Stratos Wealth Partners Ltd. buys $6,827,569 stake in L Brands Inc (LB)

L Brands Inc (LB) : Stratos Wealth Partners Ltd. scooped up 96,627 additional shares in L Brands Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 9, 2016. The investment management firm now holds a total of 102,301 shares of L Brands Inc which is valued at $6,827,569.L Brands Inc makes up approximately 0.59% of Stratos Wealth Partners Ltd.’s portfolio.

Other Hedge Funds, Including , Advantus Capital Management Inc boosted its stake in LB in the latest quarter, The investment management firm added 169 additional shares and now holds a total of 24,862 shares of L Brands Inc which is valued at $1,659,290. L Brands Inc makes up approx 0.05% of Advantus Capital Management Inc’s portfolio.New York State Common Retirement Fund reduced its stake in LB by selling 11,900 shares or 2.06% in the most recent quarter. The Hedge Fund company now holds 564,600 shares of LB which is valued at $39,290,514. L Brands Inc makes up approx 0.06% of New York State Common Retirement Fund’s portfolio. Hanseatic Management Services Inc sold out all of its stake in LB during the most recent quarter. The investment firm sold 12,346 shares of LB which is valued $859,158.Commonwealth Equity Services Inc boosted its stake in LB in the latest quarter, The investment management firm added 178 additional shares and now holds a total of 8,428 shares of L Brands Inc which is valued at $659,828. L Brands Inc makes up approx 0.01% of Commonwealth Equity Services Inc’s portfolio.Td Securities (usa) boosted its stake in LB in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 58 shares of L Brands Inc which is valued at $4,541. L Brands Inc makes up approx 0.04% of Td Securities (usa)’s portfolio.

L Brands Inc closed down -0.68 points or -1.01% at $66.74 with 38,06,401 shares getting traded on Friday. Post opening the session at $67.24, the shares hit an intraday low of $66.62 and an intraday high of $68.025 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, L Brands Inc reported $2.15 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Feb 24, 2016. Analyst had a consensus of $2.05. The company had revenue of $4395.00 million for the quarter, compared to analysts expectations of $4374.97 million. The company’s revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.89 EPS.

Many Wall Street Analysts have commented on L Brands Inc. Shares were Downgraded by UBS on May 9, 2016 to ” Neutral” and Lowered the Price Target to $ 74 from a previous price target of $101 .Shares were Reiterated by MKM Partners on May 6, 2016 to “Buy” and Lowered the Price Target to $ 83 from a previous price target of $105 .Shares were Reiterated by Telsey Advisory Group on May 6, 2016 to “Outperform” and Lowered the Price Target to $ 95 from a previous price target of $115 .

L Brands Inc. operates specialty retail business. The Company is a specialty retailer of women’s intimate and other apparel beauty and personal care products and accessories. It operates in three segments: Victoria’s Secret which includes Victoria’s Secret PINK which is the specialty retailer of women’s intimate and other apparel with fashion-inspired collections prestige fragrances celebrated supermodels and world-famous runway shows; Bath & Body Works which is the specialty retailer of home fragrance and personal care products including shower gels lotions soaps and sanitizers and Victoria’s Secret and Bath & Body Works International which includes the Victoria’s Secret and Bath & Body Works company-owned and partner-operated stores outside of the United States and Canada. It sells its merchandise through company-owned specialty retail stores in the United States Canada and the United Kingdom which are primarily mall-based and through its Websites and other channels.

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