Bath & Body Works, Inc. (NYSE:BBWI) Receives $22.93 Average PT from Analysts

Shares of Bath & Body Works, Inc. (NYSE:BBWIGet Free Report) have received a consensus recommendation of “Hold” from the eighteen research firms that are currently covering the stock, Marketbeat reports. Fourteen equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $23.2143.

BBWI has been the topic of several analyst reports. Wells Fargo & Company decreased their price target on shares of Bath & Body Works from $33.00 to $25.00 and set an “overweight” rating on the stock in a research note on Friday, November 21st. Zacks Research upgraded shares of Bath & Body Works from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 20th. Barclays boosted their price target on Bath & Body Works from $18.00 to $20.00 and gave the company an “equal weight” rating in a report on Tuesday, January 6th. Deutsche Bank Aktiengesellschaft initiated coverage on Bath & Body Works in a report on Thursday, January 8th. They set a “hold” rating and a $21.00 price objective on the stock. Finally, Guggenheim began coverage on Bath & Body Works in a research note on Tuesday, December 9th. They issued a “neutral” rating for the company.

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Institutional Trading of Bath & Body Works

Several institutional investors have recently made changes to their positions in the stock. Parkside Financial Bank & Trust increased its holdings in shares of Bath & Body Works by 24.6% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,842 shares of the company’s stock worth $55,000 after buying an additional 364 shares during the last quarter. Gabelli Funds LLC increased its stake in Bath & Body Works by 1.2% during the third quarter. Gabelli Funds LLC now owns 47,536 shares of the company’s stock worth $1,225,000 after acquiring an additional 542 shares during the last quarter. Parallel Advisors LLC raised its holdings in shares of Bath & Body Works by 42.6% in the 4th quarter. Parallel Advisors LLC now owns 1,897 shares of the company’s stock worth $38,000 after purchasing an additional 567 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Bath & Body Works by 3.7% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 16,700 shares of the company’s stock worth $430,000 after purchasing an additional 600 shares during the period. Finally, Meeder Asset Management Inc. lifted its stake in shares of Bath & Body Works by 28.5% in the 4th quarter. Meeder Asset Management Inc. now owns 2,874 shares of the company’s stock valued at $58,000 after purchasing an additional 637 shares in the last quarter. 95.14% of the stock is owned by hedge funds and other institutional investors.

Key Bath & Body Works News

Here are the key news stories impacting Bath & Body Works this week:

Bath & Body Works Stock Performance

NYSE:BBWI opened at $24.15 on Tuesday. Bath & Body Works has a 1 year low of $14.27 and a 1 year high of $41.87. The stock has a fifty day moving average price of $21.72 and a two-hundred day moving average price of $23.99. The stock has a market capitalization of $4.94 billion, a price-to-earnings ratio of 7.43, a PEG ratio of 1.05 and a beta of 1.54.

Bath & Body Works (NYSE:BBWIGet Free Report) last issued its earnings results on Thursday, November 20th. The company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.05). The company had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.64 billion. Bath & Body Works had a negative return on equity of 47.35% and a net margin of 9.50%.The company’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 earnings per share. On average, analysts predict that Bath & Body Works will post 3.3 EPS for the current year.

Bath & Body Works Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 6th. Investors of record on Friday, February 20th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, February 20th. This represents a $0.80 annualized dividend and a yield of 3.3%. Bath & Body Works’s dividend payout ratio is 24.62%.

About Bath & Body Works

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Bath & Body Works, Inc is a leading specialty retailer focused on personal care, home fragrance and complementary products. Through its flagship Bath & Body Works brand, the company offers a diverse assortment of shower gels, lotions, fragrance mists, candles and home fragrance items. Its product portfolio also includes the White Barn Candle Co range of premium scented candles and diffusers. Bath & Body Works serves consumers through a combination of brick-and-mortar stores and e-commerce platforms, delivering seasonal collections, limited-edition releases and signature scent lines.

Founded in 1990 as part of Limited Brands (now L Brands), Bath & Body Works opened its first store in New Albany, Ohio, and quickly expanded across the United States.

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

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