L Brands, Inc. (LB) Files Form 4 Insider Selling : Nicholas Coe Sells 28,444 Shares

L Brands, Inc. (LB): Nicholas Coe , CEO-Bath and Body Works of L Brands, Inc. sold 28,444 shares on May 25, 2016. The Insider selling transaction was reported by the company on May 27, 2016 to the Securities and Exchange Commission. The shares were sold at $64.59 per share for a total value of $1,837,135.38 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Dec 30, 2015, Raymond Zimmerman (director) sold 1,500 shares at $96.26 per share price.On Nov 5, 2015, Sharen J Turney (CEO/P VS Megabrand Int App Grp) sold 80,000 shares at $100.15 per share price.Also, On Jul 10, 2015, Nicholas Coe (CEO-Bath and Body Works) sold 5,000 shares at $83.79 per share price.On Jun 5, 2015, Stuart B Burgdoerfer (EVP & CFO) sold 49,113 shares at $87.72 per share price.

L Brands Inc: On Wednesday, May 25, 2016 heightened volatility was witnessed in L Brands Inc which led to swings in the share price. The shares opened for trading at $64.25 and hit $66.47 on the upside , eventually ending the session at $66.15, with a gain of 2.94% or 1.89 points. The heightened volatility saw the trading volume jump to 42,74,480 shares. The 52-week high of the share price is $101.11 and the company has a market cap of $18,990 M . The 52-week low of the share price is at $60.

L Brands Inc Money Flow Index Chart

On May 20, 2016, L Brands Inc announced a cash dividend of $0.6000. The company’s management has announced Jun 1, 2016 as the ex-dividend date and fixed the record date on Jun 3, 2016. The payable date has been fixed on Jun 17, 2016.

Company has been under the radar of several Street Analysts.L Brands Inc is Reiterated by Wolfe Research to Peer Perform while Lowering the Price Target of the company shares to $ 62 from a previous price target of $70 . The Rating was issued on May 20, 2016.L Brands Inc is Reiterated by FBR Capital to Mkt Perform while Lowering the Price Target of the company shares to $ 63 from a previous price target of $93 . The Rating was issued on May 20, 2016.L Brands Inc is Reiterated by Telsey Advisory Group to Outperform while Lowering the Price Target of the company shares to $ 88 from a previous price target of $95 . The Rating was issued on May 20, 2016.L Brands Inc is Reiterated by RBC Capital Mkts to Sector Perform while Lowering the Price Target of the company shares to $ 68 from a previous price target of $75 . The Rating was issued on May 20, 2016.L Brands Inc is Reiterated by Wedbush to Neutral while Lowering the Price Target of the company shares to $ 65 from a previous price target of $72 . The Rating was issued on May 20, 2016.

L Brands Inc. operates specialty retail business. The Company is a specialty retailer of women’s intimate and other apparel beauty and personal care products and accessories. It operates in three segments: Victoria’s Secret which includes Victoria’s Secret PINK which is the specialty retailer of women’s 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 Victoria’s Secret and Bath & Body Works International which includes the Victoria’s 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.

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L Brands Inc - Is it time to Sell?

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