LB L Brands Inc.

L Brands, Inc. engages in the retail of women’s intimate and other apparel, personal care, beauty, and home fragrance products. It operates through the following segments: Victoria’s Secret, Bath & Body Works, and Victoria's Secret and Bath & Body Works International. The Victoria’s Secret segment sells women’s intimate and other apparel, personal care, and beauty products under the Victoria’s Secret and PINK brand names. The Bath & Body Works segment offers body care, home fragrance products, soaps, and sanitizers under the Bath & Body Works, White Barn, C.O. Bigelow, and other brand names. The Victoria's Secret and Bath & Body Works International segment includes the Victoria's Secret and Bath & Body Works stores located outside of the U.S. and Canada, as well as the online business in Greater China. The company was founded by Leslie Herbert Wexner in 1963 and is headquartered in Columbus, OH.

Company profile

Ticker

Exchange

NYSE

Website

www.lb.com

CEO

Andrew Meslow

Incorporated

Delaware

Location

Ohio

Fiscal year end

Jan 30

Sector

Retail Trade > Apparel/Footwear Retail

Industry (SIC)

Retail - Women's Clothing Stores

Chico's FAS • Cato • RTW Retailwinds • Christopher & Banks • Destination Maternity • China Crawfish • La Senza ...

Former names

Limited Brands Inc, Limited Inc

SEC CIK

0000701985

Corporate docs

Articles of Incorporation & Bylaws

IRS number

311029810

LB stock data

S&P 500

1M 1Y 2Y 5Y

Calendar

3 Jun 20

6 Aug 20

30 Jan 21

News

Company financial data Financial data

Chart LB financial data

Quarter (USD)	May 20	Feb 20	Nov 19	Aug 19
Revenue	1.65B	4.71B	2.68B	2.9B
Net income	-297M	-192M	-252M	38M
Diluted EPS
Net profit margin	-17.96%	-4.08%	-9.41%	1.31%
Operating income	-318M	82M	-151M	175M
Net change in cash	-542M	1.16B	-513M	-293M
Cash on hand	957M	1.5B	340M	853M
Cost of revenue	1.37B	2.91B	1.94B	1.92B

Annual (USD)	Feb 20	Feb 19	Feb 18	Jan 17
Revenue	12.91B	13.24B	12.63B	12.57B
Net income	-366M	644M	983M	1.16B
Net profit margin	-2.83%	4.87%	7.78%	9.21%
Operating income	258M	1.24B	1.73B	2B
Net change in cash	86M	-102M	-419M	-614M
Cash on hand	1.5B	1.41B	1.52B	1.93B
Cost of revenue	8.46B	8.34B	7.67B	7.45B

Financial data from L Brands earnings reports

Recent insider trades

LB insider ownership history Insider history

Date	Owner	Security	Transaction	Code	10b5-1	$Price	#Shares	$Value	#Remaining
23 Jun 20	Sheehan Anne	Common Stock, $0.50 par value	Buy	Aquire P	No	14.64	685	10.03K	685
14 May 20	Zimmerman Raymond	Common Stock, $0.50 par value	Grant	Aquire A	No	0	3,629	0	50,038.05
14 May 20	Tessler Allan R	Common Stock, $0.50 par value	Grant	Aquire A	No	0	4,574	0	58,277
14 May 20	Gee Gordon	Phantom Stock Common Stock, $0.50 par value	Grant	Aquire A	No	0	3,629	0	27,338
14 May 20	Sheehan Anne	Phantom Stock Common Stock, $0.50 par value	Grant	Aquire A	No	0	12,825	0	22,484

Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q1 2020

LB institutional ownership history Ownership history

76.2% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	355	414	-14.3%
Opened positions	57	84	-32.1%
Closed positions	116	74	+56.8%
Increased positions	102	120	-15.0%
Reduced positions	139	151	-7.9%

13F shares	Current	Prev Q	Change
Total value	10.49B	18.96B	-44.7%
Total shares	211.69M	190.77M	+11.0%
Total puts	8.39M	11.03M	-24.0%
Total calls	15.15M	10.35M	+46.3%
Total put/call ratio	0.6	1.1	-48.0%

Largest owners	Shares	Value	Change
Vanguard	26.45M	$305.73M	+2.5%
Lone Pine Capital	26.27M	$303.62M	NEW
BLK BlackRock	18.14M	$209.72M	-6.8%
Primecap Management	15.59M	$180.2M	-14.7%
Melvin Capital Management	13M	$150.28M	NEW
STT State Street	10.5M	$121.4M	+0.4%
Steadfast Capital Management	8.26M	$95.53M	NEW
Egerton Capital	7.67M	$88.64M	NEW
Candlestick Capital Management	5.42M	$62.65M	+1706.6%
Citadel Advisors	4.32M	$49.98M	+181.6%

Largest transactions	Shares	Bought/sold	Change
Lone Pine Capital	26.27M	+26.27M	NEW
Melvin Capital Management	13M	+13M	NEW
Steadfast Capital Management	8.26M	+8.26M	NEW
Egerton Capital	7.67M	+7.67M	NEW
Eminence Capital	0	-5.83M	EXIT
Candlestick Capital Management	5.42M	+5.12M	+1706.6%
Arrowstreet Capital, Limited Partnership	0	-4.86M	EXIT
N Price T Rowe Associates	439.82K	-4.34M	-90.8%
PUK Prudential	4.24M	+4.24M	NEW
Contrarius Investment Management	0	-3.44M	EXIT

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

Risks

Divestitures or other dispositions, including any divestiture of Victoria’s Secret and related operations, could negatively impact our business, and contingent liabilities from businesses that we have sold could adversely affect our financial statements.

Content analysis ?

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. freshman Avg

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From filing 10-Q 2020 Q1