Bath & Body Works Inc (NYSE:BBWI) shares traded 3.14% higher at $32.50 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 $27.00, we find $47.50. Given the previous closing price of $31.51, this indicates a potential upside of 50.75 percent. BBWI stock price is now 0.37% away from the 50-day moving average and -10.66% away from the 200-day moving average. The market capitalization of the company currently stands at $7.39B.
It has been rated a hold by 7 analysts and a buy by 9. Brokers who have rated the stock have averaged $45.11 as their price target over the next twelve months.
With the price target reduced from $45 to $30, Jefferies Downgraded its rating from Buy to Hold 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 $2.96 million. Insiders disposed of 101,174 shares of company stock worth roughly $3.29 million over the past 1 year. A total of 0.63% of the company’s stock is owned by insiders.
Bath & Body Works Inc (NYSE: BBWI) opened at $32.20 on Wednesday. During the past 12 months, Bath & Body Works Inc has had a low of $27.30 and a high of $49.55. According to the stock market information, the enterprise value for the company is $12.49B, which is based on a 10.59 price-to-earnings ratio, a 1.50 price-to-earnings-growth ratio, and a beta of 1.83. The fifty day moving average price for BBWI is $32.28 and a two-hundred day moving average price translates $36.31 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 $0.52 EPS in the same period last year. 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. For the current quarter, analysts expect BBWI to generate $1.56B in revenue.
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.
