Bath & Body Works (NYSE:BBWI) Announces Quarterly Earnings Results

Bath & Body Works (NYSE:BBWI) released its quarterly earnings data on Thursday. The company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.05), FiscalAI reports. The business had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.64 billion. Bath & Body Works had a negative return on equity of 48.43% and a net margin of 9.88%.The business’s quarterly revenue was down 1.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.49 EPS. Bath & Body Works updated its FY 2025 guidance to 2.870- EPS and its Q4 2025 guidance to 1.700- EPS.

Bath & Body Works Stock Performance

Bath & Body Works stock opened at $15.86 on Thursday. Bath & Body Works has a fifty-two week low of $15.65 and a fifty-two week high of $41.87. The stock has a market cap of $3.27 billion, a P/E ratio of 4.77, a price-to-earnings-growth ratio of 0.86 and a beta of 1.53. The firm’s fifty day moving average price is $25.07 and its 200-day moving average price is $28.34.

Bath & Body Works Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 21st will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend is Friday, November 21st. Bath & Body Works’s payout ratio is currently 23.74%.

Hedge Funds Weigh In On Bath & Body Works

Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of America Corp DE lifted its holdings in shares of Bath & Body Works by 86.9% in the 3rd quarter. Bank of America Corp DE now owns 3,399,390 shares of the company’s stock worth $87,568,000 after acquiring an additional 1,580,176 shares during the last quarter. Two Sigma Investments LP boosted its position in Bath & Body Works by 1,004.1% during the third quarter. Two Sigma Investments LP now owns 1,443,312 shares of the company’s stock valued at $37,180,000 after buying an additional 1,312,586 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in shares of Bath & Body Works during the third quarter valued at about $31,942,000. Marshall Wace LLP lifted its stake in shares of Bath & Body Works by 195.5% in the 3rd quarter. Marshall Wace LLP now owns 1,422,941 shares of the company’s stock valued at $36,655,000 after acquiring an additional 941,410 shares during the last quarter. Finally, AQR Capital Management LLC boosted its holdings in Bath & Body Works by 17.1% during the 3rd quarter. AQR Capital Management LLC now owns 4,921,968 shares of the company’s stock valued at $126,790,000 after acquiring an additional 718,642 shares during the period. 95.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on BBWI. Raymond James Financial reiterated a “market perform” rating on shares of Bath & Body Works in a research note on Wednesday, November 12th. Wall Street Zen cut Bath & Body Works from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Jefferies Financial Group reduced their target price on shares of Bath & Body Works from $32.00 to $28.50 and set a “hold” rating for the company in a research note on Monday, October 13th. UBS Group cut their price target on shares of Bath & Body Works from $36.00 to $32.00 and set a “neutral” rating on the stock in a report on Friday, August 29th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $38.00 price objective on shares of Bath & Body Works in a research note on Thursday. Ten research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $38.18.

About Bath & Body Works

Bath & Body Works, Inc is a specialty retailers and home to America’s Favorite Fragrances, offering a breadth of exclusive fragrances for the body and home, including the selling collections for fine fragrance mist, body lotion and body cream, 3-wick candles, home fragrance diffusers and liquid hand soap.