Bath & Body Works (NYSE:BBWI) Research Coverage Started at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft started coverage on shares of Bath & Body Works (NYSE:BBWI) in a report issued on Thursday morning, Marketbeat.com reports. The brokerage issued a hold rating and a $21.00 target price on the stock.

Several other brokerages have also issued reports on BBWI. Telsey Advisory Group lowered Bath & Body Works from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $38.00 to $17.00 in a research note on Friday, November 21st. The Goldman Sachs Group cut shares of Bath & Body Works from a “buy” rating to a “neutral” rating and cut their price objective for the company from $39.00 to $17.00 in a research note on Thursday, November 20th. Zacks Research lowered shares of Bath & Body Works from a “hold” rating to a “strong sell” rating in a report on Monday, November 24th. New Street Research set a $26.00 price target on shares of Bath & Body Works in a research note on Monday, November 24th. Finally, Guggenheim assumed coverage on shares of Bath & Body Works in a research report on Tuesday, December 9th. They set a “neutral” rating for the company. Five investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $23.83.

Bath & Body Works Stock Performance

Shares of NYSE:BBWI opened at $23.27 on Thursday. The firm has a market capitalization of $4.76 billion, a PE ratio of 7.16, a price-to-earnings-growth ratio of 0.86 and a beta of 1.51. Bath & Body Works has a 52-week low of $14.27 and a 52-week high of $41.87. The firm has a fifty day moving average of $20.15 and a 200 day moving average of $25.73.

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

Bath & Body Works Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Friday, November 21st were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, November 21st. This represents a $0.80 annualized dividend and a dividend yield of 3.4%. Bath & Body Works’s dividend payout ratio (DPR) is presently 24.62%.

Insiders Place Their Bets

In other Bath & Body Works news, Director Lucy Brady acquired 3,470 shares of the business’s stock in a transaction dated Friday, November 21st. The shares were purchased at an average cost of $14.40 per share, for a total transaction of $49,968.00. Following the transaction, the director owned 17,482 shares in the company, valued at $251,740.80. This represents a 24.76% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Francis Hondal bought 3,343 shares of Bath & Body Works stock in a transaction dated Friday, November 21st. The shares were acquired at an average cost of $14.99 per share, for a total transaction of $50,111.57. Following the completion of the purchase, the director directly owned 21,554 shares of the company’s stock, valued at approximately $323,094.46. This trade represents a 18.36% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders have acquired 33,513 shares of company stock worth $500,442. Corporate insiders own 0.26% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. First Horizon Corp purchased a new stake in shares of Bath & Body Works in the 3rd quarter worth about $29,000. Stonehage Fleming Financial Services Holdings Ltd bought a new position in Bath & Body Works in the second quarter worth about $33,000. Geneos Wealth Management Inc. lifted its holdings in Bath & Body Works by 217.7% in the first quarter. Geneos Wealth Management Inc. now owns 1,169 shares of the company’s stock worth $35,000 after buying an additional 801 shares during the period. Parallel Advisors LLC boosted its position in Bath & Body Works by 63.3% during the 2nd quarter. Parallel Advisors LLC now owns 1,241 shares of the company’s stock valued at $37,000 after acquiring an additional 481 shares in the last quarter. Finally, Danske Bank A S bought a new stake in Bath & Body Works during the 3rd quarter valued at approximately $39,000. 95.14% of the stock is currently owned by institutional investors.

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.