L Brands, Inc. (NYSE:LB) registered a -3.67% decrease, still its new closing price is 0.91% up from the company’s 1 year high of 91.92.It posted -3.80% losses in previous 5 sessions and is now the subject of 19 analysts who together assign a hold rating on stock. 1 of Wall Street analysts have an underperform rating; the 1 sells versus 5 buy or better ratings. The 30 stock analysts following this company have an average price target at $68.72, with individual PT in the $48.00-$96.00 range. The shares moved at $59.01, implying that brokerage firms see shares losing about -33.85% in twelve months time.
L Brands, Inc. (LB) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a -10.37% fall year to date. A COO at L Brands, Inc. (LB) offloaded shares in a transaction closed on Tuesday August 30, 2016. McGuigan Charles sold 23,687 shares in the company at $76.37 each and collected $1,808,001 in proceeds. McGuigan Charles now owns 33,701 shares in the company after this transaction. A Pres, L Brands International in the company, Waters Martin P, disclosed a transaction on Tuesday August 23, 2016 that ended up generating $3,525,001 from the sale of 45,500 shares at $77.49 per share.
L Brands, Inc. (NYSE:LB) Upcoming Results on Tap
L Brands, Inc. will next provide financial results for the April 2017 quarter. Stock analysts expect it to report per-share earnings of $0.51 in that period. Sales during the quarter are predicted to arrive at $2.62 billion.
Earnings surprise history: Last quarter, the company posted approximately $2.58 billion in revenue and EPS of $0.42. The mean forecast was for $2.56 billion and $0.40 a share, respectively. One quarter earlier, revenue for the stock was at $2.89 billion, with earnings at $0.70/share.
L Brands, Inc. (LB) Brokerage Update
L Brands, Inc. (LB) is in Piper Jaffray’s research list so their analyst rating change is noteworthy. These shares were upgraded to Neutral from Underweight by Piper Jaffray, according to news reported on Monday November 28, 2016.Another important research note was issued by Citigroup on Monday November 14, 2016.The firm upgraded LB to Buy from Neutral. Over the last six months and over the last three months, the shares of L Brands, Inc. (LB), have changed -18.62% and -18.19%, respectively.