Shares of Bath & Body Works, Inc. (NYSE:BBWI – Get Free Report) have been assigned an average rating of “Hold” from the fourteen ratings firms that are currently covering the firm, MarketBeat reports. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $46.40.
Several equities research analysts have recently weighed in on BBWI shares. Wells Fargo & Company lowered their price objective on Bath & Body Works from $48.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 24th. JPMorgan Chase & Co. upgraded Bath & Body Works from an “underweight” rating to a “neutral” rating and upped their price target for the company from $40.00 to $53.00 in a research report on Friday, May 17th. Telsey Advisory Group reissued an “outperform” rating and set a $53.00 price objective on shares of Bath & Body Works in a report on Tuesday, June 4th. BMO Capital Markets upped their target price on shares of Bath & Body Works from $50.00 to $55.00 and gave the stock an “outperform” rating in a report on Wednesday, June 5th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Bath & Body Works from $53.00 to $57.00 in a research report on Monday, June 3rd.
Get Our Latest Stock Report on Bath & Body Works
Institutional Investors Weigh In On Bath & Body Works
Bath & Body Works Price Performance
BBWI opened at $33.19 on Friday. The company has a market capitalization of $7.41 billion, a P/E ratio of 8.55, a P/E/G ratio of 1.16 and a beta of 1.85. The firm’s fifty day moving average price is $36.90 and its two-hundred day moving average price is $43.16. Bath & Body Works has a fifty-two week low of $27.30 and a fifty-two week high of $52.99.
Bath & Body Works (NYSE:BBWI – Get Free Report) last issued its earnings results on Tuesday, June 4th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.05. Bath & Body Works had a net margin of 11.92% and a negative return on equity of 40.00%. The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same period in the previous year, the business earned $0.33 EPS. The firm’s revenue was down .9% on a year-over-year basis. On average, equities research analysts expect that Bath & Body Works will post 3.29 EPS for the current fiscal year.
Bath & Body Works Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 23rd will be given a $0.20 dividend. The ex-dividend date is Friday, August 23rd. This represents a $0.80 dividend on an annualized basis and a yield of 2.41%. Bath & Body Works’s payout ratio is 20.62%.
About Bath & Body Works
Bath & Body Works, Inc operates a specialty retailer of home fragrance, body care, and soaps and sanitizer products. It sells its products under the Bath & Body Works, White Barn, and other brand names through retail stores and e-commerce sites 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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