The stock of L Brands Inc (NYSE:LB) is a huge mover today! About 724,658 shares traded hands. L Brands Inc (NYSE:LB) has declined 7.81% since April 25, 2016 and is downtrending. It has underperformed by 13.82% the S&P500.
The move comes after 9 months positive chart setup for the $20.64B company. It was reported on Nov, 28 by Barchart.com. We have $74.62 PT which if reached, will make NYSE:LB worth $619.20M more.
Analysts await L Brands Inc (NYSE:LB) to report earnings on February, 22. They expect $1.97 EPS, down 8.37% or $0.18 from last year’s $2.15 per share. LB’s profit will be $561.38M for 9.20 P/E if the $1.97 EPS becomes a reality. After $0.42 actual EPS reported by L Brands Inc for the previous quarter, Wall Street now forecasts 369.05% EPS growth.
L Brands Inc (NYSE:LB) Ratings Coverage
Out of 24 analysts covering L Brands (NYSE:LB), 9 rate it a “Buy”, 2 “Sell”, while 13 “Hold”. This means 38% are positive. L Brands has been the topic of 84 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The rating was maintained by Wedbush with “Neutral” on Friday, August 19. The firm has “Hold” rating given on Friday, August 21 by Brean Capital. On Friday, August 19 the stock rating was maintained by Telsey Advisory Group with “Outperform”. The rating was initiated by Wolfe Research on Tuesday, August 18 with “Peer Perform”. On Tuesday, November 1 the stock rating was downgraded by Mizuho to “Neutral”. The stock has “Neutral” rating given by Citigroup on Friday, April 8. The firm has “Buy” rating given on Wednesday, November 4 by Topeka Capital Markets. The stock of L Brands Inc (NYSE:LB) has “Neutral” rating given on Friday, May 20 by Wedbush. The firm has “Sector Perform” rating given on Wednesday, November 2 by RBC Capital Markets. The firm has “Neutral” rating given on Friday, August 19 by Citigroup.
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 increased to 0.96 in Q2 2016. Its up 0.06, from 0.9 in 2016Q1. The ratio increased, 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.
Disciplined Growth Investors Mn last reported 1.47M shares in the company. Mirae Asset Global Co Limited has 0.04% invested in the company for 20,647 shares. Blackrock, a United Kingdom-based fund reported 2.24M shares. Azimuth Mngmt Ltd Company has 3,000 shares for 0.02% of their US portfolio. Manufacturers Life Insurance The holds 0.03% of its portfolio in L Brands Inc (NYSE:LB) for 255,990 shares. The California-based Blackrock Fund has invested 0.07% in L Brands Inc (NYSE:LB). Wesbanco Bank & Trust last reported 3,094 shares in the company. Credit Agricole S A accumulated 0.09% or 352,342 shares. Nikko Asset Americas, a New York-based fund reported 4,200 shares. Jennison Assocs Ltd Co has 0.05% invested in the company for 632,270 shares. Moreover, Fred Alger Mngmt has 0% invested in L Brands Inc (NYSE:LB) for 11,584 shares. Retirement Of Alabama holds 0.05% or 128,983 shares in its portfolio. Whittier Co last reported 1,365 shares in the company. The United Kingdom-based Legal General Grp Inc Public Limited has invested 0.08% in L Brands Inc (NYSE:LB). Jefferies Grp Inc Limited Liability Corporation has 39,511 shares for 0.01% of their US portfolio.
More important recent L Brands Inc (NYSE:LB) news were published by: Wsj.com which released: “L Brands CEO Says Victoria’s Secret Was Getting Stale” on November 01, 2016, also Forbes.com published article titled: “Ex-Dividend Reminder: L Brands, National CineMedia and Avista”, Marketwatch.com published: “Victoria’s Secret L Brands gives downbeat forecast” on November 16, 2016. More interesting news about L Brands Inc (NYSE:LB) was released by: Forbes.com and their article: “Victoria’s Secret Gives Little Lift To L Brands” with publication date: November 03, 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.
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