the specialty retailer’s stock worth $83,000 after buying an additional 2,823 shares during the period. Finally, Ffcm LLC increased its holdings in L Brands by 85.0% in the 4th quarter. Ffcm LLC now owns 3,399 shares of the specialty retailer’s stock worth $87,000 after buying an additional 1,562 shares during the period. 69.08% of the stock is currently owned by institutional investors and hedge funds.

Shares of LB traded down $0.22 during midday trading on Friday, hitting $26.10. The company had a trading volume of 7,267,692 shares, compared to its average volume of 4,729,064. The company has a 50-day moving average price of $23.32. The firm has a market capitalization of $7.24 billion, a price-to-earnings ratio of 9.26, a P/E/G ratio of 0.94 and a beta of 0.58. L Brands Inc has a 1 year low of $21.44 and a 1 year high of $38.00.

L Brands (NYSE:LB) last released its quarterly earnings results on Wednesday, May 22nd. The specialty retailer reported $0.14 EPS for the quarter. The company had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.56 billion. L Brands had a negative return on equity of 74.29% and a net margin of 4.81%. The firm’s revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.17 earnings per share. Equities analysts predict that L Brands Inc will post 2.41 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 4.60%. The ex-dividend date was Thursday, May 30th. L Brands’s dividend payout ratio is presently 42.55%.

LB has been the topic of several research reports. Loop Capital cut their price target on shares of L Brands to $20.00 and set a “sell” rating on the stock in a report on Wednesday, May 15th. Wells Fargo & Co set a $42.00 price objective on L Brands and gave the stock a “buy” rating in a research report on Thursday, February 28th. Royal Bank of Canada set a $35.00 target price on L Brands and gave the company a “buy” rating in a research report on Friday, May 24th. Jefferies Financial Group decreased their target price on L Brands from $21.00 to $16.00 in a research report on Thursday, February 28th. Finally, B. Riley set a $41.00 target price on L Brands and gave the company a “buy” rating in a research report on Thursday, February 28th. Four equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eight have issued a buy rating to the company’s stock. L Brands has a consensus rating of “Hold” and a consensus target price of $31.96.

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.

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

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