Bath & Body Works’ (BBWI) Hold Rating Reiterated at Argus

Argus reaffirmed their hold rating on shares of Bath & Body Works (NYSE:BBWI) in a research note published on Wednesday morning,Benzinga reports.

Several other research analysts have also weighed in on BBWI. BMO Capital Markets assumed coverage on Bath & Body Works in a report on Tuesday, September 8th. They set a “market perform” rating and a $20.00 target price on the stock. Weiss Ratings upgraded Bath & Body Works from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft set a $22.00 target price on shares of Bath & Body Works in a report on Thursday, August 27th. Morgan Stanley reduced their price target on shares of Bath & Body Works from $22.00 to $20.00 and set an “equal weight” rating for the company in a report on Thursday, August 27th. Finally, TD Cowen increased their price objective on shares of Bath & Body Works from $20.00 to $25.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Four research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $22.13.

Bath & Body Works Stock Performance

Shares of Bath & Body Works stock opened at $17.41 on Wednesday. The firm has a fifty day moving average of $19.31 and a two-hundred day moving average of $19.43. The stock has a market capitalization of $3.51 billion, a price-to-earnings ratio of 4.53, a PEG ratio of 0.86 and a beta of 1.38. Bath & Body Works has a 52 week low of $14.27 and a 52 week high of $27.40.

Bath & Body Works (NYSE:BBWI) last announced its quarterly earnings data on Wednesday, August 26th. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.38. The business had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Bath & Body Works had a negative return on equity of 53.48% and a net margin of 10.83%.The firm’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.30 earnings per share. Bath & Body Works has set its Q3 2026 guidance at 0.070-0.120 EPS and its FY 2026 guidance at 2.600-2.800 EPS. As a group, research analysts forecast that Bath & Body Works will post 2.73 EPS for the current fiscal year.

Bath & Body Works Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 4th. Investors of record on Friday, August 21st were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, August 21st. This represents a $0.80 dividend on an annualized basis and a yield of 4.6%. Bath & Body Works’s dividend payout ratio is currently 20.83%.

Institutional Investors Weigh In On Bath & Body Works

Large investors have recently bought and sold shares of the company. Bank of America Corp DE boosted its holdings in shares of Bath & Body Works by 26.2% during the 1st quarter. Bank of America Corp DE now owns 2,050,414 shares of the company’s stock valued at $38,281,000 after acquiring an additional 425,248 shares in the last quarter. BlackRock Inc. acquired a new position in Bath & Body Works in the 2nd quarter worth about $449,065,000. Intech Investment Management LLC increased its holdings in Bath & Body Works by 462.6% in the 4th quarter. Intech Investment Management LLC now owns 108,766 shares of the company’s stock worth $2,184,000 after purchasing an additional 89,432 shares in the last quarter. Cibc World Market Inc. bought a new position in Bath & Body Works in the fourth quarter valued at about $2,053,000. Finally, WINTON GROUP Ltd bought a new position in Bath & Body Works in the fourth quarter valued at about $3,175,000. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Bath & Body Works Company Profile

Bath & Body Works, Inc is a specialty retailer focused on personal care and home-fragrance products. Its offerings include body lotions and creams, shower gels, fragrance mists, hand soaps and sanitizers, candles, home fragrances, and related seasonal merchandise. The company markets products under the Bath & Body Works and White Barn names.

The company sells its products through a network of company-operated stores, its websites, and other direct channels. Its retail operations primarily serve customers in the United States and Canada, while international markets are reached through franchised, licensed, and other distribution arrangements.

Bath & Body Works traces its origins to 1990 and was formerly part of L Brands, Inc It became an independent publicly traded company in 2021 following the separation of L Brands’ Victoria’s Secret business.