Bath & Body Works, Inc. (NYSE:BBWI) Receives $48.53 Consensus PT from Brokerages

Bath & Body Works, Inc. (NYSE:BBWI) has been given an average rating of “Hold” by the fourteen brokerages that are covering the company, Marketbeat.com reports. Eight analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $48.53.

A number of equities research analysts recently commented on the stock. The Goldman Sachs Group lifted their price target on shares of Bath & Body Works from $49.00 to $56.00 and gave the stock a “buy” rating in a report on Monday, March 4th. JPMorgan Chase & Co. raised shares of Bath & Body Works from an “underweight” rating to a “neutral” rating and lifted their price target for the stock from $40.00 to $53.00 in a report on Friday, May 17th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Bath & Body Works from $53.00 to $57.00 in a report on Monday, June 3rd. UBS Group boosted their target price on shares of Bath & Body Works from $46.00 to $52.00 and gave the company a “neutral” rating in a report on Monday, March 4th. Finally, Piper Sandler boosted their target price on shares of Bath & Body Works from $44.00 to $45.00 and gave the company a “neutral” rating in a report on Tuesday, April 9th.

Hedge Funds Weigh In On Bath & Body Works

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Federated Hermes Inc. increased its stake in shares of Bath & Body Works by 17.1% during the fourth quarter. Federated Hermes Inc. now owns 1,612 shares of the company’s stock valued at $70,000 after purchasing an additional 235 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in shares of Bath & Body Works by 5.2% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 5,571 shares of the company’s stock valued at $279,000 after buying an additional 277 shares during the last quarter. Empirical Finance LLC grew its holdings in shares of Bath & Body Works by 3.6% during the first quarter. Empirical Finance LLC now owns 8,097 shares of the company’s stock valued at $405,000 after buying an additional 278 shares during the last quarter. Comerica Bank grew its holdings in shares of Bath & Body Works by 0.9% during the fourth quarter. Comerica Bank now owns 33,091 shares of the company’s stock valued at $1,428,000 after buying an additional 280 shares during the last quarter. Finally, Northwest Bank & Trust Co grew its holdings in shares of Bath & Body Works by 2.5% during the first quarter. Northwest Bank & Trust Co now owns 13,094 shares of the company’s stock valued at $655,000 after buying an additional 315 shares during the last quarter. Institutional investors own 95.14% of the company’s stock.

Bath & Body Works Stock Up 0.1 %

Shares of NYSE BBWI opened at $39.05 on Thursday. Bath & Body Works has a twelve month low of $27.30 and a twelve month high of $52.99. The stock’s 50 day moving average price is $45.95 and its 200-day moving average price is $45.12. The company has a market capitalization of $8.72 billion, a PE ratio of 10.06, a PEG ratio of 1.29 and a beta of 1.90.

Bath & Body Works (NYSE:BBWI) last announced its earnings results on Tuesday, June 4th. The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.05. The firm had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.37 billion. Bath & Body Works had a negative return on equity of 40.00% and a net margin of 11.92%. The company’s revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.33 EPS. As a group, research analysts expect that Bath & Body Works will post 3.29 EPS for the current fiscal year.

Bath & Body Works Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Friday, June 7th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date was Friday, June 7th. Bath & Body Works’s payout ratio is currently 20.62%.

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.