Posted by admin on Jun 16th, 2022

Bath & Body Works, Inc. (NYSE:BBWI – Get Rating)’s stock price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $31.97 and last traded at $32.08, with a volume of 71954 shares changing hands. The stock had previously closed at $34.00.

A number of brokerages have issued reports on BBWI. MKM Partners decreased their target price on shares of Bath & Body Works from $94.00 to $91.00 and set a “buy” rating for the company in a research note on Thursday, February 24th. Credit Suisse Group decreased their target price on shares of Bath & Body Works from $64.00 to $49.00 and set a “neutral” rating for the company in a research note on Thursday, May 19th. Cowen decreased their target price on shares of Bath & Body Works from $82.00 to $60.00 in a research note on Friday, May 20th. Morgan Stanley decreased their target price on shares of Bath & Body Works from $95.00 to $64.00 and set an “overweight” rating for the company in a research note on Friday, May 20th. Finally, BMO Capital Markets decreased their target price on shares of Bath & Body Works from $83.00 to $65.00 in a research note on Thursday, May 19th. Two analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat.com, Bath & Body Works currently has an average rating of “Buy” and an average target price of $66.47.

The firm has a market cap of $7.34 billion, a P/E ratio of 7.41, a PEG ratio of 1.02 and a beta of 1.58. The stock’s 50 day moving average is $45.97 and its two-hundred day moving average is $54.09.

Bath & Body Works (NYSE:BBWI – Get Rating) last posted its quarterly earnings results on Wednesday, May 18th. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.13. The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.43 billion. Bath & Body Works had a net margin of 15.41% and a negative return on equity of 69.03%. As a group, analysts predict that Bath & Body Works, Inc. will post 4.01 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 17th. Stockholders of record on Friday, June 3rd will be paid a $0.20 dividend. The ex-dividend date of this dividend is Thursday, June 2nd. This represents a $0.80 annualized dividend and a dividend yield of 2.49%. Bath & Body Works’s dividend payout ratio is currently 17.43%.

In other Bath & Body Works news, insider Thomas E. Mazurek sold 16,338 shares of the business’s stock in a transaction on Friday, May 27th. The shares were sold at an average price of $42.25, for a total transaction of $690,280.50. Following the completion of the sale, the insider now owns 11,225 shares in the company, valued at approximately $474,256.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Wendy C. Arlin sold 6,000 shares of the company’s stock in a transaction on Tuesday, April 19th. The stock was sold at an average price of $55.00, for a total transaction of $330,000.00. Following the completion of the sale, the chief financial officer now owns 98,888 shares of the company’s stock, valued at approximately $5,438,840. The disclosure for this sale can be found here. Insiders own 0.37% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Acadian Asset Management LLC purchased a new position in shares of Bath & Body Works in the 4th quarter worth about $30,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Bath & Body Works by 119.7% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 525 shares of the company’s stock worth $26,000 after buying an additional 286 shares during the last quarter. Prospera Financial Services Inc purchased a new position in shares of Bath & Body Works in the 1st quarter worth about $25,000. Alpha Paradigm Partners LLC purchased a new position in shares of Bath & Body Works in the 4th quarter worth about $40,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Bath & Body Works by 490.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 585 shares of the company’s stock worth $28,000 after buying an additional 486 shares during the last quarter. Hedge funds and other institutional investors own 97.11% of the company’s stock.

Bath & Body Works Company Profile (NYSE:BBWI)

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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