North Forty Management Exits Position in L Brands Inc (LB)

L Brands Inc (LB) : North Forty Management has sold out all of its stake in L Brands Inc during the most recent quarter, according to the disclosure filed by the company on Apr 26, 2016 with the SEC. The investment management company has sold out 924 shares of L Brands Inc which is valued at $72,340.

L Brands Inc opened for trading at $78.58 and hit $80.04 on the upside on Monday, eventually ending the session at $79.54, with a gain of 1.60% or 1.25 points. The heightened volatility saw the trading volume jump to 20,96,067 shares. Company has a market cap of $22,834 M.

Other Hedge Funds, Including , Sawtooth Asset Management sold out all of its stake in LB during the most recent quarter. The investment firm sold 59,018 shares of LB which is valued $4,620,519.Integrated Wealth Management reduced its stake in LB by selling 248 shares or 3.75% in the most recent quarter. The Hedge Fund company now holds 6,369 shares of LB which is valued at $488,884. L Brands Inc makes up approx 0.20% of Integrated Wealth Management’s portfolio.Windward Capital Management Co Ca boosted its stake in LB in the latest quarter, The investment management firm added 1,653 additional shares and now holds a total of 58,488 shares of L Brands Inc which is valued at $4,489,539. L Brands Inc makes up approx 0.87% of Windward Capital Management Co Ca’s portfolio. Cwm added LB to its portfolio by purchasing 34 company shares during the most recent quarter which is valued at $2,610.

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 Upgraded by Bernstein to ” Outperform” on Apr 28, 2016. 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. 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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