Bath & Body Works, Inc. (NYSE:BBWI) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Bath & Body Works, Inc. (NYSE:BBWI) has received an average rating of “Moderate Buy” from the seventeen analysts that are covering the company, MarketBeat Ratings reports. One 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. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $43.06.

Several research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Bath & Body Works from $51.00 to $52.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Telsey Advisory Group reissued an “outperform” rating and issued a $42.00 target price on shares of Bath & Body Works in a research note on Monday, November 25th. Barclays raised their target price on shares of Bath & Body Works from $28.00 to $34.00 and gave the stock an “underweight” rating in a report on Tuesday, November 26th. Wells Fargo & Company raised shares of Bath & Body Works from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $42.00 to $48.00 in a research report on Friday. Finally, Argus reissued a “hold” rating on shares of Bath & Body Works in a research note on Friday.

Institutional Trading of Bath & Body Works

Several large investors have recently added to or reduced their stakes in the stock. Lone Pine Capital LLC raised its holdings in Bath & Body Works by 15.8% in the 2nd quarter. Lone Pine Capital LLC now owns 11,315,515 shares of the company’s stock worth $441,871,000 after acquiring an additional 1,547,399 shares during the last quarter. Anomaly Capital Management LP purchased a new stake in shares of Bath & Body Works in the second quarter worth $113,995,000. FMR LLC raised its stake in Bath & Body Works by 17,496.5% during the 3rd quarter. FMR LLC now owns 2,516,127 shares of the company’s stock valued at $80,315,000 after purchasing an additional 2,501,828 shares during the period. Sound Shore Management Inc. CT increased its holdings in Bath & Body Works by 10.0% in the 2nd quarter. Sound Shore Management Inc. CT now owns 2,088,703 shares of the company’s stock valued at $81,564,000 after acquiring an additional 189,889 shares during the last quarter. Finally, KBC Group NV boosted its stake in Bath & Body Works by 9,023.5% during the third quarter. KBC Group NV now owns 1,701,813 shares of the company’s stock valued at $54,322,000 after buying an additional 1,683,160 shares during the last quarter. Institutional investors own 95.14% of the company’s stock.

Bath & Body Works Price Performance

Bath & Body Works stock opened at $36.45 on Monday. The firm has a market cap of $7.89 billion, a price-to-earnings ratio of 8.89, a P/E/G ratio of 1.43 and a beta of 1.82. The firm has a fifty day moving average price of $35.75 and a two-hundred day moving average price of $33.68. Bath & Body Works has a fifty-two week low of $26.20 and a fifty-two week high of $52.99.

Bath & Body Works (NYSE:BBWI) last issued its earnings results on Monday, November 25th. The company reported $0.49 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $1.58 billion. During the same period in the prior year, the company posted $0.48 earnings per share. Bath & Body Works’s revenue was up 3.1% on a year-over-year basis. As a group, sell-side analysts expect that Bath & Body Works will post 3.26 earnings per share for the current year.

Bath & Body Works Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 22nd were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend was Friday, November 22nd. Bath & Body Works’s payout ratio is 19.51%.

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.