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LB

L Brands

$16.83

-0.34 (-1.98%)

06:07
10/11/19
10/11
06:07
10/11/19
06:07

Victoria's Secret laying off about 15% of employees at HQ, NY Times reports

Victoria's Secret, a unit of L Brands, laid off about 15% of its employees at its Columbus, Ohio headquarters, The New York Times' Sapna Maheshwari, Katherine Rosman and Emily Steel report. The cuts, which involved about 50 people and included senior leaders and junior staff members, took place on Wednesday and Thursday, three people with knowledge of the situation say. Reference Link

  • 21

    Nov

LB L Brands
$16.83

-0.34 (-1.98%)

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.
10/10/19
JEFF
10/10/19
NO CHANGE
JEFF
Underperform
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.

TODAY'S FREE FLY STORIES

14:40
10/16/19
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14:40
General news
Treasury Action: Treasury rates remain modestly lower on the day »

Treasury Action: Treasury…

TMUS

T-Mobile

$79.84

0.09 (0.11%)

, S

Sprint

$6.46

-0.025 (-0.39%)

14:32
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Periodicals
T-Mobile, Sprint deal 'appears to have cleared' FCC vote, Bloomberg says »

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T-Mobile

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0.09 (0.11%)

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Sprint

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PZZA

Papa John's

$54.85

1.73 (3.26%)

14:25
10/16/19
10/16
14:25
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Options
Papa John's call volume above normal and directionally bullish »

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    Nov

PINC

Premier

$31.89

0.47 (1.50%)

, GE

General Electric

$8.90

0.015 (0.17%)

14:23
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10/16
14:23
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14:23
Hot Stocks
Premier, GE collaborating on U.S. model for same-day breast cancer diagnosis »

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PINC

Premier

$31.89

0.47 (1.50%)

GE

General Electric

$8.90

0.015 (0.17%)

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PLCE

Children's Place

$76.39

0.36 (0.47%)

, SCVL

Shoe Carnival

$33.81

0.52 (1.56%)

14:21
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10/16
14:21
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Periodicals
Mox sees potential 40%-60% upside in Children's Place, Shoe Carnival »

Mox Reports said in a new…

PLCE

Children's Place

$76.39

0.36 (0.47%)

SCVL

Shoe Carnival

$33.81

0.52 (1.56%)

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14:20
10/16/19
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14:20
General news
Fed's Beige Book reported the expansion was at a "slight to modest pace," »

Fed's Beige Book…

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

14:17
10/16/19
10/16
14:17
10/16/19
14:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

14:16
10/16/19
10/16
14:16
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14:16
Technical Analysis
NYSE market internals summary »

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SNY

Sanofi

$45.72

0.17 (0.37%)

, BAX

Baxter

$87.08

-0.68 (-0.77%)

14:16
10/16/19
10/16
14:16
10/16/19
14:16
Periodicals
Sanofi in advanced talks to sell Seprafilm to Baxter, Bloomberg reports »

Sanofi (SNY) is in…

SNY

Sanofi

$45.72

0.17 (0.37%)

BAX

Baxter

$87.08

-0.68 (-0.77%)

03/08/13
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    Nov

ATVI

Activision Blizzard

$55.61

0.04 (0.07%)

14:08
10/16/19
10/16
14:08
10/16/19
14:08
Periodicals
Blizzard bans 'Hearthstone' team for 6 months after Hong Kong sign, Kotaku says »

"Hearthstone"…

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    Nov

CLDR

Cloudera

$8.91

0.105 (1.19%)

14:05
10/16/19
10/16
14:05
10/16/19
14:05
Options
Cloudera call volume above normal and directionally bullish »

Bullish option flow…

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$298.25

-0.65 (-0.22%)

14:03
10/16/19
10/16
14:03
10/16/19
14:03
General news
Most Fed districts reported 'modest' pace of price increases »

The Federal…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$298.25

-0.65 (-0.22%)

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$298.22

-0.68 (-0.23%)

