Bath & Body Works (NYSE:BBWI) Releases Q4 Earnings Guidance

Bath & Body Works (NYSE:BBWI) issued an update on its fourth quarter earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $1.94-2.07 for the period, compared to the consensus estimate of $1.97. The company issued revenue guidance of (6.5%)-(4.5%) to ~$2.72-2.78 billion, compared to the consensus revenue estimate of $2.74 billion. Bath & Body Works also updated its Q4 2024 guidance to 1.940-2.070 EPS.

Analyst Upgrades and Downgrades

Several research firms have weighed in on BBWI. Robert W. Baird cut their price objective on Bath & Body Works from $54.00 to $45.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. Barclays raised their price objective on shares of Bath & Body Works from $28.00 to $34.00 and gave the stock an “underweight” rating in a report on Tuesday. Piper Sandler increased their target price on shares of Bath & Body Works from $35.00 to $36.00 and gave the company a “neutral” rating in a research report on Tuesday. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $42.00 price target on shares of Bath & Body Works in a report on Monday. Finally, JPMorgan Chase & Co. increased their price objective on Bath & Body Works from $35.00 to $39.00 and gave the company a “neutral” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.88.

Bath & Body Works Trading Up 2.0 %

Bath & Body Works stock opened at $35.92 on Thursday. Bath & Body Works has a 1-year low of $26.20 and a 1-year high of $52.99. The firm has a market capitalization of $7.87 billion, a PE ratio of 8.76, a price-to-earnings-growth ratio of 1.14 and a beta of 1.79. The firm’s 50 day simple moving average is $30.81 and its 200 day simple moving average is $35.65.

Bath & Body Works (NYSE:BBWI) last released its quarterly earnings results on Wednesday, August 28th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.02. The firm had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.54 billion. Bath & Body Works had a net margin of 12.43% and a negative return on equity of 44.03%. Research analysts forecast that Bath & Body Works will post 3.18 earnings per share for the current year.

Bath & Body Works Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 22nd will be paid a $0.20 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $0.80 dividend on an annualized basis and a yield of 2.23%. Bath & Body Works’s dividend payout ratio is currently 19.51%.

Insider Buying and Selling at Bath & Body Works

In related news, CEO Gina Boswell acquired 6,000 shares of the stock in a transaction dated Wednesday, October 9th. The shares were purchased at an average price of $29.64 per share, for a total transaction of $177,840.00. Following the transaction, the chief executive officer now owns 242,987 shares in the company, valued at $7,202,134.68. This represents a 2.53 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.27% of the company’s stock.

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.