Limited Brands (LTD) Nears 52 week high

As Limited Brands, Inc. (Public, NYSE:LTD) nears a 52 week high, I'm wondering how high it can go. Check out this business week article about the quiet turnaround at Limited Brands:

Many retailers are still struggling with soft consumer spending, even as signs of an economic recovery emerge. But one specialty retailer, Limited Brands (LTD), which operates about 3,000 stores for women's apparel, lingerie, and personal care and beauty products, is displaying signs of a turnaround, note several analysts.

The stock raced to 14.75 on Sept. 1 from a 52-week low of 5.98 on Mar. 6, 2008. But it's still well below an all-time high of 32.60 in 2006 and a 52-week high of 22.16 on Sept. 8, 2008. "The [current] turnaround at Limited isn't yet being priced in," says Howard Tubi, retailing analyst at RBC Capital Markets, who rates the stock outperform.

The turnaround is showing up at Limited's two principal units, Victoria's Secret, which sells intimate apparel

read more