Shares of Bath & Body Works, Inc. (NYSE:BBWI – Get Free Report) 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.
Check Out Our Latest Report on BBWI
Institutional Inflows and Outflows
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 – Get Free Report) 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.
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