L Brands Inc (LB) was Downgraded by Piper Jaffray to ” Underweight”. Earlier the firm had a rating of “Neutral ” on the company shares. Piper Jaffray advised their investors in a research report released on May 5, 2016.
Many Wall Street Analysts have commented on L Brands Inc. L Brands Inc was Upgraded by Bernstein to ” Outperform” on Apr 28, 2016. Stifel Upgraded L Brands Inc on Apr 25, 2016 to ” Buy”, Price Target of the shares are set at $90.L Brands Inc was Downgraded by Goldman to ” Neutral” on Apr 12, 2016.
On the company’s financial health, L Brands Inc reported $2.15 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Feb 24, 2016. Analyst had a consensus of $2.05. The company had revenue of $4395.00 million for the quarter, compared to analysts expectations of $4374.97 million. The company’s revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.89 EPS.
L Brands Inc opened for trading at $78.73 and hit $80.2 on the upside on Wednesday, eventually ending the session at $80.18, with a gain of 1.29% or 1.02 points. The heightened volatility saw the trading volume jump to 23,50,229 shares. Company has a market cap of $23,018 M.
In a different news, on Dec 30, 2015, Raymond Zimmerman (director) sold 1,500 shares at $96.26 per share price. According to the SEC, on Nov 5, 2015, Sharen J Turney (CEO/P VS Megabrand Int App Grp) sold 80,000 shares at $100.15 per share price. On Jul 10, 2015, Nicholas Coe (CEO-Bath and Body Works) sold 5,000 shares at $83.79 per share price, according to the Form-4 filing with the securities and exchange commission.
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.