Brokerages Set Bath & Body Works, Inc. (NYSE:BBWI) Target Price at $23.61

Bath & Body Works, Inc. (NYSE:BBWI) has been assigned an average recommendation of “Hold” from the nineteen analysts that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $23.6071.

BBWI has been the topic of several research reports. Bank of America cut their price objective on shares of Bath & Body Works from $40.00 to $32.00 and set a “buy” rating on the stock in a report on Thursday, November 20th. Raymond James Financial reaffirmed a “market perform” rating on shares of Bath & Body Works in a research report on Wednesday, November 12th. New Street Research set a $26.00 price target on Bath & Body Works in a research report on Monday, November 24th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Bath & Body Works in a research report on Wednesday, October 8th. Finally, Barclays cut their target price on Bath & Body Works from $28.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Friday, November 21st.

Bath & Body Works Price Performance

BBWI stock opened at $20.71 on Monday. Bath & Body Works has a 1-year low of $14.27 and a 1-year high of $41.87. The business has a 50-day moving average price of $20.45 and a 200 day moving average price of $25.95. The company has a market capitalization of $4.24 billion, a P/E ratio of 6.37, a PEG ratio of 0.74 and a beta of 1.51.

Bath & Body Works (NYSE:BBWI) last issued its earnings results on Thursday, November 20th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.05). Bath & Body Works had a negative return on equity of 47.35% and a net margin of 9.50%.The business had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the previous year, the company earned $0.49 earnings per share. The firm’s revenue was down 1.0% on a year-over-year basis. Bath & Body Works has set its FY 2025 guidance at 2.870- EPS and its Q4 2025 guidance at 1.700- EPS. On average, analysts anticipate that Bath & Body Works will post 3.3 earnings per share for the current fiscal year.

Bath & Body Works Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Friday, November 21st were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.9%. The ex-dividend date was Friday, November 21st. Bath & Body Works’s payout ratio is 24.62%.

Insider Activity

In other Bath & Body Works news, Director Stephen D. Steinour purchased 6,700 shares of Bath & Body Works stock in a transaction dated Friday, November 21st. The shares were acquired at an average cost of $14.86 per share, with a total value of $99,562.00. Following the completion of the transaction, the director owned 48,175 shares in the company, valued at approximately $715,880.50. This trade represents a 16.15% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Lucy Brady acquired 3,470 shares of the firm’s stock in a transaction dated Friday, November 21st. The shares were acquired at an average price of $14.40 per share, with a total value of $49,968.00. Following the acquisition, the director owned 17,482 shares in the company, valued at approximately $251,740.80. The trade was a 24.76% increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders purchased 33,513 shares of company stock worth $500,442. 0.26% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Parkside Financial Bank & Trust boosted its stake in Bath & Body Works by 24.6% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,842 shares of the company’s stock worth $55,000 after purchasing an additional 364 shares in the last quarter. Parallel Advisors LLC raised its holdings in shares of Bath & Body Works by 63.3% in the second quarter. Parallel Advisors LLC now owns 1,241 shares of the company’s stock worth $37,000 after buying an additional 481 shares during the last quarter. Gabelli Funds LLC lifted its stake in shares of Bath & Body Works by 1.2% during the third quarter. Gabelli Funds LLC now owns 47,536 shares of the company’s stock worth $1,225,000 after buying an additional 542 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Bath & Body Works by 3.7% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 16,700 shares of the company’s stock valued at $430,000 after buying an additional 600 shares during the last quarter. Finally, State of Wyoming grew its holdings in shares of Bath & Body Works by 6.2% during the second quarter. State of Wyoming now owns 11,294 shares of the company’s stock valued at $338,000 after buying an additional 661 shares during the last quarter. 95.14% of the stock is owned by institutional investors and hedge funds.

Bath & Body Works Company Profile

Bath & Body Works, Inc is a leading specialty retailer focused on personal care, home fragrance and complementary products. Through its flagship Bath & Body Works brand, the company offers a diverse assortment of shower gels, lotions, fragrance mists, candles and home fragrance items. Its product portfolio also includes the White Barn Candle Co range of premium scented candles and diffusers. Bath & Body Works serves consumers through a combination of brick-and-mortar stores and e-commerce platforms, delivering seasonal collections, limited-edition releases and signature scent lines.

Founded in 1990 as part of Limited Brands (now L Brands), Bath & Body Works opened its first store in New Albany, Ohio, and quickly expanded across the United States.