In yesterday’s Wall Street session, Bath & Body Works Inc (NYSE:BBWI) shares traded at $36.99, up 4.94% from the previous session.
As of this writing, 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 $61.00 and a low of $30.00, we find $38.50. Given the previous closing price of $35.25, this indicates a potential upside of 9.22 percent. BBWI stock price is now 18.41% away from the 50-day moving average and 4.39% away from the 200-day moving average. The market capitalization of the company currently stands at $8.36B.
There are 7 analysts who have given it a hold rating, whereas 9 have given it a buy rating. Brokers who have rated the stock have averaged $40.44 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 $3.37 million. Insiders disposed of 101,174 shares of company stock worth roughly $3.74 million over the past 1 year. A total of 0.63% of the company’s stock is owned by insiders.
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 $13.65B, which is based on a 11.58 price-to-earnings ratio, a 2.75 price-to-earnings-growth ratio, and a beta of 1.79. The fifty day moving average price for BBWI is $31.24 and a two-hundred day moving average price translates $35.43 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 $2.82B in revenue.
