Shares of L Brands Inc. (NYSE:LB) traded at a new 52-week high today of $74.61. So far today approximately 621,000 shares have been exchanged, as compared to an average 30-day volume of 4.3 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 2020. Distribution channels include more than 2,600 stores and online, which represented about 35% of total sales in 2020. The company plans to spin off the Victoria’s Secret brand into a separate public company by August 2021.
L Brands Inc. (NYSE:LB) defies analysts with a current price ($73.22) 41.4% above its average consensus price target of $42.91.
In the past 52 weeks, shares of L Brands Inc. have traded between a low of $14.86 and a high of $74.61 and is now at $73.22, which is 393% above that low price.
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