In yesterday’s Wall Street session, Bath & Body Works Inc (NYSE:BBWI) shares traded at $28.84, down -2.44% from the previous session.
20 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 $27.00, we find $47.50. Given the previous closing price of $29.56, this indicates a potential upside of 60.69 percent. BBWI stock price is now -16.25% away from the 50-day moving average and -23.29% away from the 200-day moving average. The market capitalization of the company currently stands at $6.56B.
The stock has received a hold rating from 6 analysts and a buy rating from 10. Brokers who have rated the stock have averaged $46.56 as their price target over the next twelve months.
With the price target reduced from $41 to $27, JP Morgan 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 $2.63 million. Insiders disposed of 101,174 shares of company stock worth roughly $2.92 million over the past 1 year. A total of 0.68% 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 $21,630,000. BRIDGER MANAGEMENT, LLC invested $10,731,000 in shares of BBWI during the first quarter. In the first quarter, ARTEMIS INVESTMENT MANAGEMENT LLP acquired a new stake in Bath & Body Works Inc valued at approximately $5,542,000. MARSHALL WACE, LLP acquired a new stake in BBWI for approximately $5,249,000. M&G INVESTMENT MANAGEMENT LTD purchased a new stake in BBWI valued at around $5,030,000 in the second quarter. In total, there are 734 active investors with 95.97% ownership of the company’s stock.
On Tuesday morning Bath & Body Works Inc (NYSE: BBWI) stock kicked off with the opening price of $28.90. During the past 12 months, Bath & Body Works Inc has had a low of $29.51 and a high of $49.55. According to the stock market information, the enterprise value for the company is $11.66B, which is based on a 9.40 price-to-earnings ratio, a 1.34 price-to-earnings-growth ratio, and a beta of 1.86. The fifty day moving average price for BBWI is $34.26 and a two-hundred day moving average price translates $37.51 for the stock.
The latest earnings results from Bath & Body Works Inc (NYSE: BBWI) was released for Jul, 2023. The company reported revenue of $1.56 billion for the quarter, compared to $1.62 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -3.65 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 $0.81 dividend and a 2.80% 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 23.30%.
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.
