Strs Ohio buys $1,814,990 stake in L Brands Inc (LB)

L Brands Inc (LB) : Strs Ohio scooped up 1,335 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 21, 2016. The investment management firm now holds a total of 23,645 shares of L Brands Inc which is valued at $1,814,990.L Brands Inc makes up approximately 0.11% of Strs Ohio’s portfolio.

L Brands Inc opened for trading at $78.61 and hit $78.95 on the upside on Wednesday, eventually ending the session at $78.81, with a gain of 0.46% or 0.36 points. The heightened volatility saw the trading volume jump to 15,34,177 shares. Company has a market cap of $22,625 M.

Other Hedge Funds, Including , Umb Bank N Amo boosted its stake in LB in the latest quarter, The investment management firm added 67 additional shares and now holds a total of 3,865 shares of L Brands Inc which is valued at $296,677. L Brands Inc makes up approx 0.01% of Umb Bank N Amo’s portfolio.Gemmer Asset Management reduced its stake in LB by selling 10 shares or 4.42% in the most recent quarter. The Hedge Fund company now holds 216 shares of LB which is valued at $17,768. L Brands Inc makes up approx 0.01% of Gemmer Asset Management’s portfolio.Capital Impact Advisors reduced its stake in LB by selling 4,662 shares or 30.39% in the most recent quarter. The Hedge Fund company now holds 10,679 shares of LB which is valued at $878,455. L Brands Inc makes up approx 0.42% of Capital Impact Advisors’s portfolio.Beese Fulmer Investment Management boosted its stake in LB in the latest quarter, The investment management firm added 1,407 additional shares and now holds a total of 70,305 shares of L Brands Inc which is valued at $5,783,289. L Brands Inc makes up approx 1.66% of Beese Fulmer Investment 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. Stifel Upgraded L Brands Inc on Apr 25, 2016 to ” Buy”, Price Target of the shares are set at $90.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.

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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