The price of Bath & Body Works Inc (NYSE:BBWI) shares last traded on Wall Street fell -2.46% to $29.36.
Based on available information, 20 analysts follow 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 $25.00, we find $40.00. Given the previous closing price of $30.10, this indicates a potential upside of 32.89 percent. BBWI stock price is now -8.66% away from the 50-day moving average and -18.94% away from the 200-day moving average. The market capitalization of the company currently stands at $6.68B.
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Among analysts, 7 rate the stock a hold while 9 rate it a buy. Brokers who have rated the stock have averaged $41.28 as their price target over the next twelve months.
With the price target reduced from $52 to $42, Telsey Advisory Group maintained Outperform rating 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 $2.67 million. Insiders disposed of 101,174 shares of company stock worth roughly $2.97 million over the past 1 year. A total of 0.63% of the company’s stock is owned by insiders.
A candlestick chart of Bath & Body Works Inc (NYSE: BBWI) showed a price of $30.48 on Friday morning. 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 $11.97B, which is based on a 9.19 price-to-earnings ratio, a 1.30 price-to-earnings-growth ratio, and a beta of 1.81. The fifty day moving average price for BBWI is $32.00 and a two-hundred day moving average price translates $36.13 for the stock.
The latest earnings results from Bath & Body Works Inc (NYSE: BBWI) was released for Oct, 2023. According to the Specialty Retail Company, earnings per share came in at $0.48, beating analysts’ expectations of $0.35 by 0.13. This compares to $0.40 EPS in the same period last year. The company reported revenue of $1.56 billion for the quarter, compared to $1.6 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -2.62 percent. For the current quarter, analysts expect BBWI to generate $2.85B in revenue.
