Bath & Body Works, Inc. (NYSE:BBWI) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Bath & Body Works, Inc. (NYSE:BBWIGet Free Report) have been assigned a consensus rating of “Moderate Buy” from the sixteen research firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $42.50.

A number of equities research analysts recently weighed in on the stock. TD Cowen lifted their price objective on shares of Bath & Body Works from $42.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Piper Sandler raised their price objective on shares of Bath & Body Works from $35.00 to $36.00 and gave the company a “neutral” rating in a research note on Tuesday, November 26th. The Goldman Sachs Group dropped their target price on Bath & Body Works from $60.00 to $49.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Robert W. Baird cut their target price on Bath & Body Works from $54.00 to $45.00 and set an “outperform” rating for the company in a research report on Thursday, August 29th. Finally, JPMorgan Chase & Co. lifted their price target on Bath & Body Works from $35.00 to $39.00 and gave the company a “neutral” rating in a research report on Tuesday, November 26th.

Check Out Our Latest Stock Analysis on Bath & Body Works

Insider Activity at Bath & Body Works

In related news, CEO Gina Boswell purchased 6,000 shares of the stock in a transaction on Wednesday, October 9th. The shares were bought at an average price of $29.64 per share, for a total transaction of $177,840.00. Following the completion of the acquisition, the chief executive officer now directly owns 242,987 shares in the company, valued at approximately $7,202,134.68. This trade represents a 2.53 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.27% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. TD Private Client Wealth LLC raised its stake in Bath & Body Works by 24.2% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,697 shares of the company’s stock valued at $54,000 after purchasing an additional 331 shares during the last quarter. Citizens & Northern Corp lifted its stake in shares of Bath & Body Works by 1.7% in the second quarter. Citizens & Northern Corp now owns 29,465 shares of the company’s stock valued at $1,151,000 after buying an additional 487 shares during the period. Blue Trust Inc. grew its position in Bath & Body Works by 23.4% during the second quarter. Blue Trust Inc. now owns 2,767 shares of the company’s stock worth $108,000 after buying an additional 524 shares in the last quarter. GAMMA Investing LLC increased its stake in Bath & Body Works by 34.4% during the third quarter. GAMMA Investing LLC now owns 2,481 shares of the company’s stock valued at $79,000 after acquiring an additional 635 shares during the period. Finally, Horizon Bancorp Inc. IN raised its holdings in Bath & Body Works by 19.6% in the 2nd quarter. Horizon Bancorp Inc. IN now owns 4,232 shares of the company’s stock valued at $165,000 after acquiring an additional 695 shares in the last quarter. Institutional investors own 95.14% of the company’s stock.

Bath & Body Works Trading Down 0.5 %

Shares of NYSE:BBWI opened at $38.48 on Thursday. The firm’s 50 day moving average is $33.12 and its two-hundred day moving average is $34.44. The firm has a market capitalization of $8.33 billion, a P/E ratio of 9.39, a PEG ratio of 1.44 and a beta of 1.83. Bath & Body Works has a 52 week low of $26.20 and a 52 week high of $52.99.

Bath & Body Works (NYSE:BBWIGet Free Report) last posted its earnings results on Monday, November 25th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.46 by $0.03. The firm had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Bath & Body Works had a negative return on equity of 44.03% and a net margin of 12.43%. During the same period last year, the firm earned $0.48 EPS. The firm’s revenue was up 3.1% compared to the same quarter last year. Analysts predict that Bath & Body Works will post 3.26 EPS for the current year.

Bath & Body Works Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 22nd were paid a dividend of $0.20 per share. The ex-dividend date was Friday, November 22nd. This represents a $0.80 annualized dividend and a dividend yield of 2.08%. Bath & Body Works’s dividend payout ratio (DPR) is 19.51%.

About Bath & Body Works

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Bath & Body Works, Inc operates a specialty retailer of home fragrance, body care, and soaps and sanitizer products. It sells its products under the Bath & Body Works, White Barn, and other brand names through retail stores and e-commerce sites located in the United States and Canada, as well as through international stores operated by partners under franchise, license, and wholesale arrangements.

Further Reading

Analyst Recommendations for Bath & Body Works (NYSE:BBWI)

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