Bath & Body Works, Inc. (NYSE:BBWI) Receives $43.00 Average Price Target from Analysts

Bath & Body Works, Inc. (NYSE:BBWI) has earned an average recommendation of “Moderate Buy” from the seventeen research firms that are covering the firm, MarketBeat.com reports. Eight investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $43.00.

Several brokerages recently issued reports on BBWI. The Goldman Sachs Group dropped their target price on shares of Bath & Body Works from $60.00 to $49.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Wells Fargo & Company cut their price objective on Bath & Body Works from $48.00 to $40.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. Robert W. Baird lowered their target price on Bath & Body Works from $54.00 to $45.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. JPMorgan Chase & Co. cut their price target on Bath & Body Works from $42.00 to $39.00 and set a “neutral” rating for the company in a research note on Thursday, August 29th. Finally, Raymond James lowered their price objective on shares of Bath & Body Works from $51.00 to $42.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th.

Bath & Body Works Stock Up 1.0 %

Shares of NYSE BBWI opened at $27.26 on Tuesday. The company has a 50 day moving average of $33.55 and a 200 day moving average of $41.52. Bath & Body Works has a twelve month low of $26.20 and a twelve month high of $52.99. The firm has a market cap of $6.09 billion, a P/E ratio of 7.03, a PEG ratio of 0.97 and a beta of 1.77.

Bath & Body Works Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 23rd were paid a dividend of $0.20 per share. The ex-dividend date was Friday, August 23rd. This represents a $0.80 annualized dividend and a yield of 2.93%. Bath & Body Works’s payout ratio is currently 20.62%.

Institutional Trading of Bath & Body Works

Institutional investors have recently bought and sold shares of the stock. First Community Trust NA purchased a new position in shares of Bath & Body Works during the second quarter valued at approximately $30,000. EverSource Wealth Advisors LLC grew its position in Bath & Body Works by 72.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 805 shares of the company’s stock valued at $35,000 after acquiring an additional 337 shares during the last quarter. GAMMA Investing LLC grew its position in Bath & Body Works by 75.7% in the 1st quarter. GAMMA Investing LLC now owns 1,116 shares of the company’s stock valued at $56,000 after acquiring an additional 481 shares during the last quarter. TFO Wealth Partners LLC lifted its position in shares of Bath & Body Works by 9,664.7% during the fourth quarter. TFO Wealth Partners LLC now owns 1,660 shares of the company’s stock worth $72,000 after purchasing an additional 1,643 shares during the last quarter. Finally, Quarry LP lifted its position in shares of Bath & Body Works by 289.4% during the fourth quarter. Quarry LP now owns 1,690 shares of the company’s stock worth $73,000 after purchasing an additional 1,256 shares during the last quarter. 95.14% of the stock is currently owned by institutional investors.

Bath & Body Works Company Profile

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.