L Brands Inc (LB) : Moisand Fitzgerald Tamayo 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 Aug 3, 2016 with the SEC. The investment management company has sold out 29 shares of L Brands Inc which is valued at $2,103.
Other Hedge Funds, Including , Rathbone Brothers Plc sold out all of its stake in LB during the most recent quarter. The investment firm sold 198,100 shares of LB which is valued $14,366,212.Signaturefd boosted its stake in LB in the latest quarter, The investment management firm added 49 additional shares and now holds a total of 131 shares of L Brands Inc which is valued at $9,681.Cam Group Holding As boosted its stake in LB in the latest quarter, The investment management firm added 89,166 additional shares and now holds a total of 3,669,206 shares of L Brands Inc which is valued at $271,154,323. L Brands Inc makes up approx 5.00% of Cam Group Holding As’s portfolio.
L Brands Inc closed down -0.66 points or -0.88% at $73.96 with 18,57,985 shares getting traded on Monday. Post opening the session at $74.86, the shares hit an intraday low of $73.76 and an intraday high of $75.1 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, L Brands Inc reported $0.59 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on May 18, 2016. Analyst had a consensus of $0.55. The company had revenue of $2613.80 million for the quarter, compared to analysts expectations of $2669.41 million. The company’s revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.61 EPS.
Many Wall Street Analysts have commented on L Brands Inc. L Brands Inc was Downgraded by BofA/Merrill to ” Underperform” on Jun 28, 2016. Shares were Reiterated by Wolfe Research on May 20, 2016 to “Peer Perform” and Lowered the Price Target to $ 62 from a previous price target of $70 .Shares were Reiterated by FBR Capital on May 20, 2016 to “Mkt Perform” and Lowered the Price Target to $ 63 from a previous price target of $93 .
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.