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

Shares of Bath & Body Works, Inc. (NYSE:BBWI) have earned an average rating of “Hold” from the fourteen ratings firms that are currently covering the stock, MarketBeat reports. Eight investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $46.40.

A number of equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Bath & Body Works from $53.00 to $57.00 in a report on Monday, June 3rd. Citigroup reduced their price target on Bath & Body Works from $48.00 to $35.00 and set a “neutral” rating on the stock in a research report on Tuesday. Piper Sandler lowered their price objective on Bath & Body Works from $47.00 to $39.00 and set a “neutral” rating for the company in a research report on Thursday, July 11th. Telsey Advisory Group restated an “outperform” rating and set a $53.00 price target on shares of Bath & Body Works in a report on Wednesday. Finally, BMO Capital Markets boosted their price target on shares of Bath & Body Works from $50.00 to $55.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 5th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in BBWI. GAMMA Investing LLC acquired a new position in shares of Bath & Body Works during the fourth quarter worth approximately $27,000. First Community Trust NA bought a new position in shares of Bath & Body Works in the second quarter valued at $30,000. EverSource Wealth Advisors LLC grew its holdings in shares of Bath & Body Works by 72.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 805 shares of the company’s stock valued at $35,000 after buying an additional 337 shares during the last quarter. EntryPoint Capital LLC increased its position in shares of Bath & Body Works by 224.0% during the first quarter. EntryPoint Capital LLC now owns 1,471 shares of the company’s stock worth $74,000 after acquiring an additional 1,017 shares in the last quarter. Finally, Federated Hermes Inc. increased its position in shares of Bath & Body Works by 17.1% during the fourth quarter. Federated Hermes Inc. now owns 1,612 shares of the company’s stock worth $70,000 after acquiring an additional 235 shares in the last quarter. Institutional investors own 95.14% of the company’s stock.

Bath & Body Works Stock Down 1.6 %

Shares of BBWI opened at $34.04 on Friday. The stock has a market cap of $7.60 billion, a PE ratio of 8.77, a PEG ratio of 1.16 and a beta of 1.85. Bath & Body Works has a 12-month low of $27.30 and a 12-month high of $52.99. The business has a 50-day simple moving average of $36.52 and a two-hundred day simple moving average of $43.03.

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

Bath & Body Works Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 23rd will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date of this dividend is Friday, August 23rd. Bath & Body Works’s payout ratio is 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.