KeyBanc Downgrades L Brands Inc to Underweight

Brokerage firm KeyBanc Downgrades its rating on L Brands Inc(LB). The shares have been rated Underweight. The rating by the stock financial advisor at KeyBanc was issued on Mar 22, 2017 in a research report to their Investors and Clients.

In a different note, On Mar 17, 2017, FBR Capital said it Upgrades its rating on L Brands Inc. The shares have been rated ‘Outperform’ by the firm. Guggenheim said it Initiates Coverage On L Brands Inc, according to a research note issued on Mar 9, 2017. The shares have been rated ‘Neutral’ by the firm. On Feb 23, 2017, Atlantic Equities said it Downgrades its rating on L Brands Inc. The shares have been rated ‘Neutral’ by the firm.

L Brands Inc (LB) shares turned negative on Fridays trading session with the shares closing down -0.6 points or -1.25% at a volume of 24,73,494. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $48.2. The peak price level was also seen at $48.2 while the days lowest was $47.235. Finally the shares closed at $47.47. The 52-week high of the shares is $88.76 while the 52-week low is $47.235. According to the latest information available, the market cap of the company is $13,531 M.

L Brands Inc(LB) last announced its earnings results on Feb 22, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $4.489B. Analysts had an estimated revenue of $4.520B. Earnings per share were $2.03. Analysts had estimated an EPS of $1.87.

Several Insider Transactions has been reported to the SEC. On Sep 1, 2016, Charles Mcguigan (Chief Operating Officer) sold 23,687 shares at $76.37 per share price.Also, On Aug 25, 2016, Martin P Waters (Pres, L Brands International) sold 45,500 shares at $77.49 per share price.On Jul 12, 2016, Nicholas Coe (CEO-Bath and Body Works) sold 4,951 shares at $67.53 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.

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