The price of Bath & Body Works Inc. (NYSE:BBWI) shares last traded on Wall Street fell -1.90% to $38.23.
Based on available information, 21 analysts follow Bath & Body Works Inc. (NYSE:BBWI). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $76.00 and a low of $39.00, we find $48.00. Given the previous closing price of $38.97, this indicates a potential upside of 23.17 percent. BBWI stock price is now 10.26% away from the 50-day moving average and -6.33% away from the 200-day moving average. The market capitalization of the company currently stands at $8.90B.
Among analysts, 4 rate the stock a hold while 15 rate it a buy. Brokers who have rated the stock have averaged $49.58 as their price target over the next twelve months.
With the price target enhanced from $40 to $52, Telsey Advisory Group maintained Outperform rating for Bath & Body Works Inc. (NYSE: BBWI). On July 13, 2022, Raymond James recently initiated its ‘Strong Buy’ rating on the stock quoting a target price of $45, while ‘Evercore ISI’ rates the stock as ‘In-line’.
In other news, Mazurek Thomas E., Chief Supply Chain Officer sold 16,338 shares of the company’s stock on May 27. The stock was sold for $690,315 at an average price of $42.25. Upon completion of the transaction, the Chief Supply Chain Officer now directly owns 11,225 shares in the company, valued at $0.43 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 19, EVP and CFO Arlin Wendy C. sold 6,000 shares of the business’s stock. A total of $330,000 was realized by selling the stock at an average price of $55.00. This leaves the insider owning 98,888 shares of the company worth $3.78 million. Insiders disposed of 213,040 shares of company stock worth roughly $8.14 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in BBWI stock. A new stake in Bath & Body Works Inc. shares was purchased by THIRD POINT LLC during the first quarter worth $311,001,000. T. ROWE PRICE INVESTMENT MANAGEMENT, INC. invested $308,620,000 in shares of BBWI during the first quarter. In the first quarter, BALYASNY ASSET MANAGEMENT LLC acquired a new stake in Bath & Body Works Inc. valued at approximately $110,425,000. ATREIDES MANAGEMENT, LP acquired a new stake in BBWI for approximately $87,649,000. HAWK RIDGE CAPITAL MANAGEMENT LP purchased a new stake in BBWI valued at around $68,153,000 in the second quarter. In total, there are 717 active investors with 96.70% ownership of the company’s stock.
A candlestick chart of Bath & Body Works Inc. (NYSE: BBWI) showed a price of $39.50 on Friday morning. During the past 12 months, Bath & Body Works Inc. has had a low of $25.75 and a high of $82.00. The fifty day moving average price for BBWI is $34.64 and a two-hundred day moving average price translates $40.73 for the stock.
The latest earnings results from Bath & Body Works Inc. (NYSE: BBWI) was released for Jul, 2022. According to the Specialty Retail Company, earnings per share came in at $0.52, beating analysts’ expectations of $0.47 by 0.05. This compares to -$0.33 EPS in the same period last year. The company reported revenue of $1.6 billion for the quarter, compared to $1.68 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -4.55 percent. For the current quarter, analysts expect BBWI to generate $1.54B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/02/2022. Investors who held shares on 11/18/2022 were paid a $0.20 dividend. On an annualized basis, this represents a $0.80 dividend and a 2.09% percent yield. There was an ex-dividend date of 11/17/2022 for this dividend.
Bath & Body Works Inc.(BBWI) Company Profile
Bath & Body Works, Inc. operates a specialty retailer of home fragrance, body care, and soaps and sanitizer products. The company sells its products under the Bath & Body Works, White Barn, and other brand names through specialty retail stores and websites located in the United States and Canada, as well as through international stores operated by partners under franchise, license, and wholesale arrangements. As of January 29, 2022, it operated 1,755 company-operated retail stores and 338 international partner-operated stores. The company was formerly known as L Brands, Inc. and changed its name to Bath & Body Works, Inc. in August 2021. Bath & Body Works, Inc. was founded in 1963 and is headquartered in Columbus, Ohio.