Bath & Body Works, Inc. (NYSE:BBWI) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Bath & Body Works, Inc. (NYSE:BBWIGet Free Report) have received a consensus rating of “Moderate Buy” from the seventeen analysts that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and ten have given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $43.06.

Several equities research analysts recently commented on BBWI shares. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Bath & Body Works from $51.00 to $52.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Piper Sandler upped their price objective on Bath & Body Works from $36.00 to $39.00 and gave the stock a “neutral” rating in a research report on Monday, January 6th. TD Cowen lifted their target price on Bath & Body Works from $42.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Morgan Stanley reduced their price target on Bath & Body Works from $51.00 to $48.00 and set an “overweight” rating for the company in a research report on Thursday, November 21st. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Bath & Body Works from $35.00 to $39.00 and gave the company a “neutral” rating in a report on Tuesday, November 26th.

Get Our Latest Research Report on BBWI

Hedge Funds Weigh In On Bath & Body Works

Several institutional investors and hedge funds have recently modified their holdings of the stock. True Wealth Design LLC boosted its holdings in shares of Bath & Body Works by 5,270.0% during the 3rd quarter. True Wealth Design LLC now owns 1,074 shares of the company’s stock worth $34,000 after buying an additional 1,054 shares during the period. UMB Bank n.a. boosted its holdings in shares of Bath & Body Works by 58.8% during the fourth quarter. UMB Bank n.a. now owns 905 shares of the company’s stock worth $35,000 after acquiring an additional 335 shares during the period. Livforsakringsbolaget Skandia Omsesidigt grew its position in shares of Bath & Body Works by 300.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,200 shares of the company’s stock valued at $38,000 after purchasing an additional 900 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Bath & Body Works during the 3rd quarter worth approximately $39,000. Finally, TD Private Client Wealth LLC boosted its stake in Bath & Body Works by 24.2% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,697 shares of the company’s stock valued at $54,000 after purchasing an additional 331 shares during the period. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Bath & Body Works Stock Performance

Shares of NYSE:BBWI opened at $36.78 on Monday. The company has a 50 day moving average price of $36.30 and a two-hundred day moving average price of $33.62. The company has a market capitalization of $7.97 billion, a PE ratio of 8.97, a PEG ratio of 0.98 and a beta of 1.82. Bath & Body Works has a 52 week low of $26.20 and a 52 week high of $52.99.

Bath & Body Works (NYSE:BBWIGet Free Report) last announced its quarterly earnings results on Monday, November 25th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.03. Bath & Body Works had a negative return on equity of 44.03% and a net margin of 12.43%. The company had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same period in the prior year, the company earned $0.48 earnings per share. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. On average, sell-side analysts forecast that Bath & Body Works will post 3.26 earnings per share for the current year.

Bath & Body Works Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 22nd were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.18%. The ex-dividend date of this dividend was Friday, November 22nd. Bath & Body Works’s dividend payout ratio is 19.51%.

Bath & Body Works Company Profile

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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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Analyst Recommendations for Bath & Body Works (NYSE:BBWI)

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