Bath & Body Works, Inc. (NYSE:BBWI) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Bath & Body Works, Inc. (NYSE:BBWI) have been assigned a consensus rating of “Moderate Buy” from the seventeen analysts that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and ten have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $43.06.

A number of brokerages recently weighed in on BBWI. Telsey Advisory Group restated an “outperform” rating and set a $42.00 price objective on shares of Bath & Body Works in a research report on Monday, November 25th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Bath & Body Works from $51.00 to $52.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. JPMorgan Chase & Co. boosted their target price on shares of Bath & Body Works from $35.00 to $39.00 and gave the stock a “neutral” 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 raised their price target for the company from $42.00 to $48.00 in a research note on Friday, January 10th. Finally, Argus reissued a “hold” rating on shares of Bath & Body Works in a research note on Friday, January 10th.

Institutional Investors Weigh In On Bath & Body Works

Hedge funds and other institutional investors have recently bought and sold shares of the stock. True Wealth Design LLC boosted its position in shares of 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 worth $34,000 after purchasing an additional 1,054 shares in the last quarter. UMB Bank n.a. boosted its holdings in Bath & Body Works by 58.8% in the fourth quarter. UMB Bank n.a. now owns 905 shares of the company’s stock worth $35,000 after acquiring an additional 335 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its stake in Bath & Body Works by 300.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,200 shares of the company’s stock valued at $38,000 after acquiring an additional 900 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Bath & Body Works during the third quarter valued at approximately $39,000. Finally, TD Private Client Wealth LLC increased its holdings in shares of Bath & Body Works by 24.2% during the third quarter. TD Private Client Wealth LLC now owns 1,697 shares of the company’s stock valued at $54,000 after acquiring an additional 331 shares in the last quarter. 95.14% of the stock is owned by institutional investors.

Bath & Body Works Trading Up 0.3 %

BBWI stock opened at $36.78 on Monday. The firm has a 50-day moving average price of $36.30 and a 200-day moving average price of $33.62. Bath & Body Works has a 12 month low of $26.20 and a 12 month high of $52.99. The stock has a market capitalization of $7.97 billion, a P/E ratio of 8.97, a price-to-earnings-growth ratio of 0.98 and a beta of 1.82.

Bath & Body Works (NYSE:BBWI) last issued its quarterly earnings data on Monday, November 25th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.46 by $0.03. The business had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.58 billion. Bath & Body Works had a net margin of 12.43% and a negative return on equity of 44.03%. The firm’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.48 EPS. As a group, equities analysts predict that Bath & Body Works will post 3.26 EPS for the current fiscal year.

Bath & Body Works Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 22nd were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.18%. The ex-dividend date was Friday, November 22nd. Bath & Body Works’s dividend payout ratio is presently 19.51%.

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.