Bath & Body Works (NYSE:BBWI) Releases Q4 Earnings Guidance

Bath & Body Works (NYSE:BBWI) issued an update on its fourth quarter earnings guidance on Monday morning. The company provided earnings per share guidance of $1.94-2.07 for the period, compared to the consensus earnings per share estimate of $1.97. The company issued revenue guidance of (6.5%)-(4.5%) to ~$2.72-2.78 billion, compared to the consensus revenue estimate of $2.74 billion. Bath & Body Works also updated its Q4 2024 guidance to 1.940-2.070 EPS.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Morgan Stanley cut their target price on Bath & Body Works from $51.00 to $48.00 and set an “overweight” rating for the company in a research note on Thursday, November 21st. The Goldman Sachs Group dropped their target price on Bath & Body Works from $60.00 to $49.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Bank of America reduced their target price on shares of Bath & Body Works from $54.00 to $45.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. JPMorgan Chase & Co. raised their price target on shares of Bath & Body Works from $35.00 to $39.00 and gave the company a “neutral” rating in a research note on Tuesday. Finally, UBS Group reduced their price objective on shares of Bath & Body Works from $52.00 to $38.00 and set a “neutral” rating on the stock in a research note on Thursday, August 29th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $41.88.

Bath & Body Works Stock Performance

Shares of BBWI opened at $35.92 on Thursday. The firm has a market cap of $7.87 billion, a PE ratio of 8.76, a price-to-earnings-growth ratio of 1.14 and a beta of 1.79. Bath & Body Works has a 52-week low of $26.20 and a 52-week high of $52.99. The business’s 50 day moving average price is $30.81 and its two-hundred day moving average price is $35.65.

Bath & Body Works (NYSE:BBWI) last released its earnings results on Wednesday, August 28th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.02. The company had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.54 billion. Bath & Body Works had a net margin of 12.43% and a negative return on equity of 44.03%. Research analysts predict that Bath & Body Works will post 3.18 EPS for the current fiscal year.

Bath & Body Works Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be given a dividend of $0.20 per share. The ex-dividend date is Friday, November 22nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.23%. Bath & Body Works’s dividend payout ratio (DPR) is presently 19.51%.

Insider Activity

In other news, CEO Gina Boswell bought 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 9th. The shares were bought at an average cost of $29.64 per share, for a total transaction of $177,840.00. Following the acquisition, the chief executive officer now directly owns 242,987 shares in the company, valued at approximately $7,202,134.68. This trade represents a 2.53 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.27% of the stock is currently owned by company insiders.

About Bath & Body Works

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.