Brokerages Set Bath & Body Works, Inc. (NYSE:BBWI) Target Price at $23.61

Shares of Bath & Body Works, Inc. (NYSE:BBWI) have been given an average recommendation of “Hold” by the nineteen ratings firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and five have given a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $23.6071.

Several research analysts have commented on the company. Bank of America cut their target price on Bath & Body Works from $40.00 to $32.00 and set a “buy” rating for the company in a research note on Thursday, November 20th. Robert W. Baird set a $20.00 price target on shares of Bath & Body Works in a report on Wednesday, December 17th. New Street Research set a $26.00 price objective on shares of Bath & Body Works in a research note on Monday, November 24th. Telsey Advisory Group lowered shares of Bath & Body Works from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $38.00 to $17.00 in a report on Friday, November 21st. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $18.00 price target (down from $43.00) on shares of Bath & Body Works in a report on Friday, November 21st.

Insiders Place Their Bets

In other Bath & Body Works news, Director Steven E. Voskuil bought 20,000 shares of the firm’s stock in a transaction on Friday, November 21st. The shares were acquired at an average cost of $15.04 per share, for a total transaction of $300,800.00. Following the purchase, the director directly owned 33,925 shares of the company’s stock, valued at $510,232. The trade was a 143.63% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lucy Brady purchased 3,470 shares of the stock in a transaction on Friday, November 21st. The stock was acquired at an average cost of $14.40 per share, for a total transaction of $49,968.00. Following the acquisition, the director owned 17,482 shares in the company, valued at approximately $251,740.80. This represents a 24.76% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 33,513 shares of company stock valued at $500,442 in the last ninety days. Corporate insiders own 0.27% of the company’s stock.

Institutional Investors Weigh In On Bath & Body Works

A number of institutional investors and hedge funds have recently bought and sold shares of BBWI. American Century Companies Inc. grew its stake in Bath & Body Works by 2,204.1% in the 3rd quarter. American Century Companies Inc. now owns 5,174,370 shares of the company’s stock worth $133,292,000 after buying an additional 4,949,796 shares in the last quarter. Jupiter Asset Management Ltd. raised its position in shares of Bath & Body Works by 553.2% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 3,714,499 shares of the company’s stock valued at $95,685,000 after buying an additional 3,145,797 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Bath & Body Works by 267.8% during the 1st quarter. AQR Capital Management LLC now owns 3,993,173 shares of the company’s stock worth $121,073,000 after acquiring an additional 2,907,506 shares during the last quarter. Norges Bank purchased a new position in Bath & Body Works in the second quarter worth $57,746,000. Finally, Vaughan Nelson Investment Management L.P. purchased a new position in Bath & Body Works in the third quarter worth $43,113,000. 95.14% of the stock is owned by hedge funds and other institutional investors.

Bath & Body Works Trading Up 3.1%

BBWI opened at $20.71 on Monday. Bath & Body Works has a 12 month low of $14.27 and a 12 month high of $41.87. The company has a market cap of $4.24 billion, a PE ratio of 6.37, a price-to-earnings-growth ratio of 0.77 and a beta of 1.51. The company has a 50 day moving average of $20.45 and a 200 day moving average of $25.93.

Bath & Body Works (NYSE:BBWI) last issued its earnings results on Thursday, November 20th. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.05). Bath & Body Works had a net margin of 9.50% and a negative return on equity of 47.35%. The business had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same period in the previous year, the firm earned $0.49 EPS. The company’s revenue was down 1.0% compared to the same quarter last year. Bath & Body Works has set its FY 2025 guidance at 2.870- EPS and its Q4 2025 guidance at 1.700- EPS. Research analysts forecast that Bath & Body Works will post 3.3 earnings per share for the current fiscal year.

Bath & Body Works Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Friday, November 21st were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, November 21st. This represents a $0.80 annualized dividend and a yield of 3.9%. Bath & Body Works’s dividend payout ratio (DPR) is currently 24.62%.

Bath & Body Works Company Profile

Bath & Body Works, Inc is a leading specialty retailer focused on personal care, home fragrance and complementary products. Through its flagship Bath & Body Works brand, the company offers a diverse assortment of shower gels, lotions, fragrance mists, candles and home fragrance items. Its product portfolio also includes the White Barn Candle Co range of premium scented candles and diffusers. Bath & Body Works serves consumers through a combination of brick-and-mortar stores and e-commerce platforms, delivering seasonal collections, limited-edition releases and signature scent lines.

Founded in 1990 as part of Limited Brands (now L Brands), Bath & Body Works opened its first store in New Albany, Ohio, and quickly expanded across the United States.