14:02
10/16/19
10/16
14:02
10/16/19
14:02
General news
Employment rose slightly 'on balance,' Fed says in Beige Book »

The Federal…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$298.22

-0.68 (-0.23%)

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$298.18

-0.72 (-0.24%)

14:01
10/16/19
10/16
14:01
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14:01
General news
U.S. economy expanded at 'slight to modest pace,' Fed says in Beige Book »

The Federal…

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S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$298.18

-0.72 (-0.24%)

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13:55
10/16/19
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13:55
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13:55
Conference/Events
Joint Economic Committee to hold a hearing »

The Committee holds a…

TMUS

T-Mobile

$79.88

0.125 (0.16%)

, S

Sprint

$6.45

-0.03 (-0.46%)

13:52
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Periodicals
T-Mobile, Sprint deal 'appears to have cleared' FCC vote, Bloomberg says »

Bloomberg headlines…

TMUS

T-Mobile

$79.88

0.125 (0.16%)

S

Sprint

$6.45

-0.03 (-0.46%)

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  • 22

    Oct

13:45
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General news
Breaking General news story  »

Beige Book to be released…

13:45
10/16/19
10/16
13:45
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General news
Breaking General news story  »

October Beige Book to be…

PNC

PNC Financial

$140.90

1.34 (0.96%)

13:45
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13:45
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13:45
Conference/Events
The Brookings Institution to hold a discussion on recession preparation »

Brookings hosts a…

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    Oct

IBM

IBM

$141.89

-1.09 (-0.76%)

, FB

Facebook

$188.69

-0.12 (-0.06%)

13:43
10/16/19
10/16
13:43
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13:43
Earnings
Fly Intel: What to watch in IBM's earnings report »

IBM (IBM) is scheduled to…

IBM

IBM

$141.89

-1.09 (-0.76%)

FB

Facebook

$188.69

-0.12 (-0.06%)

V

Visa

$177.59

-1.21 (-0.68%)

PYPL

PayPal

$102.54

-1 (-0.97%)

EBAY

eBay

$38.92

0.04 (0.10%)

MA

MasterCard

$277.70

-0.94 (-0.34%)

BKNG

Booking Holdings

$2,025.61

7.98 (0.40%)

MSFT

Microsoft

$139.94

-1.62 (-1.14%)

GOOG

Alphabet

$1,243.61

0.08 (0.01%)

GOOGL

Alphabet Class A

$1,243.00

0.49 (0.04%)

INTC

Intel

$52.14

-0.505 (-0.96%)

BABA

Alibaba

$176.05

0.74 (0.42%)

SFTBF

SoftBank

$0.00

(0.00%)

BIDU

Baidu

$108.33

1.115 (1.04%)

SCMWY

Swisscom

$0.00

(0.00%)

TCEHY

Tencent

$0.00

(0.00%)

03/08/13
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  • 16

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  • 21

    Nov

M

Macy's

$15.77

0.07 (0.45%)

13:35
10/16/19
10/16
13:35
10/16/19
13:35
Options
Macy's put volume heavy and directionally bearish »

Bearish flow noted in…

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  • 21

    Nov

FB

Facebook

$188.59

-0.22 (-0.12%)

13:32
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10/16
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13:32
Hot Stocks
Facebook unveils ReAgent to help build models that make and rely on decisions »

Jason Gauci, Honglei Liu,…

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  • 23

    Oct

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    Oct

PINS

Pinterest

$25.70

0.1 (0.39%)

13:27
10/16/19
10/16
13:27
10/16/19
13:27
Upgrade
Pivotal upgrades Pinterest to Buy after 30% pullback from highs »

Pivotal Research analyst…

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  • 16

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ALGN

Align Technology

$211.62

2.32 (1.11%)

13:25
10/16/19
10/16
13:25
10/16/19
13:25
Options
Align Technology call volume above normal and directionally bullish »

Bullish option flow…

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  • 23

    Oct

13:25
10/16/19
10/16
13:25
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13:25
Conference/Events
Stephens food/agribusiness analyst to hold analyst/industry conference call »

Analysts, along with…

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