The price of Bath & Body Works Inc. (NYSE:BBWI) shares last traded on Wall Street fell -2.08% to $37.25.
Based on available information, 20 analysts follow Bath & Body Works Inc. (NYSE:BBWI). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $76.00 and a low of $35.00, we find $48.00. Given the previous closing price of $38.04, this indicates a potential upside of 26.18 percent. BBWI stock price is now -10.16% away from the 50-day moving average and -1.02% away from the 200-day moving average. The market capitalization of the company currently stands at $8.22B.
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Among analysts, 8 rate the stock a hold while 10 rate it a buy. Brokers who have rated the stock have averaged $49.79 as their price target over the next twelve months.
, while ‘Citigroup’ rates the stock as ‘Neutral’.
In other news, Arlin Wendy C., EVP and CFO sold 1,625 shares of the company’s stock on Mar 28. The stock was sold for $62,222 at an average price of $38.29. Upon completion of the transaction, the EVP and CFO now directly owns 91,072 shares in the company, valued at $3.39 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 27, Chief Supply Chain Officer Mazurek Thomas E. sold 16,338 shares of the business’s stock. A total of $690,315 was realized by selling the stock at an average price of $42.25. This leaves the insider owning 11,225 shares of the company worth $0.42 million. Insiders disposed of 157,309 shares of company stock worth roughly $5.86 million over the past 1 year. A total of 0.20% 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 JUNTO CAPITAL MANAGEMENT LP during the first quarter worth $28,965,000. LOS ANGELES CAPITAL MANAGEMENT LLC invested $25,184,000 in shares of BBWI during the first quarter. In the first quarter, FOREST AVENUE CAPITAL MANAGEMENT LP acquired a new stake in Bath & Body Works Inc. valued at approximately $9,381,000. LAZARD ASSET MANAGEMENT LLC acquired a new stake in BBWI for approximately $7,706,000. CARTENNA CAPITAL, LP purchased a new stake in BBWI valued at around $6,657,000 in the second quarter. In total, there are 735 active investors with 96.60% ownership of the company’s stock.
A candlestick chart of Bath & Body Works Inc. (NYSE: BBWI) showed a price of $37.35 on Wednesday morning. During the past 12 months, Bath & Body Works Inc. has had a low of $25.75 and a high of $58.17. The fifty day moving average price for BBWI is $41.46 and a two-hundred day moving average price translates $37.63 for the stock.
The latest earnings results from Bath & Body Works Inc. (NYSE: BBWI) was released for Oct, 2022. According to the Specialty Retail Company, earnings per share came in at $0.4, beating analysts’ expectations of $0.2 by 0.2. This compares to $0.01 EPS in the same period last year. The net profit margin was 10.60% and return on equity was -31.60% for BBWI. The company reported revenue of $2.89 billion for the quarter, compared to $3.03 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -4.6 percent. For the current quarter, analysts expect BBWI to generate $2.8B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 03/03/2023. Investors who held shares on 02/17/2023 were paid a $0.20 dividend. On an annualized basis, this represents a $0.80 dividend and a 2.15% percent yield. There was an ex-dividend date of 02/16/2023 for this dividend. In terms of dividend payout ratio, BBWI is presently at 23.10%.
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.
