Bath & Body Works (NYSE:BBWI) Shares Down 3.2%

Bath & Body Works Inc (NYSE:BBWI)’s share price dropped 3.2% during trading on Friday . The stock traded as low as $55.42 and last traded at $55.50. Approximately 15,033 shares traded hands during trading, a decline of 100% from the average daily volume of 3,322,970 shares. The stock had previously closed at $57.36.

BBWI has been the topic of several recent analyst reports. Wells Fargo & Company lifted their target price on shares of Bath & Body Works from $80.00 to $85.00 and gave the stock an “overweight” rating in a research report on Thursday, November 18th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Bath & Body Works from $87.00 to $85.00 and set a “buy” rating for the company in a research note on Friday, January 7th. Robert W. Baird raised their price target on shares of Bath & Body Works from $85.00 to $95.00 and gave the stock an “outperform” rating in a research note on Thursday, November 18th. Credit Suisse Group raised their price target on shares of Bath & Body Works from $67.00 to $76.00 and gave the stock a “neutral” rating in a research note on Thursday, November 18th. Finally, Telsey Advisory Group raised their price target on shares of Bath & Body Works from $85.00 to $91.00 and gave the stock an “outperform” rating in a research note on Thursday, November 18th. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $86.63.

The stock’s 50 day moving average is $71.31. The firm has a market cap of $14.14 billion, a price-to-earnings ratio of 10.12, a PEG ratio of 0.70 and a beta of 1.70.

Bath & Body Works (NYSE:BBWI) last released its quarterly earnings results on Wednesday, November 17th. The company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.32. The firm had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.61 billion. Bath & Body Works had a net margin of 14.24% and a negative return on equity of 165.36%. The business’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.13 EPS. Analysts anticipate that Bath & Body Works Inc will post 4.5 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 3rd. Stockholders of record on Friday, November 19th were given a dividend of $0.15 per share. The ex-dividend date was Thursday, November 18th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.09%. Bath & Body Works’s dividend payout ratio (DPR) is currently 10.58%.

In other news, Director Robert H. Schottenstein sold 5,375 shares of the business’s stock in a transaction on Wednesday, November 24th. The shares were sold at an average price of $74.52, for a total transaction of $400,545.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 16.31% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Lone Pine Capital LLC bought a new stake in shares of Bath & Body Works during the 3rd quarter worth $1,531,646,000. BlackRock Inc. bought a new stake in shares of Bath & Body Works during the 3rd quarter worth $1,184,238,000. Egerton Capital UK LLP bought a new stake in shares of Bath & Body Works during the 3rd quarter worth $889,125,000. Steadfast Capital Management LP bought a new stake in shares of Bath & Body Works during the 3rd quarter worth $468,997,000. Finally, Primecap Management Co. CA bought a new stake in shares of Bath & Body Works during the 3rd quarter worth $382,655,000. 92.30% of the stock is owned by institutional investors.

Bath & Body Works Company Profile (NYSE:BBWI)

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.

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