Bath & Body Works, Inc. (NYSE:BBWI) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Bath & Body Works, Inc. (NYSE:BBWI) have received an average recommendation of “Moderate Buy” from the seventeen analysts that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $43.19.

BBWI has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their price target on shares of Bath & Body Works from $39.00 to $41.00 and gave the stock a “neutral” rating in a research note on Friday, January 24th. Barclays boosted their target price on Bath & Body Works from $28.00 to $34.00 and gave the company an “underweight” rating in a research note on Tuesday, November 26th. TD Cowen raised their price target on Bath & Body Works from $42.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Morgan Stanley lowered their price objective on Bath & Body Works from $51.00 to $48.00 and set an “overweight” rating for the company in a research report on Thursday, November 21st. Finally, Argus restated a “hold” rating on shares of Bath & Body Works in a report on Friday, January 10th.

Institutional Investors Weigh In On Bath & Body Works

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BBWI. Golden State Wealth Management LLC bought a new position in shares of Bath & Body Works during the fourth quarter valued at approximately $26,000. SRS Capital Advisors Inc. grew its stake in shares of Bath & Body Works by 99.7% in the 4th quarter. SRS Capital Advisors Inc. now owns 659 shares of the company’s stock worth $26,000 after buying an additional 329 shares during the last quarter. True Wealth Design LLC increased its position in Bath & Body Works by 5,270.0% during the 3rd quarter. True Wealth Design LLC now owns 1,074 shares of the company’s stock valued at $34,000 after buying an additional 1,054 shares in the last quarter. UMB Bank n.a. raised its stake in Bath & Body Works by 58.8% during the fourth quarter. UMB Bank n.a. now owns 905 shares of the company’s stock valued at $35,000 after buying an additional 335 shares during the last quarter. Finally, Lindbrook Capital LLC boosted its holdings in Bath & Body Works by 81.9% in the fourth quarter. Lindbrook Capital LLC now owns 957 shares of the company’s stock worth $37,000 after acquiring an additional 431 shares in the last quarter. 95.14% of the stock is owned by hedge funds and other institutional investors.

Bath & Body Works Stock Down 3.5 %

NYSE BBWI opened at $37.41 on Friday. The stock’s 50-day simple moving average is $37.75 and its two-hundred day simple moving average is $33.67. Bath & Body Works has a twelve month low of $26.20 and a twelve month high of $52.99. The company has a market capitalization of $8.10 billion, a price-to-earnings ratio of 9.12, a PEG ratio of 1.01 and a beta of 1.83.

Bath & Body Works (NYSE:BBWI) last released its earnings results 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 company had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter in the previous year, the company posted $0.48 EPS. Bath & Body Works’s quarterly revenue was up 3.1% compared to the same quarter last year. On average, equities analysts expect that Bath & Body Works will post 3.26 earnings per share for the current fiscal year.

Bath & Body Works Company Profile

Bath & Body Works, Inc is a specialty retailers and home to America’s Favorite Fragrances, offering a breadth of exclusive fragrances for the body and home, including the selling collections for fine fragrance mist, body lotion and body cream, 3-wick candles, home fragrance diffusers and liquid hand soap.