Bath & Body Works (NYSE:BBWI) Given “Hold” Rating at Argus

Bath & Body Works (NYSE:BBWI)‘s stock had its “hold” rating reaffirmed by equities research analysts at Argus in a research note issued on Friday,Benzinga reports.

BBWI has been the subject of several other research reports. Telsey Advisory Group restated an “outperform” rating and set a $42.00 price target on shares of Bath & Body Works in a research note on Monday, November 25th. Deutsche Bank Aktiengesellschaft upped their target price on Bath & Body Works from $51.00 to $52.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. TD Cowen lifted their price target on Bath & Body Works from $42.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Piper Sandler upped their price objective on Bath & Body Works from $36.00 to $39.00 and gave the company a “neutral” rating in a research report on Monday, January 6th. Finally, Barclays increased their price target on Bath & Body Works from $28.00 to $34.00 and gave the stock an “underweight” rating in a research note on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Bath & Body Works currently has a consensus rating of “Moderate Buy” and an average price target of $43.06.

Bath & Body Works Stock Down 1.4 %

NYSE:BBWI opened at $36.45 on Friday. Bath & Body Works has a 52 week low of $26.20 and a 52 week high of $52.99. The company has a market capitalization of $7.89 billion, a P/E ratio of 8.89, a P/E/G ratio of 1.43 and a beta of 1.82. The stock’s fifty day moving average is $35.75 and its two-hundred day moving average is $33.72.

Bath & Body Works (NYSE:BBWI) last posted its quarterly earnings data on Monday, November 25th. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.03. Bath & Body Works had a negative return on equity of 44.03% and a net margin of 12.43%. The business had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the prior year, the company earned $0.48 earnings per share. The company’s revenue was up 3.1% on a year-over-year basis. Sell-side analysts anticipate that Bath & Body Works will post 3.26 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Bath & Body Works

Several hedge funds have recently added to or reduced their stakes in BBWI. Diversified Trust Co acquired a new position in Bath & Body Works during the fourth quarter worth $455,000. Bard Financial Services Inc. boosted its holdings in Bath & Body Works by 107.4% in the 4th quarter. Bard Financial Services Inc. now owns 26,750 shares of the company’s stock valued at $1,037,000 after purchasing an additional 13,850 shares during the period. Everence Capital Management Inc. acquired a new position in Bath & Body Works in the 4th quarter valued at $260,000. GAMMA Investing LLC lifted its holdings in shares of Bath & Body Works by 78.7% during the 4th quarter. GAMMA Investing LLC now owns 4,434 shares of the company’s stock worth $172,000 after acquiring an additional 1,953 shares during the period. Finally, Versant Capital Management Inc raised its holdings in shares of Bath & Body Works by 161.7% during the 4th quarter. Versant Capital Management Inc now owns 2,141 shares of the company’s stock worth $83,000 after buying an additional 1,323 shares in the last quarter. Institutional investors and hedge funds own 95.14% of the company’s stock.

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.