Beese Fulmer Investment Management buys $5,783,289 stake in L Brands Inc (LB)

L Brands Inc (LB) : Beese Fulmer Investment Management scooped up 1,407 additional shares in L Brands Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 11, 2016. The investment management firm now holds a total of 70,305 shares of L Brands Inc which is valued at $5,783,289.L Brands Inc makes up approximately 1.66% of Beese Fulmer Investment Management’s portfolio.

L Brands Inc opened for trading at $81 and hit $82.31 on the upside on Friday, eventually ending the session at $82.26, with a gain of 1.72% or 1.39 points. The heightened volatility saw the trading volume jump to 31,83,140 shares. Company has a market cap of $23,615 M.

Other Hedge Funds, Including , Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in LB in the latest quarter, The investment management firm added 6,662 additional shares and now holds a total of 55,694 shares of L Brands Inc which is valued at $4,581,388. L Brands Inc makes up approx 0.11% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.British Columbia Investment Management Corp boosted its stake in LB in the latest quarter, The investment management firm added 3,570 additional shares and now holds a total of 123,930 shares of L Brands Inc which is valued at $9,825,170. L Brands Inc makes up approx 0.09% of British Columbia Investment Management Corp’s portfolio. New England Research Management added LB to its portfolio by purchasing 4,150 company shares during the most recent quarter which is valued at $329,012. L Brands Inc makes up approx 0.28% of New England Research Management’s portfolio.

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. L Brands Inc was Downgraded by Goldman to ” Neutral” on Apr 12, 2016. L Brands Inc was Downgraded by Credit Suisse to ” Neutral” on Mar 17, 2016. Shares were Reiterated by Wolfe Research on Feb 29, 2016 to “Peer Perform” and Lowered the Price Target to $ 90 from a previous price target of $95 .

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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