Bath & Body Works, Inc. (NYSE:BBWI – Get Free Report) announced a quarterly dividend on Friday, August 7th. Stockholders of record on Friday, August 21st will be paid a dividend of 0.20 per share on Friday, September 4th. This represents a c) annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Friday, August 21st.
Bath & Body Works has increased its dividend payment by an average of 0.2%annually over the last three years. Bath & Body Works has a dividend payout ratio of 20.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Bath & Body Works to earn $2.90 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 27.6%.
Bath & Body Works Stock Up 1.0%
NYSE BBWI traded up $0.20 during trading hours on Friday, hitting $20.34. The company’s stock had a trading volume of 4,635,723 shares, compared to its average volume of 5,629,001. Bath & Body Works has a twelve month low of $14.27 and a twelve month high of $32.32. The firm has a market capitalization of $4.10 billion, a P/E ratio of 5.71, a PEG ratio of 2.06 and a beta of 1.38. The stock has a fifty day moving average of $20.30 and a 200 day moving average of $20.29.
Analysts Set New Price Targets
Several equities research analysts have issued reports on the stock. Weiss Ratings upgraded shares of Bath & Body Works from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, July 9th. Morgan Stanley reiterated an “equal weight” rating and issued a $22.00 price objective on shares of Bath & Body Works in a report on Monday, July 6th. Jefferies Financial Group increased their target price on Bath & Body Works from $22.00 to $23.00 and gave the stock a “hold” rating in a research note on Tuesday, July 28th. Telsey Advisory Group dropped their target price on shares of Bath & Body Works from $25.00 to $22.00 and set a “market perform” rating for the company in a report on Thursday, May 28th. Finally, TD Cowen raised their price target on shares of Bath & Body Works from $20.00 to $25.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Three analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $21.93.
Get Our Latest Analysis on BBWI
About Bath & Body Works
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.
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