5 Best Dividend Stocks to Buy According to Billionaire Philippe Laffont

2. L Brands, Inc. (NYSE: LB)

Value: $235,417,000
Percent of Philippe Laffont’s 13F Portfolio: 0.88%
No. of Hedge Fund Holders: 52
Dividend Yield: 1.82%

Bank of America has rated the stock of L Brands, Inc. (NYSE: LB) as “Buy” with a price target of $75. This is after the company restarted talks with Victoria’s Secret. On the other hand, UBS has a “Buy” rating on the stock. L Brands is a top retail pick of BMO Capital Markets.

For Q4 2020 the company reported earnings of $3.03 per share comparted to $1.88 per share in Q4 2019. L Brands Q1 profit is expected to be in the range of 35 cents per share to 45 cents per share, up from consensus forecast of 12 cents per share.

The increase in sales of American clothes and clothing accessories in the recent months will further help boost the company’ sales.

L Brands, Inc. (NYSE: LB) stock was in 52 hedge fund portfolio at the end of Q4 2020, up from 45 in Q3 2020.