In yesterday’s Wall Street session, Bath & Body Works Inc. (NYSE:BBWI) shares traded at $37.08, up 3.46% from the previous session.
19 analysts cover Bath & Body Works Inc. (NYSE:BBWI), according to research data. 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 $35.84, this indicates a potential upside of 33.93 percent. BBWI stock price is now 0.36% away from the 50-day moving average and -4.62% away from the 200-day moving average. The market capitalization of the company currently stands at $8.43B.
The stock has received a hold rating from 7 analysts and a buy rating from 9. Brokers who have rated the stock have averaged $47.00 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 $3.38 million. Insiders disposed of 82,661 shares of company stock worth roughly $3.07 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 CANDLESTICK CAPITAL MANAGEMENT LP during the first quarter worth $27,810,000. BRIDGER MANAGEMENT, LLC invested $13,797,000 in shares of BBWI during the first quarter. In the first quarter, MARSHALL WACE, LLP acquired a new stake in Bath & Body Works Inc. valued at approximately $6,748,000. M&G INVESTMENT MANAGEMENT LTD acquired a new stake in BBWI for approximately $6,467,000. KEHRS RIDGE CAPITAL,LLC purchased a new stake in BBWI valued at around $5,562,000 in the second quarter. In total, there are 734 active investors with 96.60% ownership of the company’s stock.
On Tuesday morning Bath & Body Works Inc. (NYSE: BBWI) stock kicked off with the opening price of $36.06. 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 $13.31B, which is based on a 12.15 price-to-earnings ratio, a 1.73 price-to-earnings-growth ratio, and a beta of 1.75. The fifty day moving average price for BBWI is $36.91 and a two-hundred day moving average price translates $38.91 for the stock.
The latest earnings results from Bath & Body Works Inc. (NYSE: BBWI) was released for Jul, 2023. According to the Specialty Retail Company, earnings per share came in at $0.4, beating analysts’ expectations of $0.33 by 0.07. This compares to $0.64 EPS in the same period last year. The net profit margin was 10.70% and return on equity was -33.20% 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 $1.56B in revenue.
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 2.16% 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 23.10%.
