Hersch Dennis S. is Buying L Brands Inc. (NYSE:LB) Shares
In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), L Brands Inc. (NYSE:LB) reported that Hersch Dennis S. has picked up 19,199,710 of common stock as of 2017-04-17.
The acquisition brings the aggregate amount owned by Hersch Dennis S. to a total of 19,199,710 representing a 6.7% stake in the company.
For those not familiar with the company, L Brands, Inc. operates specialty retail business. The Company is focused on women’s intimate and other apparel, personal care, beauty and home fragrance categories. Its segments include Victoria’s Secret, Bath & Body Works, and Victoria’s Secret and Bath & Body Works International. It sells its merchandise through company-owned specialty retail stores in the United States, Canada, the United Kingdom and Greater China, which are mall-based; through Websites, and through international franchise, license and wholesale partners. It operates in the retail brands, which include Victoria’s Secret, PINK, Bath & Body Works and La Senza. La Senza is a specialty retailer of women’s intimate apparel. It sells its La Senza products at over 120 La Senza stores in Canada. Henri Bendel sells handbags, jewelry and other accessory products through New York and 28 other stores. Mast Global is a merchandise sourcing and production function serving the Company and its international partners.
A glance at L Brands Inc. (NYSE:LB)’s key stats reveals a current market capitalization of 13.52 Billion based on 284.81 Million shares outstanding and a price at last close of $47.82 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-06-24, Tessler picked up 3,500 at a purchase price of $67.92. This brings their total holding to 3,500 as of the date of the filing.
On the sell side, the most recent transaction saw Mcguigan unload 23,687 shares at a sale price of $76.37. This brings their total holding to 29,735.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on L Brands Inc. (NYSE:LB) as things move forward to see if its progress aligns with these transactions.
Subscribe below and we’ll keep you on top of what’s happening before it moves markets.
Guess Who Picked Up Christopher & Banks Corp (NYSE:CBK) Shares
In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Christopher & Banks Corp (NYSE:CBK) reported that Macellum Retail Opportunity Fund, Lp. has picked up 4,189,957 of common stock as of 2017-03-30.
The acquisition brings the aggregate amount owned by Macellum Retail Opportunity Fund, Lp. to a total of 4,189,957 representing a 11.1% stake in the company.
For those not familiar with the company, Christopher & Banks Corporation is a national specialty retailer featuring private-brand women’s apparel and accessories. The Company offers its customers an assortment of clothing for everyday needs. Its merchandise assortments include designs of women’s apparel, generally consisting of casual clothing, everyday basics, wear-to-work, leisure/active wear, and sleepwear in missy, petite and women sizes. The Company also offers a selection of jewelry and accessories, including footwear. The Company operates in the Retail Operations segment, which includes the operation of its retail stores, outlet stores, online and mobile. The Retail Operations segment includes activities generated by the Company’s retail store locations (Missy Petite Women (MPW), Outlet stores, Christopher & Banks (CB), and C.J. Banks (CJ)), as well as the e-commerce business. Its merchandise is developed for women of all sizes, age 40 and older.
A glance at Christopher & Banks Corp (NYSE:CBK)’s key stats reveals a current market capitalization of 57.98 Million based on 37.62 Million shares outstanding and a price at last close of $1.50 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2017-03-29, Duskin picked up 74,294 at a purchase price of $1.47. This brings their total holding to 4,189,957 as of the date of the filing.
On the sell side, the most recent transaction saw Levin unload 6,020 shares at a sale price of $10.59. This brings their total holding to 52,320.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Christopher & Banks Corp (NYSE:CBK) as things move forward to see if its progress aligns with these transactions.
Subscribe below and we’ll keep you on top of what’s happening before it moves markets.