A Technical Strategy for L Brands Inc. (LB), Slack Technologies Inc. (WORK)

You should consider shares of L Brands Inc. (NYSE:LB) and Slack Technologies Inc. (NYSE:WORK) if you are looking for a great stocks to invest in. Starting with the LB shares, which traded at $17.33 at the close of the recent session, dropping -4.57%. On Tuesday, the company’s shares shed -$0.83 from its value which represented in intraday trading. The stock is now -47.66% lower in year-to-date (YTD) trading. LB’s intraday high was $17.87 while its lowest price touched $17.30. The stock’s 52-week high price is $34.89, which means the current price is at -50.33%. In terms of trading activity, the daily trading volume rose to 7394965 against 200-day average trading volume of 5,642,969 shares.

What are analyst forecasts for L Brands Inc. (NYSE:LB)?

At a consensus rating of 3.05, LB is trending as a streaking Hold, as it has been the case a month ago when 19 analysts called it a Moderate Buy. Two months ago, 19 analysts recommended, on average, that LB stock is a Moderate Buy. The Services company’s shares’ overall bearish trend saw it close higher on Tuesday compared to its opening price of $17.78 on the day.

Forecasts for L Brands Inc. (NYSE:LB) give the stock a fair value for the growth from its last price.

L Brands Inc. (NYSE:LB) Upgrades and Downgrades

In terms of rating changes, Evercore ISI on November 22, 2019, Upgrade L Brands Inc. (LB) at In-line. Analysts at Telsey Advisory Group have assigned a Market Perform rating for the stock in their research note on November 22, 2019 with an estimated price target of $19. Moreover, Barclays analysts issued a rating of Underweight for the stock on November 13, 2019, giving it a price target of $16 for the next 12 months. On November 11, 2019, the stock earned a Hold rating due to an analyst call from Deutsche Bank, while analysts from Credit Suisse on October 18, 2019 suggested that the stock is Underperform.

Slack Technologies Inc. (NYSE:WORK) adds $0.06 on Tuesday

The WORK stock has tanked -41.56% year-to-date and is currently trading at $22.57, which is -46.26% below its 52-week high. The company shares gained 0.27% on the day and have risen nearly 15.57% off a low hit. At current levels, Slack Technologies Inc. has a valuation of about $507.40M. As of 12/03/19, this stock has risen 0.31% during the week and closed at $22.51 in the previous session. However, recent Slack Technologies Inc. stock performance shows that WORK shares are 2.87% up over the last month, and -27.36% down for the last three months.

But will the WORK stock surprise in the current quarter results, where the -$0.14 actual EPS reported on 7/30/2019 surprised by 22.20% or was higher by $0.04 from the estimated -$0.18.

Sales Growth to climb 39.20% for the year

How well will Slack Technologies Inc. perform as a business over the current quarter, year and next 5-year period? Compared to the year-ago quarter, analysts forecast the company to bring in between $154.3M and $162M in current quarter sales. The consensus estimated for the current quarter is $156.02M from sales. Forecasts for this fiscal year are between $605.3M and $619M and the consensus estimate for sales is at $608.98M.

Who owns shares in Slack Technologies Inc. (WORK)?

Let’s briefly focus on the share ownership of the Slack Technologies Inc. (NYSE:WORK) stock, where we find that 13.87% of shares are held by institutions. Price (T.Rowe) Associates Inc tops the list of institutional owners as it is holding 33.22 million shares or 12.79% of shares outstanding. Morgan Stanley and SB Investment Advisers (UK) LTD held 27.71 million and 17.46 million representing 10.67% and 6.72% respectively at the close of the last trading session. As of Sep 29, 2019, Capital Research Global Investors accounted for 12.74 million shares at over 302.22 million. This represented 4.91% of shares outstanding. Vanguard Group, Inc. (The) held 11.57 million shares at over 274.66 million representing 4.46% of shares outstanding.

WORK Insider Activity

On 8/12/2019, Chief Financial Officer by the name Shim Allen sold 31795.0 shares worth $974500.0 at the price of $30.65 per share. Filings also show that Shim Allen sold a total of 28510.0 shares on 8/01/2019 valued at $934600.0. Since the last insider activity, the company’s share price has dropped -29.66%.