Bath & Body Works, Inc. (NYSE:BBWI) Given Average Recommendation of “Moderate Buy” by Brokerages

Bath & Body Works, Inc. (NYSE:BBWI) has been assigned a consensus recommendation of “Moderate Buy” from the seventeen analysts that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $43.19.

Several equities research analysts have recently weighed in on BBWI shares. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $42.00 target price on shares of Bath & Body Works in a report on Monday, November 25th. TD Cowen raised their target price on shares of Bath & Body Works from $42.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. increased their price target on shares of Bath & Body Works from $39.00 to $41.00 and gave the company a “neutral” rating in a research report on Friday, January 24th. Argus restated a “hold” rating on shares of Bath & Body Works in a report on Friday, January 10th. Finally, Wells Fargo & Company upgraded shares of Bath & Body Works from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $42.00 to $48.00 in a report on Friday, January 10th.

Hedge Funds Weigh In On Bath & Body Works

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SRS Capital Advisors Inc. boosted its position in Bath & Body Works by 99.7% during the fourth quarter. SRS Capital Advisors Inc. now owns 659 shares of the company’s stock worth $26,000 after purchasing an additional 329 shares during the period. Golden State Wealth Management LLC acquired a new stake in shares of Bath & Body Works during the fourth quarter worth $26,000. UMB Bank n.a. lifted its holdings in shares of Bath & Body Works by 58.8% during the fourth quarter. UMB Bank n.a. now owns 905 shares of the company’s stock worth $35,000 after buying an additional 335 shares in the last quarter. Lindbrook Capital LLC lifted its holdings in shares of Bath & Body Works by 81.9% during the fourth quarter. Lindbrook Capital LLC now owns 957 shares of the company’s stock worth $37,000 after buying an additional 431 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Bath & Body Works by 135.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,013 shares of the company’s stock worth $39,000 after buying an additional 582 shares in the last quarter. 95.14% of the stock is owned by institutional investors.

Bath & Body Works Trading Up 0.0 %

NYSE BBWI opened at $35.48 on Friday. The company has a market cap of $7.68 billion, a P/E ratio of 8.65, a P/E/G ratio of 0.90 and a beta of 1.83. Bath & Body Works has a 1 year low of $26.20 and a 1 year high of $52.99. The company has a fifty day simple moving average of $37.68 and a 200 day simple moving average of $33.66.

Bath & Body Works (NYSE:BBWI) last announced its quarterly earnings data on Monday, November 25th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.03. Bath & Body Works had a net margin of 12.43% and a negative return on equity of 44.03%. The company had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter in the prior year, the company posted $0.48 EPS. The business’s revenue was up 3.1% on a year-over-year basis. Equities research analysts forecast that Bath & Body Works will post 3.26 EPS for the current fiscal year.

Bath & Body Works Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 21st will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, February 21st. This represents a $0.80 dividend on an annualized basis and a yield of 2.25%. Bath & Body Works’s dividend payout ratio (DPR) is 19.51%.

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.