The stock of L Brands Inc (NYSE:LB) is a huge mover today! About 1.25 million shares traded hands. L Brands Inc (NYSE:LB) has declined 18.64% since March 3, 2016 and is downtrending. It has underperformed by 26.99% the S&P500.
The move comes after 5 months positive chart setup for the $20.45 billion company. It was reported on Oct, 6 by Barchart.com. We have $89.18 PT which if reached, will make NYSE:LB worth $5.11 billion more.
L Brands Inc (NYSE:LB) Ratings Coverage
Out of 23 analysts covering L Brands (NYSE:LB), 9 rate it a “Buy”, 1 “Sell”, while 13 “Hold”. This means 39% are positive. L Brands has been the topic of 78 analyst reports since August 7, 2015 according to StockzIntelligence Inc. On Friday, August 19 the stock rating was maintained by Citigroup with “Neutral”. The stock of L Brands Inc (NYSE:LB) has “Mkt Perform” rating given on Friday, August 19 by FBR Capital. Oppenheimer maintained the shares of LB in a report on Friday, November 13 with “Perform” rating. On Friday, August 19 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The company was maintained on Friday, April 8 by Citigroup. FBR Capital maintained L Brands Inc (NYSE:LB) rating on Monday, October 12. FBR Capital has “Market Perform” rating and $95 price target. The company was maintained on Friday, May 20 by Wedbush. As per Thursday, September 17, the company rating was initiated by M Partners. The rating was maintained by Barclays Capital with “Equal-Weight” on Thursday, February 25. As per Thursday, April 28, the company rating was upgraded by Bernstein.
According to Zacks Investment Research, “L Brands, Inc. operates as a retailer of women’s intimate and other apparel, beauty and personal care products and accessories primarily in the United States. Its brand includes Victoria’s Secret, Victoria’s Secret Pink, Bath & Body Works, La Senza and Henri Bendel. The company sells its product through franchise, license, wholesale partners, websites, catalogue, and other channels. L Brands Inc., formerly known as Limited Brands Inc., is headquartered in Columbus, Ohio.”
Insitutional Activity: The institutional sentiment decreased to 0.9 in Q2 2016. Its down 0.35, from 1.25 in 2016Q1. The ratio turned negative, as 98 funds sold all L Brands Inc shares owned while 144 reduced positions. 50 funds bought stakes while 168 increased positions. They now own 214.85 million shares or 2.03% less from 219.30 million shares in 2016Q1.
Farmers And Merchants Investments holds 173 shares or 0% of its portfolio. Moreover, Rothschild Asset Mgmt Inc has 0.01% invested in L Brands Inc (NYSE:LB) for 5,732 shares. Henderson Grp Public Limited Liability Company holds 0.02% of its portfolio in L Brands Inc (NYSE:LB) for 40,096 shares. Capstone Asset Management Com last reported 0.76% of its portfolio in the stock. The New York-based Pinebridge Invests Lp has invested 0% in L Brands Inc (NYSE:LB). Public Employees Retirement Association Of Colorado, a Colorado-based fund reported 340,689 shares. Palo Cap Inc has 0.18% invested in the company for 8,016 shares. The Connecticut-based Aqr Cap Mgmt Limited Liability has invested 0.04% in L Brands Inc (NYSE:LB). Bank & Trust Of New York Mellon last reported 2.05M shares in the company. Envestnet Asset Mgmt reported 7,523 shares or 0% of all its holdings. Ibm Retirement Fund owns 28,738 shares or 0.07% of their US portfolio. Korea Inv holds 0.01% of its portfolio in L Brands Inc (NYSE:LB) for 31,100 shares. The Illinois-based First Tru L P has invested 0.03% in L Brands Inc (NYSE:LB). Brown Advisory last reported 4,984 shares in the company. Benjamin F Edwards And Comm accumulated 0.05% or 4,000 shares.
More notable recent L Brands Inc (NYSE:LB) news were published by: Blogs.Wsj.com which released: “Stocks to Watch: Twitter, Wal-Mart, L Brands” on October 06, 2016, also Wsj.com with their article: “L Brands Comparable Sales Rise in September” published on October 06, 2016, Finance.Yahoo.com published: “L Brands Reports September 2016 Sales” on October 06, 2016. More interesting news about L Brands Inc (NYSE:LB) were released by: Benzinga.com and their article: “Jim Strugger’s L Brands Trade” published on October 06, 2016 as well as Streetinsider.com‘s news article titled: “L Brands (LB) Comps Rose 3% in Sept. 2016; Sales up 6%” with publication date: October 06, 2016.
LB Company Profile
L Brands, Inc., incorporated on March 16, 1982, operates specialty retail business. The Firm is focused on women’s intimate and other apparel, personal care and beauty categories. The Firm sells its merchandise through Company-owned specialty retail stores in the United States, Canada and the United Kingdom, which are primarily mall-based; through Websites, and through international franchise, license and wholesale partners (collectively partners). The Firm operates through three divisions: Victoria’s Secret, Bath & Body Works, and Victoria’s Secret and Bath & Body Works International. The Firm operates the retail brands, which include Victoria’s Secret, PINK, Bath & Body Works, La Senza and Henri Bendel. La Senza is a specialty retailer of women’s intimate apparel. The Firm sells its La Senza products at over 140 La Senza stores in Canada and online at www.LaSenza.com. Additionally, La Senza has approximately 220 stores in over 30 other countries operating under franchise, license and wholesale arrangements. Bath & Body Works is a specialty retailer of personal care, soaps, sanitizers and home fragrance products. Henri Bendel is an operator of approximately 30 specialty stores, which sells handbags, jewelry and other accessory products. Mast Global is a merchandise sourcing and production function serving the Company and its international partners.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.