L Brands (NYSE:LB) has tumbled 0.18% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 7.46% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 1.02% and the outperformance has advanced to 6.48% for the last 4 weeks period.
L Brands (NYSE:LB): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $67.87 and $67.67 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $69.41. The buying momentum continued till the end and the stock did not give up its gains. It closed at $68.28, notching a gain of 0.71% for the day. The total traded volume was 2,658,152 . The stock had closed at $67.80 on the previous day.
The company shares have dropped -21.40% from its 1 Year high price. On Nov 4, 2015, the shares registered one year high at $101.11 and the one year low was seen on May 19, 2016. The 50-Day Moving Average price is $68.87 and the 200 Day Moving Average price is recorded at $83.87.
On the companys insider trading activities, Coe Nicholas, officer (CEO-Bath and Body Works) of L Brands, Inc., unloaded 28,444 shares at an average price of $64.59 on May 25, 2016. The total amount of the transaction was worth $1,837,198, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Goldman Sachs maintains its view on L Brands (NYSE:LB) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. Goldman Sachs lowers the price target from $75 per share to $64 per share on L Brands . The rating by the firm was issued on May 20, 2016. Currently the company Insiders own 16.45% of L Brands shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -37.09% . Institutional Investors own 77.46% of L Brands shares. During last six month period, the net percent change held by insiders has seen a change of -13.05%.
L Brands, Inc. operates specialty retail business. The Company is a specialty retailer of womens intimate and other apparel, beauty and personal care products and accessories. It operates in three segments: Victorias Secret, which includes Victorias Secret PINK, which is the specialty retailer of womens intimate and other apparel with fashion-inspired collections, prestige fragrances, celebrated supermodels and world-famous runway shows; Bath & Body Works, which is the specialty retailer of home fragrance and personal care products, including shower gels, lotions, soaps and sanitizers, and Victorias Secret and Bath & Body Works International, which includes the Victorias Secret and Bath & Body Works company-owned and partner-operated stores outside of the United States and Canada. It sells its merchandise through company-owned specialty retail stores in the United States, Canada and the United Kingdom, which are primarily mall-based, and through its Websites and other channels.