Portfolio Management
Before Wednesday’s opening bell, L Brands (LB) released its comparable store sales data for November. Here’s what the news means for mutual fund investors.
Inside LB’s November Comps
While many retailers struggle to stay afloat, L Brands, the parent company company of Bath & Body Works and Victoria’s Secret, has excelled in the apparel business. On Thursday morning, the company released yet another increase in comparable store sales.
The company reported a 9% increase in net sales for November. For the 43 week period ended November 29, the company reported that sales rose 7%. Comparable store sales increased by 4%.
Year-to-date, LB is up nearly 35%. On November 20th, the company released its third quarter financial results, which came in above analysts’ estimates.
Mutual Funds to Watch
For investors seeking exposure to L Brands, but also want diversification, a mutual fund investment may be a good alternative. The funds below currently hold the largest stakes in LB.
| Symbol | Mutual Fund | Stake |
|---|---|---|
| VPMCX | Vanguard PRIMECAP | 3.43% |
| VMCIX | Vanguard Mid Cap Index | 1.47% |
| VTSMX | Vanguard Total Stock Market Index | 1.41% |
The Bottom Line
The funds above allow investors to gain exposure to LB while remaining diversified. Investors interested in L Brands may also be interested in stocks like Ann Inc (ANN), Coach (COH) and Chico’s (CHS).
Sign up for Advisor Access
Receive email updates about best performers, news, CE accredited webcasts and more.
Popular Articles
Practice Management
3 Must Read Pieces for Practice Management: January 13
Download Our Free Report
