Barclays Cuts Bath & Body Works (NYSE:BBWI) Price Target to $39.00

Bath & Body Works (NYSE:BBWIGet Rating) had its target price decreased by Barclays to $39.00 in a report published on Monday morning, Stock Target Advisor reports.

A number of other brokerages have also recently commented on BBWI. JPMorgan Chase & Co. raised their price target on shares of Bath & Body Works from $38.00 to $40.00 in a research note on Friday, September 16th. Robert W. Baird raised their price target on shares of Bath & Body Works from $48.00 to $50.00 and gave the stock an outperform rating in a research note on Thursday, November 17th. Raymond James raised their price target on shares of Bath & Body Works from $43.00 to $48.00 and gave the stock a strong-buy rating in a research note on Friday, August 19th. Credit Suisse Group cut their price target on shares of Bath & Body Works from $49.00 to $42.00 and set a neutral rating for the company in a research note on Thursday, August 18th. Finally, The Goldman Sachs Group raised their price objective on shares of Bath & Body Works from $32.00 to $49.00 and gave the stock a buy rating in a report on Friday, August 19th. One research analyst has rated the stock with a sell rating, four have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Bath & Body Works presently has an average rating of Moderate Buy and an average target price of $51.50.

Bath & Body Works Stock Down 2.1 %

Shares of BBWI opened at $40.40 on Monday. The stock has a market cap of $9.23 billion, a price-to-earnings ratio of 10.52, a P/E/G ratio of 0.91 and a beta of 1.69. Bath & Body Works has a 12 month low of $25.75 and a 12 month high of $77.91. The company has a 50-day moving average price of $34.80 and a two-hundred day moving average price of $35.75.

Bath & Body Works Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 2nd. Investors of record on Friday, November 18th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date of this dividend is Thursday, November 17th. Bath & Body Works’s dividend payout ratio is currently 20.83%.

Institutional Trading of Bath & Body Works

Hedge funds and other institutional investors have recently modified their holdings of the stock. Prospera Financial Services Inc acquired a new stake in shares of Bath & Body Works in the first quarter valued at approximately $25,000. Northwestern Mutual Wealth Management Co. grew its holdings in Bath & Body Works by 119.7% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 525 shares of the company’s stock worth $26,000 after acquiring an additional 286 shares during the period. EverSource Wealth Advisors LLC grew its holdings in Bath & Body Works by 490.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 585 shares of the company’s stock worth $28,000 after acquiring an additional 486 shares during the period. Ellevest Inc. grew its holdings in Bath & Body Works by 156.0% during the 2nd quarter. Ellevest Inc. now owns 1,047 shares of the company’s stock worth $28,000 after acquiring an additional 638 shares during the period. Finally, First Horizon Advisors Inc. grew its holdings in Bath & Body Works by 361.4% during the 1st quarter. First Horizon Advisors Inc. now owns 646 shares of the company’s stock worth $31,000 after acquiring an additional 506 shares during the period. Institutional investors and hedge funds own 96.19% of the company’s stock.

Bath & Body Works Company Profile

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Bath & Body Works, Inc operates a specialty retailer of home fragrance, body care, and soaps and sanitizer products. The company sells its products under the Bath & Body Works, White Barn, and other brand names through specialty retail stores and websites located in the United States and Canada, as well as through international stores operated by partners under franchise, license, and wholesale arrangements.

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Analyst Recommendations for Bath & Body Works (NYSE:BBWI)

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