L Brands, Inc. (LB) Files Form 4 Insider Buying : Allan R Tessler Buys 3,500 Shares

L Brands, Inc. (LB): Allan R Tessler , director of L Brands, Inc. purchased 3,500 shares on Jun 24, 2016. The Insider buying transaction was reported by the company on Jun 24, 2016 to the Securities and Exchange Commission. The shares were purchased at $67.92 per share for a total value of $237,706.34 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 27, 2016, Nicholas Coe (CEO-Bath and Body Works) sold 28,444 shares at $64.59 per share price.On Dec 30, 2015, Raymond Zimmerman (director) sold 1,500 shares at $96.26 per share price.Also, 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 Jun 5, 2015, Stuart B Burgdoerfer (EVP & CFO) sold 49,113 shares at $87.72 per share price.

Shares of L Brands Inc (LB) ended Friday, Jun 24, 2016 session in red amid volatile trading. The shares closed down -1.67 points or -2.42% at $67.48 with 45,26,514 shares getting traded. Post opening the session at $67.09, the shares hit an intraday low of $67.07 and an intraday high of $68 and the price vacillated in this range throughout the day. The company has a market cap of $19,401 M and the number of outstanding shares has been calculated to be 28,75,02,400 shares. The 52-week high of L Brands Inc is $101.11 and the 52-week low is $60.

L Brands Inc Money Flow Index Chart

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.

Leave a Reply

L Brands Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on L Brands Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.