L Brands Inc. (NYSE:LB) traded today at a new 52-week high of $57.56. Approximately 2 million shares have changed hands today, as compared to an average 30-day volume of 5 million shares.
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 $56.79, which is 610% above that low price.
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.
Based on a current price of $56.79, L Brands Inc. is currently 3.9% above its average consensus analyst price target of $54.58.
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