Bath & Body Works, Inc. (NYSE:BBWI) Receives Consensus Rating of “Hold” from Brokerages

Bath & Body Works, Inc. (NYSE:BBWI) has received a consensus rating of “Hold” from the fourteen brokerages that are covering the company, MarketBeat.com reports. Eight analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $47.60.

BBWI has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Bath & Body Works from $53.00 to $57.00 in a research report on Monday, June 3rd. BMO Capital Markets raised their price objective on shares of Bath & Body Works from $50.00 to $55.00 and gave the company an “outperform” rating in a research report on Wednesday, June 5th. Wells Fargo & Company cut their price objective on shares of Bath & Body Works from $48.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $53.00 price objective on shares of Bath & Body Works in a research report on Tuesday, June 4th. Finally, JPMorgan Chase & Co. raised shares of Bath & Body Works from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $40.00 to $53.00 in a research report on Friday, May 17th.

Institutional Investors Weigh In On Bath & Body Works

Several institutional investors and hedge funds have recently made changes to their positions in BBWI. Denali Advisors LLC acquired a new stake in shares of Bath & Body Works in the 4th quarter valued at $27,000. GAMMA Investing LLC acquired a new position in shares of Bath & Body Works during the 4th quarter worth about $27,000. First Community Trust NA acquired a new position in shares of Bath & Body Works during the 2nd quarter worth about $30,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Bath & Body Works during the 4th quarter worth about $35,000. Finally, EverSource Wealth Advisors LLC grew its position in shares of Bath & Body Works by 72.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 805 shares of the company’s stock worth $35,000 after buying an additional 337 shares during the period. Institutional investors and hedge funds own 95.14% of the company’s stock.

Bath & Body Works Price Performance

Shares of BBWI opened at $34.17 on Monday. The business’s 50-day moving average is $42.08 and its 200-day moving average is $44.30. Bath & Body Works has a fifty-two week low of $27.30 and a fifty-two week high of $52.99. The company has a market capitalization of $7.63 billion, a price-to-earnings ratio of 8.81, a P/E/G ratio of 1.13 and a beta of 1.85.

Bath & Body Works (NYSE:BBWI) last issued its quarterly earnings data on Tuesday, June 4th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.05. The firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.37 billion. Bath & Body Works had a net margin of 11.92% and a negative return on equity of 40.00%. The company’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter last year, the firm earned $0.33 earnings per share. Equities research analysts expect that Bath & Body Works will post 3.29 earnings per share for the current fiscal year.

Bath & Body Works Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Friday, June 7th were paid a dividend of $0.20 per share. The ex-dividend date was Friday, June 7th. This represents a $0.80 dividend on an annualized basis and a yield of 2.34%. Bath & Body Works’s dividend payout ratio is currently 20.62%.

Bath & Body Works 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.