Posted by admin on May 12th, 2022

Several brokerages have updated their recommendations and price targets on shares of Bath & Body Works (NYSE: BBWI) in the last few weeks:

Shares of NYSE:BBWI opened at $47.77 on Thursday. The company has a market capitalization of $11.39 billion, a price-to-earnings ratio of 9.71, a price-to-earnings-growth ratio of 1.23 and a beta of 1.56. Bath & Body Works, Inc. has a 52 week low of $44.17 and a 52 week high of $82.00. The firm has a 50 day moving average of $50.26 and a 200 day moving average of $60.00.

Bath & Body Works (NYSE:BBWI – Get Rating) last issued its quarterly earnings results on Wednesday, February 23rd. The company reported $2.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.03. The business had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $2.96 billion. Bath & Body Works had a negative return on equity of 115.32% and a net margin of 14.13%. The business’s quarterly revenue was up 11.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.96 earnings per share. As a group, equities analysts anticipate that Bath & Body Works, Inc. will post 4.62 earnings per share for the current fiscal year.

In other news, 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 transaction, the chief financial officer now directly owns 98,888 shares of the company’s stock, valued at $5,438,840. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.37% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in BBWI. Advisor Group Holdings Inc. purchased a new stake in shares of Bath & Body Works during the third quarter valued at $3,313,000. Truist Financial Corp purchased a new stake in shares of Bath & Body Works during the third quarter valued at $967,000. Russell Investments Group Ltd. purchased a new stake in shares of Bath & Body Works during the third quarter valued at $5,308,000. Mackenzie Financial Corp purchased a new stake in shares of Bath & Body Works during the third quarter valued at $2,281,000. Finally, TD Asset Management Inc. purchased a new stake in shares of Bath & Body Works during the third quarter valued at $13,732,000. 97.11% of the stock is currently owned by hedge funds and other institutional investors.

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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