L Brands Inc. Undressed Despite Stellar Q4 Report And Moves To Enhance Shareholder Value

L Brands Inc.

shares are trading lower by $6.07 at $89.10 in Thursdays' session. Instead of focusing on its Q3 EPS beat of $0.03 with inline revenues, comps up 7 percent, raised Q4 guidance, raised FY 2016 outlook, raised dividend, special dividend and share buyback, the Street is focusing on same store sales that fell 2 percent. After a lower open, it rallied but found resistance ahead of the lower end of Wednesday's range ($93.53), only reaching $93 before continuing lower. The issue has continued to move new lows for the day, with the current low standing at $88.95. If the decline continues, there may be some support at its January 20 low of $88.66.