Barclays Lowers Bath & Body Works (NYSE:BBWI) Price Target to $53.00 | MarketBeat

2022-04-02 07:11:24 By : Mr. Xuwen Zhang

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Bath & Body Works (NYSE:BBWI - Get Rating) had its target price cut by Barclays from $59.00 to $53.00 in a research note issued to investors on Friday, The Fly reports. Barclays's price objective suggests a potential upside of 10.88% from the company's current price.

A number of other equities analysts also recently commented on BBWI. Citigroup reduced their target price on shares of Bath & Body Works from $100.00 to $93.00 and set a "buy" rating on the stock in a research note on Friday, January 7th. Credit Suisse Group reduced their target price on shares of Bath & Body Works from $69.00 to $64.00 and set a "neutral" rating on the stock in a research note on Friday, February 25th. Morgan Stanley lifted their target price on shares of Bath & Body Works from $90.00 to $95.00 and gave the stock an "overweight" rating in a research note on Friday, February 25th. JPMorgan Chase & Co. reduced their target price on shares of Bath & Body Works from $105.00 to $81.00 and set an "overweight" rating on the stock in a research note on Thursday, February 24th. Finally, BMO Capital Markets dropped their price target on shares of Bath & Body Works from $90.00 to $83.00 and set an "outperform" rating for the company in a research report on Thursday, February 24th. Three analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $79.72.

NYSE:BBWI opened at $47.80 on Friday. The company's 50-day moving average price is $52.26 and its 200-day moving average price is $62.84. The company has a market cap of $11.42 billion, a P/E ratio of 9.72, a P/E/G ratio of 1.17 and a beta of 1.80. Bath & Body Works has a twelve month low of $45.46 and a twelve month high of $82.00.

Bath & Body Works (NYSE:BBWI - Get Rating) last posted its quarterly earnings results on Tuesday, February 22nd. The company reported $2.30 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $2.27 by $0.03. The firm had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $2.96 billion. Bath & Body Works had a net margin of 14.13% and a negative return on equity of 115.32%. The company's revenue for the quarter was up 11.4% on a year-over-year basis. During the same period last year, the firm posted $1.96 earnings per share. As a group, analysts expect that Bath & Body Works will post 4.59 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of BBWI. EWG Elevate Inc. lifted its position in shares of Bath & Body Works by 2.2% during the 4th quarter. EWG Elevate Inc. now owns 11,491 shares of the company's stock worth $802,000 after buying an additional 246 shares during the last quarter. Signaturefd LLC lifted its position in shares of Bath & Body Works by 72.4% during the 4th quarter. Signaturefd LLC now owns 693 shares of the company's stock worth $48,000 after buying an additional 291 shares during the last quarter. Profund Advisors LLC lifted its position in shares of Bath & Body Works by 5.6% during the 4th quarter. Profund Advisors LLC now owns 5,676 shares of the company's stock worth $396,000 after buying an additional 300 shares during the last quarter. GM Advisory Group Inc. lifted its position in shares of Bath & Body Works by 0.5% during the 4th quarter. GM Advisory Group Inc. now owns 71,120 shares of the company's stock worth $4,963,000 after buying an additional 350 shares during the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in shares of Bath & Body Works during the 4th quarter worth approximately $30,000. Institutional investors own 92.23% of the company's stock.

Bath & Body Works Company Profile (Get Rating)

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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