Stocks of Bath & Body Works Inc. (NYSE:BBWI) traded higher last session on Wall Street, down -1.49% to $35.61.
According to the data, Bath & Body Works Inc. (NYSE:BBWI) has 20 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $68.00 and a low of $37.00, we find $47.50. Given the previous closing price of $36.15, this indicates a potential upside of 31.4 percent. BBWI stock price is now -3.90% away from the 50-day moving average and -7.31% away from the 200-day moving average. The market capitalization of the company currently stands at $8.27B.
A total of 8 analysts have issued a hold rating and 10 have given it a buy rating. Brokers who have rated the stock have averaged $47.06 as their price target over the next twelve months.
With the price target reduced from $48 to $37, Piper Sandler Downgraded its rating from Neutral to Underweight for Bath & Body Works Inc. (NYSE: BBWI).
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 $3.24 million. Insiders disposed of 85,996 shares of company stock worth roughly $3.06 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 DAVIDSON KEMPNER PARTNERS during the first quarter worth $85,147,000. ALUA CAPITAL MANAGEMENT LP invested $27,516,000 in shares of BBWI during the first quarter. In the first quarter, SCOPUS ASSET MANAGEMENT, L.P. acquired a new stake in Bath & Body Works Inc. valued at approximately $22,256,000. NOMURA HOLDINGS INC acquired a new stake in BBWI for approximately $7,437,000. KEHRS RIDGE CAPITAL,LLC purchased a new stake in BBWI valued at around $5,342,000 in the second quarter. In total, there are 762 active investors with 96.60% ownership of the company’s stock.
Tuesday’s opening bell rang with an opening price of $36.03 for Bath & Body Works Inc. (NYSE: BBWI). During the past 12 months, Bath & Body Works Inc. has had a low of $28.05 and a high of $49.55. According to the stock market information, the enterprise value for the company is $13.08B, which is based on a 11.35 price-to-earnings ratio, a 1.48 price-to-earnings-growth ratio, and a beta of 1.73. The fifty day moving average price for BBWI is $37.10 and a two-hundred day moving average price translates $38.42 for the stock.
The latest earnings results from Bath & Body Works Inc. (NYSE: BBWI) was released for Apr, 2023. According to the Specialty Retail Company, earnings per share came in at $0.33, beating analysts’ expectations of $0.26 by 0.07. This compares to $0.64 EPS in the same period last year. The net profit margin was 9.70% and return on equity was -30.10% for BBWI. The company reported revenue of $1.4 billion for the quarter, compared to $1.45 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -3.72 percent. For the current quarter, analysts expect BBWI to generate $1.57B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/16/2023. Investors who held shares on 06/02/2023 were paid a $0.20 dividend. On an annualized basis, this represents a $0.80 dividend and a 2.25% percent yield. There was an ex-dividend date of 06/01/2023 for this dividend. In terms of dividend payout ratio, BBWI is presently at 18.90%.
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. 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. 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.
