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LB

L Brands

$16.77

-0.4 (-2.33%)

15:04
10/10/19
10/10
15:04
10/10/19
15:04

Jefferies says EVP exit a sign Victoria Secret turnaround not gaining traction

Jefferies analyst Randal Konik called news of the reported departure of Victoria Secret's EVP of Stores and Store Operations "another signal that the company's turnaround strategy is failing to gain traction." Given the elevated promotions he has highlighted in prior notes to investors, Konik said he doesn't find it "overly surprising" that key executives may be looking to leave. The analyst, who thinks the Victoria Secret segment will begin to lose money by the second half of 2020, reiterates his Underperform rating on shares of parent L Brands.

  • 21

    Nov

LB L Brands
$16.77

-0.4 (-2.33%)

09/09/19
JEFF
09/09/19
NO CHANGE
Target $14
JEFF
Underperform
Jefferies keeps sell call on L Brands with candle prices plateauing
Jefferies analyst Randal Konik says his five-plus years of candle promotion data at Bath & Body Works show that candle prices are plateauing, and pricing gains, which he notes have been supporting the comp, are waning. This is key because candles have likely driven disproportionate revenue growth, Konik tells investors in a research note. With the data showing L Brands' candle strength and comp benefit has "passed peak," Bath & Body Works' fundamentals "will begin to falter," contends the analyst. Konik, who also believes Victoria's Secret and PINK "are broken," continues to recommend selling shares of L Brands with an Underperform rating and $14 price target.
09/11/19
MKMP
09/11/19
NO CHANGE
Target $21
MKMP
Neutral
L Brands price target lowered to $21 from $26 at MKM Partners
MKM Partners analyst Roxanne Meyer lowered her price target on L Brand to $21 and kept her Neutral rating after its Analyst Day, saying that the event did not focus on the company's holiday plans and visibility in its recovery remains low. The analyst is especially concerned about the visibility of business trajectory at Victoria's Secret, since its product changes are in the early innings and trends for August appear to have worsened. Meyer does acknowledge that the introduction of new leadership at VS and PINK gave the Street some "long-awaited insight" on the company's strategies to improve performance, but she also believes that the near-to-medium term product and marketing initiatives are not enough to move the needle on the stock.
09/23/19
JEFF
09/23/19
NO CHANGE
Target $14
JEFF
Underperform
Jefferies reiterates call to sell L Brands on Victoria's Secret free panty promo
Victoria's Secret stores are hurting for traffic and resorting to "free stuff" to try to stimulate traffic, Jefferies analyst Randal Konik tell investors in a research note. Over the past decade promotional panty prices have "collapsed" from an on promo peak of $5 to now free, says the analyst. He believes Victoria's Secret's strategy of using panties as a promo tool to try to drive traffic and get customers to purchase bras clearly isn't working as today's offer is for a free panty with no purchase necessary. Also concerning is the offer is for Angel members, which are in theory supposed to be the most loyal, says Konik. The analyst tells investors to sell Victoria's Secret parent L Brands. He keeps an Underperform rating on the name with a $14 price target.
09/25/19
DADA
09/25/19
NO CHANGE
Target $20
DADA
Neutral
L Brands's Victoria's Secret division facing headwinds, says DA Davidson
DA Davidson analyst John Morris keeps his Neutral rating and $20 price target on L Brands, saying the company's Victoria's Secret division continues to face headwinds. The analyst notes that the management's initiatives to regain momentum for the Victoria's Secret division is still a "work-in-progress" and believes that its previous messaging and assortments did not resonate with the consumer. Morris adds that his conference call yesterday reinforced his view that Victoria's Secret turnaround is pushed out to 2020.

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BKI

Black Knight

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UPS

UPS

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HON

Honeywell

$163.52

2.63 (1.63%)

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  • 17

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OKTA

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1.65 (1.44%)

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Zscaler

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CRWD

Crowdstrike

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ERIC

Ericsson

$8.44

0.2 (2.43%)

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  • 17

    Oct

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    Oct

OSTK

Overstock.com

$10.67

-0.18 (-1.66%)

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CMTL

Comtech

$31.24

0.51 (1.66%)

09:08
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RETA

Reata Pharmaceuticals

$95.80

9.86 (11.47%)

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WEN

Wendy's

$20.76

0.76 (3.80%)

09:06
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  • 29

    Oct

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LAND

Gladstone Land

$11.87

(0.00%)

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  • 07

    Nov

LMAT

LeMaitre

$31.29

-0.03 (-0.10%)

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  • 23

    Oct

HUBS

HubSpot

$163.05

2.975 (1.86%)

09:05
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  • 19

    Nov

GWPH

GW Pharmaceuticals

$114.35

-3.8 (-3.22%)

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  • 15

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LAND

Gladstone Land

$11.87

(0.00%)

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  • 07

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LMAT

LeMaitre

$31.29

-0.03 (-0.10%)

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  • 23

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ABT

Abbott

$79.61

0.11 (0.14%)

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  • 16

    Oct

XGN

Exagen

$12.18

-1.17 (-8.76%)

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LOOP

Loop Industries

$10.39

0.01 (0.10%)

08:56
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JELD

Jeld-Wen

$16.08

-2.56 (-13.73%)

08:55
10/14/19
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  • 06

    Nov

AAPL

Apple

$236.21

6.12 (2.66%)

, BAC

Bank of America

$28.90

0.46 (1.62%)

08:55
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Notable open interest changes for October 14th »

Friday's total…

AAPL

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$236.21

6.12 (2.66%)

BAC

Bank of America

$28.90

0.46 (1.62%)

FB

Facebook

$184.20

4.02 (2.23%)

TSLA

Tesla

$247.84

3.14 (1.28%)

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ZG

Zillow

$29.25

0.52 (1.81%)

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  • 19

    Nov

EV

Eaton Vance

$43.47

0.875 (2.05%)

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  • 12

    Nov

FLXN

Flexion

$13.37

0.125 (0.94%)

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ACB

Aurora Cannabis

$3.68

-0.045 (-1.21%)

, USAT

USA Technologies

$0.00

(0.00%)

08:45
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Largest borrow rate increases among liquid names »

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ACB

Aurora Cannabis

$3.68

-0.045 (-1.21%)

USAT

USA Technologies

$0.00

(0.00%)

BYND

Beyond Meat

$131.40

-4.6 (-3.38%)

CGC

Canopy Growth

$19.42

-1.005 (-4.92%)

CHK

Chesapeake

$1.38

0.09 (6.98%)

PZZA

Papa John's

$53.16

0.32 (0.61%)

NVAX

Novavax

$4.57

0.11 (2.47%)

DXJ

WisdomTree Japan Hedged Equity Fund

$51.12

1.1 (2.20%)

PTON

Peloton

$22.40

-0.755 (-3.26%)

UBER

Uber

$30.09

1.19 (4.12%)

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  • 29

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