L Brands, Inc. LB was a big mover last session, as the company saw its shares rise 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $41.28 to $44.71 in the past one-month time frame.
The move came after the company announced its sales results for October and raised its third-quarter earnings guidance.
The company has seen a mixed track record when it comes to estimate revisions of one increase and one decrease over the past few weeks, while the Zacks Consensus Estimate for the current quarterremained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
L Brands currently has a Zacks Rank #4 (Sell) while its Earnings ESP is positive.
A better-ranked stock in the Retail – Apparel and Shoes industry is Next PLC NXGPY, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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