Shares of Bath & Body Works, Inc. (NYSE:BBWI – Get 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
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:BBWI – Get 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
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.
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