Posted by admin on Jun 21st, 2022

Bath & Body Works, Inc. (NYSE:BBWI – Get Rating) traded down 3% during mid-day trading on Tuesday . The company traded as low as $32.42 and last traded at $32.52. 74,061 shares traded hands during trading, a decline of 99% from the average session volume of 5,206,479 shares. The stock had previously closed at $33.53.

A number of analysts have recently issued reports on the stock. BMO Capital Markets dropped their price objective on shares of Bath & Body Works from $83.00 to $65.00 in a report on Thursday, May 19th. Morgan Stanley dropped their price objective on shares of Bath & Body Works from $95.00 to $64.00 and set an “overweight” rating for the company in a report on Friday, May 20th. Cowen dropped their price objective on shares of Bath & Body Works from $82.00 to $60.00 and set an “outperform” rating for the company in a report on Friday, May 20th. Telsey Advisory Group lowered their price target on shares of Bath & Body Works from $70.00 to $60.00 and set an “outperform” rating for the company in a research note on Thursday, May 19th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Bath & Body Works from $81.00 to $67.00 in a research note on Monday, May 16th. Two analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $66.47.

The business’s 50-day simple moving average is $45.17 and its 200-day simple moving average is $52.94. The stock has a market cap of $7.14 billion, a PE ratio of 7.05, a PEG ratio of 1.01 and a beta of 1.58.

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

The business also recently declared a quarterly dividend, which was paid on Friday, June 17th. Investors of record on Friday, June 3rd were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.56%. The ex-dividend date of this dividend was Thursday, June 2nd. Bath & Body Works’s dividend payout ratio is currently 17.43%.

In other Bath & Body Works news, CFO Wendy C. Arlin sold 6,000 shares of the company’s stock in a transaction dated Tuesday, April 19th. The shares were sold at an average price of $55.00, for a total value of $330,000.00. Following the sale, the chief financial officer now owns 98,888 shares in the company, valued at $5,438,840. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Thomas E. Mazurek sold 16,338 shares of the company’s stock in a transaction dated Friday, May 27th. The stock was 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 disclosure for this sale can be found here. 0.37% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Prospera Financial Services Inc bought a new position in shares of Bath & Body Works in the first quarter worth approximately $25,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Bath & Body Works by 119.7% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 525 shares of the company’s stock worth $26,000 after buying an additional 286 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Bath & Body Works by 490.9% in the first quarter. EverSource Wealth Advisors LLC now owns 585 shares of the company’s stock worth $28,000 after buying an additional 486 shares in the last quarter. Acadian Asset Management LLC bought a new position in shares of Bath & Body Works in the fourth quarter worth approximately $30,000. Finally, First Horizon Advisors Inc. lifted its stake in shares of Bath & Body Works by 361.4% in the first quarter. First Horizon Advisors Inc. now owns 646 shares of the company’s stock worth $31,000 after buying an additional 506 shares in the last quarter. Institutional investors and hedge funds 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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