LB - Shares of L Brands Inc. (LB) Have Risen Above Previous 52-Week High
Shares of L Brands Inc. (NYSE:LB) traded today at $67.27, eclipsing its 52-week high. Approximately 1 million shares have changed hands today, as compared to an average 30-day volume of 3.8 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 still plans to break Bath & Body Works into a stand-alone business, which we expect to be executed by August 2021.
L Brands Inc. share prices have moved between a 52-week high of $67.27 and a 52-week low of $8.80 and are now trading 651% above that low price at $66.09 per share.
Based on a current price of $66.09, L Brands Inc. is currently 1.3% above its average consensus analyst price target of $65.26.
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