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

Shares of Bath & Body Works, Inc. (NYSE:BBWI) have received a consensus rating of “Moderate Buy” from the seventeen brokerages that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and ten have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $43.19.

Several research analysts have commented on the company. JPMorgan Chase & Co. lifted their target price on Bath & Body Works from $39.00 to $41.00 and gave the stock a “neutral” rating in a report on Friday, January 24th. Morgan Stanley lowered their price objective 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. TD Cowen upped their target price on Bath & Body Works from $42.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Telsey Advisory Group restated an “outperform” rating and set a $42.00 price target on shares of Bath & Body Works in a report on Monday, November 25th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Bath & Body Works from $51.00 to $52.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th.

Institutional Trading of Bath & Body Works

Several large investors have recently made changes to their positions in BBWI. Golden State Wealth Management LLC acquired a new position in Bath & Body Works during the 4th quarter worth approximately $26,000. SRS Capital Advisors Inc. increased its holdings in shares of Bath & Body Works by 99.7% during the fourth quarter. SRS Capital Advisors Inc. now owns 659 shares of the company’s stock valued at $26,000 after acquiring an additional 329 shares in the last quarter. True Wealth Design LLC raised its position in shares of Bath & Body Works by 5,270.0% during the third quarter. True Wealth Design LLC now owns 1,074 shares of the company’s stock worth $34,000 after purchasing an additional 1,054 shares during the period. UMB Bank n.a. raised its position 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 purchasing an additional 335 shares during the period. Finally, Lindbrook Capital LLC lifted its holdings in shares of Bath & Body Works by 81.9% in the 4th quarter. Lindbrook Capital LLC now owns 957 shares of the company’s stock worth $37,000 after purchasing an additional 431 shares in the last quarter. 95.14% of the stock is currently owned by institutional investors and hedge funds.

Bath & Body Works Price Performance

Bath & Body Works stock opened at $36.46 on Friday. The business has a 50 day moving average of $37.63 and a 200-day moving average of $33.69. The company has a market capitalization of $7.90 billion, a P/E ratio of 8.89, a P/E/G ratio of 0.90 and a beta of 1.83. Bath & Body Works has a 1 year low of $26.20 and a 1 year high of $52.99.

Bath & Body Works (NYSE:BBWI) last announced its quarterly earnings results on Monday, November 25th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.03. The firm had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Bath & Body Works had a net margin of 12.43% and a negative return on equity of 44.03%. The company’s revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.48 EPS. Equities analysts anticipate that Bath & Body Works will post 3.26 EPS for the current year.

Bath & Body Works Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 21st will be issued a dividend of $0.20 per share. The ex-dividend date is Friday, February 21st. This represents a $0.80 annualized dividend and a dividend yield of 2.19%. Bath & Body Works’s dividend payout ratio is currently 19.51%.

Bath & Body Works Company Profile

Bath & Body Works, Inc is a specialty retailers and home to America’s Favorite Fragrances, offering a breadth of exclusive fragrances for the body and home, including the selling collections for fine fragrance mist, body lotion and body cream, 3-wick candles, home fragrance diffusers and liquid hand soap.