Bath & Body Works, Inc. (NYSE:BBWI) Receives Average Recommendation of “Hold” from Analysts

Bath & Body Works, Inc. (NYSE:BBWI) has been given an average recommendation of “Hold” by the fourteen brokerages that are currently covering the stock, Marketbeat reports. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $48.53.

Several analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft increased their target price on shares of Bath & Body Works from $53.00 to $57.00 in a report on Monday, June 3rd. Piper Sandler increased their price target on Bath & Body Works from $44.00 to $45.00 and gave the company a “neutral” rating in a research report on Tuesday, April 9th. The Goldman Sachs Group boosted their price objective on Bath & Body Works from $49.00 to $56.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. JPMorgan Chase & Co. raised Bath & Body Works from an “underweight” rating to a “neutral” rating and raised their target price for the company from $40.00 to $53.00 in a research report on Friday, May 17th. Finally, Evercore ISI boosted their price target on shares of Bath & Body Works from $30.00 to $45.00 and gave the stock an “in-line” rating in a report on Friday, March 1st.

Institutional Investors Weigh In On Bath & Body Works

Several institutional investors have recently made changes to their positions in BBWI. Westwood Holdings Group Inc. bought a new stake in shares of Bath & Body Works during the 1st quarter valued at $212,000. DekaBank Deutsche Girozentrale lifted its holdings in shares of Bath & Body Works by 1.0% in the first quarter. DekaBank Deutsche Girozentrale now owns 31,797 shares of the company’s stock worth $1,560,000 after buying an additional 322 shares in the last quarter. Northwest Bank & Trust Co boosted its position in shares of Bath & Body Works by 2.5% in the first quarter. Northwest Bank & Trust Co now owns 13,094 shares of the company’s stock valued at $655,000 after acquiring an additional 315 shares during the period. Atria Investments Inc purchased a new position in Bath & Body Works during the first quarter valued at approximately $1,058,000. Finally, Tidal Investments LLC increased its holdings in Bath & Body Works by 223.9% during the 1st quarter. Tidal Investments LLC now owns 19,398 shares of the company’s stock worth $970,000 after acquiring an additional 13,410 shares during the period. Hedge funds and other institutional investors own 95.14% of the company’s stock.

Bath & Body Works Price Performance

Shares of NYSE BBWI opened at $40.04 on Thursday. The company has a 50-day moving average price of $46.14 and a 200-day moving average price of $45.12. The stock has a market capitalization of $8.94 billion, a P/E ratio of 10.32, a P/E/G ratio of 1.35 and a beta of 1.90. Bath & Body Works has a 1 year low of $27.30 and a 1 year high of $52.99.

Bath & Body Works (NYSE:BBWI) last released its quarterly earnings results on Tuesday, June 4th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.05. The business had revenue of $1.38 billion during 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 quarterly revenue was down .9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.33 EPS. As a group, equities research analysts anticipate that Bath & Body Works will post 3.29 earnings per share for the current fiscal year.

Bath & Body Works Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Friday, June 7th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend was Friday, June 7th. Bath & Body Works’s dividend payout ratio (DPR) is presently 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.