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L Brands (LB) Surges: Stock Moves 5.9% Higher

Zacks Equity Research
Updated

L Brands, Inc. LB was a big mover last session, as the company saw its shares rise nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $27.44–$30.37 in the past one-month time frame, witnessed a sharp increase yesterday.

The move came after the company reported sales for the month of September that surged year over year. Moreover, the company is pursuing alternatives for its La Senza business.

The company has seen nine negative estimate revisions in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few months, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

L Brands currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is negative.  

L Brands, Inc. Price

L Brands, Inc. Price | L Brands, Inc. Quote

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A better-ranked stock in the Retail - Apparel and Shoes industry is Boot Barn Holdings, Inc. BOOT, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is LB going up? Or down? Predict to see what others think:

Up or Down

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