LB - L Brands Inc.: The Winning Streak Continues (LB)
L Brands Inc. (NYSE:LB) traded at a new 52-week high today of $78.67. So far today approximately 404,000 shares have been exchanged, as compared to an average 30-day volume of 4.7 million shares.
Based on a current price of $76.90, L Brands Inc. is currently 39.9% above its average consensus analyst price target of $46.19.
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.
Over the past year, L Brands Inc. has traded in a range of $18.85 to $78.67 and is now at $76.90, 308% above that low.
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