L Brands Inc.: 52-Week High Recently Eclipsed (LB)

March 1, 2021 13:41:25

Shares of L Brands Inc. (NYSE:LB) traded today at $57.56, eclipsing its 52-week high. This new high was reached on below average trading volume as 2.3 million shares traded hands, while the average 30-day volume is approximately 5 million shares.

L Brands is a women’s intimate, personal-care, and beauty retailer operating under the Victoria’s Secret, Pink, and Bath & Body Works brands. The company generates the majority of its business in North America, with about 5% of sales coming from international markets in fiscal 2019. Distribution channels include more than 2,600 stores and online, which represented about 20% of total sales in 2019. The company still plans to break Bath & Body Works into a stand-alone business, which we expect to be executed in 2021.

In the past 52 weeks, shares of L Brands Inc. have traded between a low of $8.00 and a high of $57.56 and is now at $56.65, which is 608% above that low price.

L Brands Inc. (NYSE:LB) defies analysts with a current price ($56.65) 3.7% above its average consensus price target of $54.58.

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