What’s in L Brands Inc After Today’s Bullish Options Activity?

 What's in L Brands Inc After Today's Bullish Options Activity?

In today’s session L Brands Inc (LB) registered an unusually high (373) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious LB increase. With 373 contracts traded and 17044 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: LB161118C00072500 closed last at: $1.8 or 12.5% up. About 1.35M shares traded hands. L Brands Inc (NYSE:LB) has declined 18.64% since March 3, 2016 and is downtrending. It has underperformed by 26.99% the S&P500.

L Brands Inc (NYSE:LB) Ratings Coverage

Out of 23 analysts covering L Brands (NYSE:LB), 9 rate it a “Buy”, 1 “Sell”, while 13 “Hold”. This means 39% are positive. L Brands has been the topic of 78 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The rating was maintained by Brean Capital with “Hold” on Friday, August 21. The company was maintained on Monday, August 10 by Buckingham Research. The stock has “Neutral” rating given by Credit Suisse on Friday, August 19. The stock of L Brands Inc (NYSE:LB) earned “Outperform” rating by Cowen & Co on Friday, May 20. Telsey Advisory Group maintained it with “Outperform” rating and $115 target price in Wednesday, November 4 report. The rating was downgraded by Robert W. Baird to “Neutral” on Thursday, May 19. The firm has “Peer Perform” rating by Wolfe Research given on Tuesday, August 18. The rating was maintained by Barclays Capital on Thursday, February 25 with “Equal-Weight”. The firm has “Buy” rating given on Wednesday, November 4 by Mizuho. The stock of L Brands Inc (NYSE:LB) has “Sector Perform” rating given on Friday, August 19 by RBC Capital Markets.

According to Zacks Investment Research, “L Brands, Inc. operates as a retailer of women’s intimate and other apparel, beauty and personal care products and accessories primarily in the United States. Its brand includes Victoria’s Secret, Victoria’s Secret Pink, Bath & Body Works, La Senza and Henri Bendel. The company sells its product through franchise, license, wholesale partners, websites, catalogue, and other channels. L Brands Inc., formerly known as Limited Brands Inc., is headquartered in Columbus, Ohio.”

Insitutional Activity: The institutional sentiment decreased to 0.9 in Q2 2016. Its down 0.35, from 1.25 in 2016Q1. The ratio dived, as 98 funds sold all L Brands Inc shares owned while 144 reduced positions. 50 funds bought stakes while 168 increased positions. They now own 214.85 million shares or 2.03% less from 219.30 million shares in 2016Q1.
The New York-based Jane Street Gp Limited Liability Company has invested 0.01% in L Brands Inc (NYSE:LB). Abrams Bison Invs Ltd Liability last reported 20.73% of its portfolio in the stock. Westwood Group has invested 0.06% of its portfolio in L Brands Inc (NYSE:LB). Raymond James And last reported 38,538 shares in the company. Morgan Stanley has invested 0.16% of its portfolio in L Brands Inc (NYSE:LB). American National Ins Tx last reported 106,390 shares in the company. Stratos Wealth Prtnrs Ltd has invested 0.04% of its portfolio in L Brands Inc (NYSE:LB). Scotia Cap Incorporated accumulated 0.02% or 12,148 shares. Raymond James Serv Advisors holds 6,015 shares or 0% of its portfolio. Moreover, Kbc Group Nv has 0.1% invested in L Brands Inc (NYSE:LB) for 99,476 shares. Blackrock Mgmt Limited last reported 544,098 shares in the company. Us Savings Bank De last reported 43,153 shares in the company. Livforsakringsbolaget Skandia Omsesidigt accumulated 22,464 shares or 0.07% of the stock. Miller Howard Ny holds 897,166 shares or 1.08% of its portfolio. Axa holds 0.03% of its portfolio in L Brands Inc (NYSE:LB) for 105,000 shares.

L Brands, Inc. operates specialty retail business. The company has a market cap of $20.44 billion. The Firm is focused on women’s intimate and other apparel, personal care and beauty categories. It has a 17.47 P/E ratio. The Firm operates through three divisions: Victoria’s Secret, Bath & Body Works, and Victoria’s Secret and Bath & Body Works International.

LB Company Profile

L Brands, Inc., incorporated on March 16, 1982, operates specialty retail business. The Firm is focused on women’s intimate and other apparel, personal care and beauty categories. The Firm sells its merchandise through Company-owned specialty retail stores in the United States, Canada and the United Kingdom, which are primarily mall-based; through Websites, and through international franchise, license and wholesale partners (collectively partners). The Firm operates through three divisions: Victoria’s Secret, Bath & Body Works, and Victoria’s Secret and Bath & Body Works International. The Firm operates the retail brands, which include Victoria’s Secret, PINK, Bath & Body Works, La Senza and Henri Bendel. La Senza is a specialty retailer of women’s intimate apparel. The Firm sells its La Senza products at over 140 La Senza stores in Canada and online at www.LaSenza.com. Additionally, La Senza has approximately 220 stores in over 30 other countries operating under franchise, license and wholesale arrangements. Bath & Body Works is a specialty retailer of personal care, soaps, sanitizers and home fragrance products. Henri Bendel is an operator of approximately 30 specialty stores, which sells handbags, jewelry and other accessory products. Mast Global is a merchandise sourcing and production function serving the Company and its international partners.

More notable recent L Brands Inc (NYSE:LB) news were published by: Blogs.Wsj.com which released: “Stocks to Watch: Twitter, Wal-Mart, L Brands” on October 06, 2016, also Wsj.com with their article: “L Brands Comparable Sales Rise in September” published on October 06, 2016, Finance.Yahoo.com published: “L Brands Reports September 2016 Sales” on October 06, 2016. More interesting news about L Brands Inc (NYSE:LB) were released by: Benzinga.com and their article: “Jim Strugger’s L Brands Trade” published on October 06, 2016 as well as Streetinsider.com‘s news article titled: “L Brands (LB) Comps Rose 3% in Sept. 2016; Sales up 6%” with publication date: October 06, 2016.

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