Bath & Body Works Inc. (NYSE:BBWI) shares traded -3.66% lower at $36.11 on Wall Street last session.
In accordance with the data, 20 analysts cover 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 $68.00 and a low of $37.00, we find $48.00. Given the previous closing price of $37.48, this indicates a potential upside of 28.07 percent. BBWI stock price is now -4.45% away from the 50-day moving average and -6.86% away from the 200-day moving average. The market capitalization of the company currently stands at $8.71B.
It has been rated a hold by 7 analysts and a buy by 10. Brokers who have rated the stock have averaged $47.72 as their price target over the next twelve months.
With the price target enhanced from $41 to $45, Barclays Upgraded its rating from Equal Weight to Overweight 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 $3.29 million. Insiders disposed of 85,996 shares of company stock worth roughly $3.11 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 $86,343,000. CANDLESTICK CAPITAL MANAGEMENT LP invested $27,083,000 in shares of BBWI during the first quarter. In the first quarter, BRIDGER MANAGEMENT, LLC acquired a new stake in Bath & Body Works Inc. valued at approximately $13,437,000. MARSHALL WACE, LLP acquired a new stake in BBWI for approximately $6,572,000. M&G INVESTMENT MANAGEMENT LTD purchased a new stake in BBWI valued at around $6,298,000 in the second quarter. In total, there are 734 active investors with 96.60% ownership of the company’s stock.
Bath & Body Works Inc. (NYSE: BBWI) opened at $37.55 on Thursday. During the past 12 months, Bath & Body Works Inc. has had a low of $30.52 and a high of $49.55. According to the stock market information, the enterprise value for the company is $13.51B, which is based on a 11.51 price-to-earnings ratio, a 1.50 price-to-earnings-growth ratio, and a beta of 1.73. The fifty day moving average price for BBWI is $37.71 and a two-hundred day moving average price translates $38.78 for the stock.
The latest earnings results from Bath & Body Works Inc. (NYSE: BBWI) was released for Apr, 2023. 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.
Moreover, the firm recently paid out its quarterly dividend on 09/01/2023. Investors who held shares on 08/18/2023 were paid a $0.20 dividend. On an annualized basis, this represents a $0.80 dividend and a 2.22% percent yield. There was an ex-dividend date of 08/17/2023 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.
