Is L Brands Inc’s Latest Move For Real? The Stock Was Sold By Option Traders Today

 Is L Brands Inc's Latest Move For Real? The Stock Was Sold By Option Traders Today

In today’s session L Brands Inc (LB) recorded an unusually high (134) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious LB decrease. With 134 contracts traded and 8474 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: LB161021P00072500 closed last at: $0.6 or 40% down. About 605,064 shares traded hands. L Brands Inc (NYSE:LB) has declined 16.95% since March 15, 2016 and is downtrending. It has underperformed by 22.44% 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 Buckingham Research with “Neutral” on Monday, August 10. The rating was maintained by Mizuho on Wednesday, November 4 with “Buy”. The firm has “Buy” rating given on Thursday, September 17 by M Partners. The firm earned “Perform” rating on Friday, November 13 by Oppenheimer. Bernstein maintained it with “Outperform” rating and $76 target price in Friday, May 20 report. The firm has “Mkt Perform” rating given on Friday, May 20 by FBR Capital. Barclays Capital initiated the stock with “Equal-Weight” rating in Thursday, October 29 report. The company was maintained on Friday, October 9 by Telsey Advisory Group. The firm has “Outperform” rating given on Friday, August 19 by Telsey Advisory Group. The stock of L Brands Inc (NYSE:LB) has “Buy” rating given on Thursday, August 20 by Mizuho.

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 fall, 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.
Employees Retirement Sys Of Texas, a Texas-based fund reported 15,000 shares. Parkside Financial Bank & Tru owns 50 shares or 0% of their US portfolio. Horizon Kinetics Ltd Company has 770,201 shares for 1.3% of their US portfolio. Federated Pa, a Pennsylvania-based fund reported 20,175 shares. Westport Res Mgmt Incorporated has invested 0% of its portfolio in L Brands Inc (NYSE:LB). Robecosam Ag has invested 0.36% of its portfolio in L Brands Inc (NYSE:LB). Geode Limited Liability Corp last reported 2.06 million shares in the company. Fil reported 130,173 shares or 0.03% of all its holdings. Jpmorgan Chase & has invested 0.07% of its portfolio in L Brands Inc (NYSE:LB). Ibm Retirement Fund accumulated 0.07% or 28,738 shares. Zebra Limited Liability Corporation has 17,072 shares for 0.4% of their US portfolio. Caisse De Depot Et Placement Du Quebec last reported 69,222 shares in the company. The Connecticut-based Euclid Advsr Ltd Co has invested 0.15% in L Brands Inc (NYSE:LB). Martin Currie accumulated 157,725 shares or 1.02% of the stock. Tiaa Cref Inv Mgmt has 657,512 shares for 0.03% of their US portfolio.

L Brands, Inc. operates specialty retail business. The company has a market cap of $20.53 billion. The Firm is focused on women’s intimate and other apparel, personal care and beauty categories. It has a 17.83 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 recent L Brands Inc (NYSE:LB) news were published by: Wsj.com which released: “L Brands Comparable Sales Rise in September” on October 06, 2016. Also Blogs.Wsj.com published the news titled: “Stocks to Watch: Twitter, Wal-Mart, L Brands” on October 06, 2016. Seekingalpha.com‘s news article titled: “Here Are The Key Growth Drivers For L Brands” with publication date: September 28, 2016 was also an interesting one.

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